New Authority
Welcome to Commercial Trucking Insurance, your trusted partner in navigating the journey of starting a new trucking authority. Congratulations on taking the exciting step towards launching your own trucking business! As you embark on this journey, it’s crucial to ensure that you have the proper insurance coverage in place to protect your assets and comply with regulatory requirements. Let’s explore how to get your new authority set up and insured properly.
Step 1: Obtain Your DOT
The first step in starting your trucking authority is to obtain the necessary operating authority from the Federal Motor Carrier Safety Administration (FMCSA). This process involves completing an application, and paying the required fees. Then, once approved, you’ll receive you DOT number. But before you can get your authorization from the FMCSA to participate in interstate commerce, you will need to provide federal filings BMC-91/91x and your MCS-90. That leads us to step two!
Step 2: Secure Commercial Trucking Insurance
With your DOT secured, the next crucial step is to obtain commercial trucking insurance coverage. This includes various types of insurance policies designed to protect your business, your drivers, and your assets. Some of the key coverages to consider include:
- Primary Liability InsurancePrimary Liability Insurance is a mandatory requirement for all trucking companies operating in the United States. It provides coverage for bodily injury and property damage caused by your trucks while on the road. This is what will post filings for the MCS-90 and the BMC-91/91X.
- Cargo InsuranceCargo Insurance protects the goods you transport against loss or damage while in transit. This coverage is essential for safeguarding your clients' cargo and ensuring that you can fulfill your contractual obligations. If you are doing house hold goods, this coverage can provide you with the BMC-34/83.
- Physical Damage Insurance:Physical Damage Insurance covers the cost of repairing or replacing your trucks if they are damaged in an accident, regardless of fault. This coverage is particularly important for protecting your valuable assets and keeping your business operational.
Tip for getting your authority active quickly: Work with an Experienced Insurance Agent
Navigating the process of obtaining commercial trucking insurance can be complex, especially for new trucking authorities. That’s why it’s essential to work with an experienced insurance agent who understands the unique needs of the transportation industry. An agent specializing in commercial trucking insurance can help you assess your insurance needs, compare quotes from multiple carriers, and find the best coverage options at competitive rates.
Our Commitment to You
At Commercial Trucking Insurance, we’re dedicated to helping new trucking authorities get their businesses off the ground and on the road to success. With our comprehensive insurance solutions and personalized service, you can have confidence knowing that your business is protected every step of the way. From obtaining your operating authority to securing the right insurance coverage, we’re here to support you on your journey to success. Ready to start your trucking authority journey? Contact us today to learn more about our insurance offerings and discover why we’re the preferred choice for commercial trucking insurance.