When you start a new trucking business, you’ll need to find a commercial insurance carrier. But before you can find a commercial insurance carrier, there are some things you’ll need to get done first. Keep reading to learn everything you need to know about finding a commercial insurance carrier.
Before you can search for or set up your commercial insurance, you’ll need to apply for DOT authority. Keep in mind that this can cost more if you will be crossing state lines. When you apply for DOT authority, there is a 21-day vetting process. This means you’ll need to wait 21 days before you can get your commercial insurance.
After your DOT authority is set, you can meet with local commercial insurance agents. These agents are very knowledgeable and will explain to you all the coverages you need. These could include general liability, workers’ compensation, or medical payments, depending on the type of company you are starting.
There are many ways you can find the best commercial insurance carrier for your business. To learn more about finding a commercial insurance carrier and the process of starting your business, watch the video above!