Given the immense strain on the supply chain, trucking business owners sometimes utilize heavy-duty pickup trucks and trailers to fulfill cargo delivery requirements for a multitude of reasons. The versatility of a pickup truck proves beneficial in ensuring the safe and timely transport of goods.

When utilizing pickups to carry out time-sensitive less-than-load (LTL) deliveries, it is essential to have hotshot insurance in place to ensure vital financial protection. To understand this crucial coverage comprehensively, contact Sebrite Agency in Hopkins, MN today. Their team can provide you with the necessary information and guidance regarding hotshot insurance.

Hotshot Trucking Insurance: What Is It?

Hotshot trucking insurance is a specialized commercial auto insurance policy designed to complement your existing trucking insurance coverage. Specifically, it is a type of commercial auto insurance designed to provide targeted coverage for pickup trucks that are part of a fleet. The policy covers third-party liability claims for bodily injuries or property damage resulting from a covered accident, helping to safeguard your business's financial stability. It serves as a crucial safeguard, offering peace of mind and ensuring the financial stability of your organization. With hotshot trucking insurance, you can have confidence knowing that your business is well-protected.

Who Is Required to Carry Hotshot Trucking Insurance?

If you operate a heavy-duty truck for cargo delivery purposes, it is important to consider obtaining hotshot trucking insurance. The requirement for hotshot trucking insurance often applies to trucks falling under specific weight classes, including Class 3 (10,001–14,000 lbs), Class 4 (14,001–16,000 lbs), and Class 5 (16,001–19,500 lbs).

Hotshot trucking companies typically utilize various types of trailers, such as dovetail trailers, deckover trailers, lowboy trailers, and gooseneck trailers ranging from 20 to 40 feet. In some cases, your broker may recommend hotshot trucking cargo insurance, which provides coverage for damaged or stolen cargo, ensuring both your protection and theirs.

If you have financed or leased your pickup truck, your lender will typically require a comprehensive commercial auto insurance policy, including comprehensive and collision insurance coverage. This coverage is intended to assist in paying for damages to the vehicle following a covered accident.

The Federal Motor Carrier Safety Administration (FMCSA) mandates public liability coverage for third-party bodily injuries, property damage, and post-accident restoration costs to comply with regulations. Additionally, freight brokers may require a minimum liability insurance policy of $1 million for your trucking business.

How to Get Hotshot Trucking Insurance

It is crucial to consult with Sebrite Agency to ensure you have the appropriate coverage for your hotshot trucking operation, meeting both regulatory and contractual requirements.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.