The supply chain is under a lot of stress, and trucking business owners occasionally use heavy-duty pickup trucks and trailers to complete cargo delivery for various reasons. A pickup’s flexibility can help deliver the cargo safely and on time.
If you use pickups to complete or facilitate less-than-load (LTL) delivery on tight deadlines, you need hotshot insurance to help provide crucial financial protection. Contact Integrity Network Insurance Group in Pflugerville, Texas, today to learn more about this essential coverage.
What Is Hotshot Trucking Insurance?
Hotshot trucking insurance is a commercial auto insurance policy that works with your other trucking insurance policies to help provide peace of mind and protect your organization’s financial stability.
This insurance helps provide specific coverage for pickup trucks used as part of a fleet. It provides coverage for third-party liability claims involving bodily injuries or property damage after a covered accident.
Is Hotshot Trucking Insurance Required?
If you drive a heavy-duty truck with the intent of delivering cargo, hotshot trucking insurance may be required. Hotshot trucking insurance may be required with these truck types:
- Class 3 (10,001–14,000 lbs)
- Class 4 (14,001–16,000 lbs)
- Class 5 (16,001–19,500 lbs)
Hotshot trucking companies typically use specific types of trailers, including:
- Dovetail trailers
- Deckover trailers
- Lowboy trailers
- 20- to 40-foot gooseneck trailers
Your broker may request that you purchase hotshot trucking cargo insurance to help protect you (and them) from the financial effects of damaged or stolen cargo.
If you finance or lease your pickup, the lender requires that you purchase a full-coverage commercial auto insurance policy including comprehensive and collision insurance to help pay for damage to the vehicle after a covered accident.
The Federal Motor Carrier Safety Administration (FMCSA) requires public liability coverage for third-party bodily injuries and property damage plus restoration costs post-accident. Freight brokers may also require a minimum $1-million liability insurance policy for your trucking business.
Get Hotshot Trucking Insurance Today
If your trucking operation needs to use pickups to handle some cargo deliveries, hotshot trucking insurance is a must. Contact Integrity Network Insurance Group today to learn more about this necessary coverage and get a trucking insurance policy tailored to meet the needs of your company.
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.