Hey all,good buddy of my wants to start a boat hauling transport business.He wants me to spilt 50/50 ownership with me which is fine with me.He has ways of finding work.We both have cdl-a licience he has more experience then me but we are going start off using large pick ups like F-350 and Rams 3500.Hopefully buying a rig and move larger boats later.I know we need to be licience and insured and DOT# and MC#.My question is does anyone knows how much insuraince we need by required by dot?I know there a min.im hearing $50,000 $75,000 etc etc.And also once we get everything dot# mc# etc,do we have to follow same hours to drive like trucking and do a daily log book?Any info would be great.We are starting this business in Florida.Thanks
Boat Hualing
Discussion in 'Expediter and Hot Shot Trucking Forum' started by Bigarmin88, Dec 16, 2009.
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good luck with your new venture. i dont know how you could stay busy only hauling boats but if he can get the work, i would say go for it. as far as i know, you MUST follow HOS and logs if you are hauling over i want to say 10,000 lbs but that doesnt sound right. keep us posted! good luck!
Bigarmin88 Thanks this. -
You will be subject to the HOS rules for commercial vehicles since the gvwr on the pickup truck is over 10,001 lbs.
You will need a mc #, insurance of at least 750,000, but maybe even 1 million if batteries are involved on the boats.
You will need drivers files, drug testing and log books.Bigarmin88 Thanks this. -
DOT only requires liability and cargo in the amount of $100,000.00 This is the minimum for the permit to be valid. Your customers base will dictate the amount of cargo you will need. Most boats that you will haul with pickups will be valued at under 100,000. Batteries are not considered hazardous unless they are fully charged and then you would have to have a minimum amount (WHICH A BOAT WOULD NOT HAVE). Good luck
Bigarmin88 Thanks this. -
When I got my authority to haul rv's, they required 750,000 of commercial liability. The factories required me to carry cargo insurance of 100,000.
I only mentioned batteries, because they treat cars with batteries as having the higher insurance liability.
link to site showing insurance level
http://www.fmcsa.dot.gov/registration-licensing/licensing/registr.htm -
Sorry, I meant 100,000 of cargo. Most liability polices are for 750,000 min.
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Thanks everyone for the info,im going to do some homework on this before I jump to the guns.Don't want to get into something that going cost me $1,000.000"s of dollars and there no money making into it.I will keep you guys posted.Thanks again.
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Closed up my authority and went back as leased driver. -
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