Small Business - Commerical Insurance Advice

Hello! I am new to the forum and considering starting a small transportation business using my pickup to do some light duty towing, such as moving boats & other vehicles on a flatbed for hire.

I called Progressive to obtain an insurance quote for this... I do have a CDL, and would be starting the business as LLC with the appropriate licenses. However, I was told that I cannot obtain insurance to tow a boat with a pickup, including large diesel pickups. They said I would need a minimum of a 18 wheeler, which seems overfill for a 15' boat or a honda fit.

I feel this cannot be correct? Can anyone offer any input or advice? Also, the quote was around $4,500 per year without any load insurance for only $10,000 vehicle coverage and minimal liability.

BTW: I have a perfect driving record, and am 25 years old.

I appreciate any input!

 

That was useful.

But in all honesty, what is wrong with using the tools I have available to try and make ends meet? I am not a full time truck driver, I do not have an 18 wheeler... but there must be a niche available for small time work. Every vehicle I see that is less than an 18 wheeler pulling a small boat to deliver it cannot be uninsured?

I was hoping there would be some helpful people on here... if not, I am sorry to have bothered you all.

 

I will look into that forum, thank you.

I have a Chevy 1500 pickup (2004, 5.3L) (Probably will buy a diesel eventually, for personal reasons but was hoping to use it for this), an assortment of small trailers, about 300,000 miles of experience with this truck - 50,000 pulling trailers upto 40'. Far from experienced, I know. But have to start somewhere.

For this instance, I was hoping to deliver small boats to make ends meet, well within the capacity of my pickup.

 

I may get a heavy duty truck in the immediate future, as that one has original engine and transmission - can't imagine it has much more left in it.

I have a somewhat unique situation. I have a full time job, but its computer based and allows me to work from anywhere there is internet or cell phone signal. My plan was to do runs between Texas & Washington as I have a place to stay there, and can work in either location during the week. I would go back and forth on the weekends when I find a load, maybe a time or two per month. But since I typically only have weekends available, I imagine I can't get a position with ACME etc.

 

After further research on “HotShot” insurance, it seems it's pretty hard to find, and rather expensive if you're running a part time business.