1 million cargo insurance

You just need to get Physical Damage on your tractor. Your carrier will have the GL, Cargo, and the rest. Why would you want to pay for insurance that you don't need at this time?

 

It's not cheap........ About 650/month per truck just for the extra cargo.

 

Thanks, I pay about that per year for all the trucks per customer. Only have two customers that I need it for though so that may make the difference. If you are hauling that kind of dough on your trucks more regularly then that would explain the need for it.

 

Well if you can find such a thing, which in insurance there are always those that will insure

 

I'm wondering...anybody else on here do hazmat and other things together like I do? I lease to a carrier for the winter hauling fuel for steady revenue flow while equipment/freight slows down. I then switch over to equipment and general freight for RGN and flatbed during the season. I also do move my own stuff and others while still under lease, but I call him and let him know what I'm doing that day and we are in agreement at that point that I cover myself that day or two... that's simple to us.

My insurance is getting ridiculous as of last month due to them finding out I do both hazmat and other. Even though all I need is bobtail while under the tanker leased to this carrier, even when it's parked in my yard and I'm pulling my lowbed no where near that tanker...they consider me a hazmat risk and charge me through the nose. The agent claims that these companies are so afraid of big claims due to the word hazmat, with the lawyers looking for the deepest pockets they can find. Tough to convince me that they could find a way to slap a hazmat claim on my butt in the unfortunate circumstance that I'm hanging upside down off a bridge by the kingpin of my RGN trailer with a skidder chained to it and no visible leaks into the river below...but I guess if you get a good enough lawyer (or bad enough), they can find a way to screw you into the ground anyways.

Anybody else do this kind of thing, that can offer a better alternative for insurance coverage (in the state of Vermont BTW,) without it being prohibitive?

This insurance industry is getting ridiculous to me.

 

While a lot of money that is actually cheap (assuming it's filled with exclusions). With 80 trucks we bumped from $100k to $250k, added reefer, alcohol, reduced deductable - beefed the policy up - with little pain. But the difference to go to $500k you would have thought I was asking to sleep with each underwriters wife.

 

$100k cargo switched to $250k cargo added $963 a year to my premium.
Listed for 2 tractors and 3 trailers.

Idk @W900AOwner regarding hazmat-if you're not use your own authority at the time you're pulling hazmat i don't see why it'd be an issue...I am not an insurance company or agent tho so what I say doesn't apply to them.

Can't change the discussion about that when they bring it up?
"Not under my authority" so they aren't liable...?

 

Your insurance is having fits because it sounds like you are keeping your insurance active but working like a trip lease with the other carrier to do the hazmat. If something happens, your carrier and the carrier you are hauling for will get sued. They look at it as they are taking on hazmat liability without the hazmat premium.

While we have never done a trip lease, one of the reason that we avoided it in the past is that was that it was explained to me that each time that you bring a driver on under a trip lease you need to make sure that they are running under you compliance - logs, drug testing, verification, etc. For a single load it would be hard to make it worth it. Bouncing back and forth seems like it would be a complete nightmare.

 

The 100k to 250k is relatively inexpensive. I have a 750k Ryder per truck that makes it a cool million. That is what is the kicker.