1-truck hazmat?

From my readings... I think Insurance may be your cost concern.

 

You figure it's going to be probably a 5 million dollar policy & I don't believe you will make enough money being a 1 truck operation plus more regulation getting the authority. A one truck operation needs to lease onto a larger hazmat carrier if the revenue is right.

 

Avoid table one items and you can do hazmat with 1 Million and a registration number. Table one bring on 5 Million and the H M Safety Permit too.....

WHY, it doesn't pay. You heard the old adage "how to end up with a million dollars in the trucking business; Start with two....well make it three -or- more if you are hazmat.....

 

Last time I asked my insurance broker to quote me a rate he laughed. Granted I was asking about bulk liquid, but as a new entrant with years hazmat experience, I was quoted $40,000 year. That was a $5 mil policy ($2 mil first and 3 mil umbrella) and $250,000 cargo I think.

 

It certainly ended that thought exercise real fast.