Three things you should know about trucking insurance

Trucking insurance is a necessity if you are running your own owner-operator business. Truckers in Davie, FL can purchase a trucking insurance policy from Zot Insurance Agency.

The following are three things you should know about trucking insurance. 

Not having adequate trucking insurance coverage can lead to severe penalties.

If you’re caught without adequate trucking insurance coverage, it could put you out of business. You could be hit with costly fines or even completely shut down. 

You need to understand what trucking insurance requirements you need to meet. Remember that trucking insurance is a type of commercial insurance. This makes it different from personal auto coverage. 

Make sure you’re meeting insurance requirements for running a trucking business through your insurance policy. 

There are numerous types of commercial trucking insurance coverage.

Trucking insurance is a complex product. There are numerous types of coverage you should be aware of. These include general liability coverage, non-trucking liability insurance, cargo coverage, trailer interchange, and more. 

You can write off trucking insurance premiums as a business expense. 

Trucking insurance is a necessary and important expense you need to cover as part of running your business operation. However, it’s important to realize that commercial trucking insurance premiums qualify as a business expense.

What this means is that you can write off your premiums to bring down the tax liability of your commercial operation. It’s important to remember to include your premium costs among your business expenses. Saving money on business taxes wherever possible is important for maximizing the profit of your commercial venture. 

Get the right trucking insurance policy in Davie, FL. We’re standing by to assist you with your insurance needs at Zot Insurance Agency. 

Top 4 Things to Consider When Choosing Commercial Insurance

If you are a business owner in Davie, FL,  Zot Insurance Agency is here to meet your commercial insurance needs. Before you purchase commercial insurance, you should consider these four things. 

1. Do I Have Obligations That Require Certain Insurance Coverage?

Obligations that require you to have insurance include laws, lease agreements, and loan contracts. All states require vehicles to be insured. If you use your vehicle for business purposes, you will probably need commercial auto insurance. You may need worker’s compensation insurance if you have employees. Lenders often require you to ensure the collateral of the loan. When you lease property, the lessor may require you to have property insurance. 

2. Do I Need Insurance to Gain Clients or Perform Work?

Some businesses need specific insurance policies to perform their work, particularly if they work with vendors. Other businesses may have to meet insurance requirements to complete licensing. You may also be more attractive to clients if you have insurance. For example, construction and repair businesses are seen as more credible when they have commercial insurance coverage. 

3. Do You Need Professional Liability Insurance? 

Some businesses benefit from protection beyond the standard policies. Professional liability is important if a mistake in your work can be costly. Doctors, architects, and lawyers are a few examples of businesses that need professional liability. Your standard liability policy covers accidents. It does not cover damages for mistakes with your product or service. 

4. Do You Need Business Interruption Insurance?

If you own a physical business, you should consider business interruption insurance. if your place of business is damaged and needs repairs, you will still have bills to pay. Property insurance will cover the damage to your building and inventory, but it will not cover your business losses while your business is closed. Business interruption insurance can help you stay afloat until you are up and running again. 

Commercial insurance isn’t just for large businesses. Small businesses can also benefit from the right commercial insurance policies. At Zot Insurance Agency in Davie, FL, our agents will speak with you about your business and help you select the policies you need. 

3 Questions to Ask Your Agent About Trucking Insurance

If you have a trucking company or you’re about to start one, you’ll want to make sure you have the right trucking insurance to meet your needs and protect your employees, as well as other drivers on the road. At Zot Insurance Agency, we can help you and all our Davie, FL customers with the insurance they need to get — and keep — their businesses moving. The trucking business has specific requirements that have to be met, and insurance regulations are a big part of that. You want to make sure you’re following all the rules, and an experienced insurance agent can help make that easier. That way you can have peace of mind, and so can your drivers. Here are three important questions to ask your agent.

1. Does your insurance policy meet or exceed the state’s requirements for insurance for your commercial vehicles?

2. Who do you contact if you have questions or concerns about the policy or you need to make changes to it?

3. Are there options for quotes from multiple companies to find the insurance that’s right for your trucking business?

When you’re ready to get a quote on trucking insurance, get a policy, or update an existing level of coverage, reach out to us at Zot Insurance Agency. If you’re in the Davie, FL area, we can help you get the right type and level of coverage for your trucking business. Then you’ll have the opportunity to get started on your business venture with security and address any worries your drivers have about proper coverage, as well. Knowing your following proper rules and regulations can make it easier for you to focus on the business itself, and keep your drivers operating your fleet of trucks. Whether you’re traveling around your town or across the country, the right insurance can make a difference.

What are the benefits of trucking insurance?

The trucking and shipping industry is a very important one that ensures that people all over the world are able to get the products that they need. Those that are in the trucking industry and transport products take on a lot of responsibility and risk. Due to this, getting insurance is very important. There are several benefits that come when you get trucking insurance for your business in Davie, FL. 

Covers Cargo

One of the advantages of trucking cargo is that it can protect your cargo. Depending on the shipment, you could have millions of dollars of cargo in your truck. Due to this, it is very important that you always have plenty of insurance to protect this cargo. Trucking insurance will give you protection and coverage in the event your cargo is damaged in an accident or stolen. 

Liability Protection

Another advantage of trucking insurance is that it will provide you with liability protection. Operating a large truck is challenging and accidents do happen from time to time. If you are involved in an accident and are at fault, you will be held responsible for any damages that are caused. Fortunately, when you get a trucking insurance policy, you will end up getting the coverage that you need to ensure you continue to be covered if you are in an accident. 

For someone in the Davie, FL area, having trucking insurance is a practical necessity. If you are going to get a trucking insurance policy, you will be doing a lot to protect yourself and your business. To ensure you pick the right policy, you should reach out to Zot Insurance Agency. The Zot Insurance Agency knows all of the complexities that exist with trucking insurance. They can help you to review your situation and ensure that you pick the right policy for you and business. 

Do business owners in Davie, FL need business interruption insurance?

Davie, FL is one of the best places to live in Florida, which is saying a lot. But even in such a great place, the unexpected can happen. Sometimes there are circumstances beyond your control that cause your small business to close. While your business is closed, you don’t have the income you need to pay for the operating expenses you still need to pay for.

At Zot Insurance Agency, we try to help our clients prepare for the unexpected. Business interruption insurance is one of the best ways to do that. 

What is Business Interruption Insurance? 

Business interruption insurance is a special kind of policy that protects the insured during times a business is closed for restoration or repairs because of damage to the property. When your business is closed, even it the circumstances are completely beyond your control, you still have to keep paying your bills.

Operating expenses like your rent and mortgage still come due every month, and you still have to make monthly loan and utility payments. Normally you can expect to be taking in money to offset all your costs and expenses, but you won’t be able to while your business is shut down.

What Does Business Interruption Insurance Actually Cover?

The amount of lost income depends on your financial records, which you will provide when purchasing the policy. You need to be able to prove how much income you could have expected during the closure.

Your business interruption policy could also cover additional expenses related to the closure, such as a new temporary location for the business and related signs. You can tailor your Davie, FL business interruption policy to the specific needs of your business and add it to your regular commercial insurance. If you want to see how business interruption insurance can help your small business, please feel free to call Zot Insurance Agency today.

Top questions to ask about trucking insurance

Whether you operate your truck in Davie, FL, or all over the country, it is critical to have a comprehensive trucking policy in place. The specialists at Zot Insurance Agency would be happy to guide you through the process of putting together a policy that is customized to your trucking needs. 

How do I know what type of policy I need for my truck?

Trucks are classified into three different categories, and depending on the type of truck you have, we will be able to determine the right policy. A truck will either be insured as a light, medium, or heavy-duty truck. Each one of those classes of trucks requires a specific policy. 

What type of coverage do I need?

While each truck company is different, below are the basic coverages most trucking companies carry. 

  • Commercial Auto Liability: A commercial auto policy will help pay for liability and property damage in the event your truck is in an accident with a third party.

  • Physical Damage coverage: Unlike the commercial auto policy that only covers third party damages, the physical damage coverage will help repair or replace your truck in the event of an accident. 

  • Motor Truck Cargo: Truck cargo insurance will help recover the cost in the event the load you are carrying is lost or damaged.

What is the insurance company rating? 

This is a critical question to ask as you want to make sure the insurance company will be around in the event you need to file a claim. A high rating indicates a financially sound insurance company. 

Do I need an umbrella policy? 

Considering an umbrella policy is never a bad idea. As you know, trucking accidents can cause a large amount of damage, and an umbrella policy will offer you additional protection. 

If you would like to learn more about trucking insurance, reach out to an agent at Zot Insurance Agency in Davie, FL today. We proudly serve Florida and nearby states.

 

Four pieces of information you’ll need to take out commercial truck insurance

If you run a commercial trucking operation, you need to find the right commercial truck insurance policy to protect your liabilities and your business. At Zot Insurance Agency, we offer commercial truck insurance policies to commercial trucking companies in the Davie, FL area.

There is some important information you’ll need to take out an insurance policy. The following are four pieces of information you’ll need to take out commercial truck insurance:

Driver’s License Details

The insurance provider needs to know the name and driver’s license number of any driver who will be operating your vehicles. The insurance provider will be looking up the driving record of all drivers. You may be asked to provide information on any past tickets or driving infractions you or any other drivers working for your company have on their record.

VIN Numbers of Insured Vehicles

You’ll want to have vehicle VIN numbers handy because they’ll also be required. VIN numbers should be listed on your vehicle titles. 

Vehicle Details

The insurance company is going to ask for details about your vehicle. You’ll need to provide the year of manufacture of all of your trucks. You’ll also need to provide the model and manufacturer of your trucks. The insurance company might also want to know about things like safety or technology features your trucks have. 

Details Regarding Commercial Activities

Commercial truck insurance providers often also ask about commercial activity details. They may want to know which states and geographic regions you’ll be operating in. Additionally, you might be asked what types of materials you typically ship and how long your company has been in operation. 

To learn more about commercial truck insurance, owner-operators in the Davie, FL area can contact us at Zot Insurance Agency. 

How trucking insurance can help you

Commercial trucking is an important career as it is necessary for products to be shipped all over the country. If you are employed in the trucking industry or own your own truck, it is vital that you adequately protect your business. One of the best ways to do this today is through the use of a trucking insurance policy as it can help you in several different ways. 

Cargo Insurance

Getting involved in an accident is always very stressful. However, this could be even more stressful if you drive a truck that contains valuable cargo. If this happens, you could end up losing a lot of money if the load is damaged. Through a trucking insurance policy, you can receive coverage for your cargo due to damage, theft, vandalism, fire, or several other loss-creating situations. 

Liability Insurance

When you drive a truck in the Davie, FL area, you also need to make sure that you are covered for liability. Whenever you drive a truck, you are taking on responsibility. If you happen to cause an accident that leads to damage, you could end up being found liable. A trucking insurance policy will provide you with coverage if you are found liable for damages and help with the costs involved. 

As you are shopping for your next trucking insurance policy, you should reach out to the team at Zot Insurance Agency. Choosing a trucking insurance policy in the Davie, FL area can be complicated and confusing. The professionals at Zot Insurance Agency will help you understand better the risks that come with owning a commercial truck and how you can protect yourself with a quality trucking policy. We can then help you get a quote and answer your questions.

Do Work Site Trailers Need Commercial Insurance?

When it comes to commercial insurance coverage, there are many ways a policy can protect the policyholder. For example, there are many circumstances possible when it comes to housing a business or company like conducting business from a worksite trailer. This is a common practice for construction companies or a business that has recently moved or suffered storm damage and require temporary housing.

Using A Trailer To House An Office Or Business

If you are planning to use a portable office or trailer to conduct your daily processes or to serve as a home base for a business, you may need to purchase additional property insurance or special commercial trailer insurance. In some cases, a provider may not insure the trailer as part of the policy unless the policy value meets certain criteria. Before you begin using a trailer on your job site or as a home base for operation, you should consult with your insurance agent to find a policy that can fit your requirements and provide the right level of coverage.

Finding The Right Policy

Whether you are searching for an all in one policy solution or you want additional insurance to give you coverage for a new commercial office trailer, you can make the process easier by enlisting the help of a professional insurance agent. They can guide you through the selection process and give you options that can provide the ideal amount of coverage to protect from damages and loss. If you live in the Davie, FL area, you can count on Zot Insurance Agency to provide personalized service that can give you peace of mind for your business or company.

Commercial trailer insurance selection can be much easier when you work with a skilled insurance agent. Business and company owners around the Davie, FL area should call or stop by Zot Insurance Agency today to speak with an agent or to schedule a consultation. 

Trucking Insurance FAQS

If you are an owner-operator driving a truck in Florida you need to know all there is to know about trucking insurance in Florida because your very livelihood relies on having your truck even if something bad happens. At Zot Insurance Agency we are happy to answer any questions you have about trucking insurance in Florida. We serve drivers in and around Davie, FL with quality insurance services. 

Trucking Insurance Frequently Asked Questions

  • How does trucking insurance differ from regular driver’s insurance? There are higher coverage limits, and the premiums can be higher as well. Regular driver’s do not come across the same risks that a trucker does and a good insurance policy will protect you and your livelihood in case of an accident. 
  • How much coverage do I need? In Florida, you are required to carry a minimum that starts at $10,000 but can grow significantly according to what your cargo is. Ask about specific coverage requirements for your situation. It is a good idea to go beyond the minimum requirements so you have more than minimum aid after an incident. 
  • Should I buy more than my employer covers?  If you are not an owner-operator and are driving under your employer’s insurance policy it may be a good idea to buy an additional umbrella policy to protect yourself further. Discuss your options with our insurance agent, and possibly your employer to see if they want to fund part of your additional coverage. 

Contact us at Zot Insurance Agency to learn more about trucking insurance or to purchase a policy. We serve Davie, FL and the surrounding areas with quality insurance services for all types of drivers. Do not let risk lay in your life or job, get the coverage you need at the price you want.