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.