I"m getting ready toget in the business of hotshot hauling this seems to be a booming thing lately and I brought a 3 car kaufman trailer dot in georgia say you need a least 750,000 on trailer for a transporter for hire some people say its best to take a 1,000,000 that 6,000 to 8,000 a year for insurance wow or do i need a trailer(use company trailer) confused help!!!

The requirement varies from state to state. Here I insure the power unit, which covers any trailer pulled, for 100K liability. I'm not for hire, pull my own equipment. I pay $1,300 per year per unit.

1M sounds out of hand, but the 6K-8K is in line for the liability exposure. I assume they don't double ding you for the power unit (pickup) to haul commercial for hire.

humm know that sounds good but I'm for hire that what I was told the way I had to good legally

well I am for hire and I have plates that say 26000 pounds so then I MUST BE GOO BECAUSE MY INSURANCE FOR MY TRUCK THREW USAA IS AROUND A 1,000 A YEAR

Safe thing to do is call your agent and make sure your insurance covers you pulling a trailer for hire.

I know some states require seperate trailer insurance for trailers over a given GVW.

YEAH i GUESS YOUR RIGHT DO NOT WANT TO GET CAUGHT OUT THERE GEROGIA DOES NOT PLAY

Coggins, I think you really need to check with USAA. I contacted them about some future hauling to find out what they had. And was basically told they do not do commercial insurance.





I have been with them many years.

Comm Liability $ 2 mil


Bodily $250k per person per accident


Property $500k per accident


Medical $500k per person


Uninsured $500k per accident


Damage other than collision deduct $500


Collision deduct $500


Cargo deduct $500 per vehicle


$5200 per year per truckEdited by: BROKER

6 grand sounds expensive but it realy isn't for what your hauling and the miles you will drive in a year. Between my truck comm ins policy and my general liability and now workmans comp I am close to that. I have 2 million coverage for electrical, burg/ fire protection with $20,000 coverage for tools and materials.
Just the cost of doing business.

Joey,Workmans comp is $11.00 per $100.00


I paid $ 78,000.00 in workmans comp last year.


In the concrete business I paid $121,000.00 last year.

Broker


What does like 3000lb ready mix go for out there.


Genohttp://www.dieselplace.com/forum/smileys/Hug.gif

Geno,residential 3000psi 3/4"aggregate is around $68-$72 per cuyd.

That's footing mix.http://www.dieselplace.com/forum/smileys/Big Smile.gif

Code only requires 2500psi mix in MASS for resi use.

As you know, residential "Code" requirerments alone do not make a good job. Like 3-1/2" driveway slabs. Exterior MASS PSI is 3000, moderate exposure anyway.

Coggins, Insurance is a part of doing business, and as such, you need to both look for the best price AND make sure you are getting what you need. I prefer to have an agent I can call, and trust, as appossed to an 800 number. But that's me. If an agent can't answer your questions, move on to the next one.

well I am for hire and I have plates that say 26000 pounds so then I MUST BE GOO BECAUSE MY INSURANCE FOR MY TRUCK THREW USAA IS AROUND A 1,000 A YEAR


To be legal for hire with own operating authority you are required by Federal DOT to carry min. 750,000 liability. And USAA is a military insurance site that does not handle commercial auto insurance. If they find out that you are for hire they will drop you like a hot coal.


If you stay within a 600 mile radius the insurance will be a lot less, but if you haul national for hire you will pay like the big boys do. Look at companies that deal specifically with commercial auto insurance.


Some States require only DOT# and 500,000 liability. call state department of transportation or FMCSA's web site to get info.http://www.dieselplace.com/forum/smileys/Confused.gif


I use a Suburban to transport travel trailers and boats and My minimums are 500k liability and full coverage on power unit and liabilty on the towed unit even though owners carry a transport policy while unit is being moved. The Same is required for car haulers up here in the NW You will be required to get a CDL Class B a DOT physical and med card and run a log book in accordence to Federal Hours of Service Regulations.http://www.dieselplace.com/forum/smileys/Disapprove.gifhttp://www.dieselplace.com/forum/smileys/Geek.gif





Edited by: Good Sam'

well I kinda made a mistake about it ussa does all my other insurance but that vehicle goes through progressive insurance my wife straighten that out for me I was saying it wrong sorry but there is just insurance on my truck right nowwhich is commerical and I havent yet started but I know that I have to have insurance on the trailer to insure the load when I got my dot/mc license they already told me that I would need aleast 750,000 worth of insurance, vehicle is what I be hauling. yeah there some guys out there that are hauling with out requirments but I'm not trying to be one of them. Thanks why I said 1m worth of insurance lord help you if you get into a accident and don't have it. but before I haul I wanna make sure its worth it. I don't wanna be upside down at the in of the yeah but I know its a gamble it's my first time going into business for myself and just wanna do everything correct. yes I'm a virgin)http://www.dieselplace.com/forum/smileys/HiHi.gif