Best Answer

It depends on what type of 'rig' you are going to use. If you are going to use a 3500 style 1-ton pick-up truck, insurance is harder to find, and more expensive. These are often called "Hotshot Rigs."

If you use a truck (built mainly to pull or haul), then it is easier to find insurance. You have to find a firm that will insure your radius of operation. You will also need liability coverage of no less than $750,000.00 and you will need cargo insurance; of which the boat manufacturer will tell you what they want you to have. You might also need to have General Liability of $1 million.

Most cargo insurance costs $750.00 for every $25,000.00 of cargo insurance. So, $100,000.00 of cargo insurance will generally cost you $3000.00/year. You can get deductibles of perhaps $1000.00, which may lower your cargo insurance costs.

If you finance the 'rig' you are going to have to have physical damage insurance.

Check local firms, but you must state that you have a haul-for-hire business. You will also need a DOT number, and the DOT dictates the liability levels of insurance to protect the general public.

Also, do you have a CDL (Commercial Driver's License) or do you need one for the kind of rig you are using? Check with the DOT. And you have to keep a driver's log daily, and have a medical card to go with your license.

If you can meet the requirements set by the DOT, and you can make money...great. But do not cut rates to get the business, as that's a sure way to be out of business shortly. Transportation can be highly competitive, so be careful.

User Avatar

Wiki User

โˆ™ 2008-03-03 04:51:42
This answer is:
User Avatar

Add your answer:

Earn +5 pts
Q: Where can you get commercial insurance for a start up business hauling newly manufactured boats?
Write your answer...

Related Questions

Does insurance cover things damaged while hauling them in a pickup?

It depends on the insurance.

What are some averedge trucking insurance ratesI was?

An average commercial trucking insurance rate is hard to pin point without more information. The price will depend on the nature of the trucking business, the size, age, make and model of your truck as well as how many drivers there will be and what their level of experience and driving history is. For instance; if you are hauling hazardous material or very expensive cargo you will have a different rate than someone hauling light, inexpensive, stable goods.

What commercial truck insurance do I need for hauling across state lines?

You should be able to contact your local insurance company to ask this question. It might depend on the class of your drivers liscense,the type of truck you are driving and the type of load you are carrying. Also contact your Dept of Transportation they can also tell you of the proper insurance you will need.

What are the advantages to purchasing GMC commercial trucks for a small business that frequently makes large hauls over other types of commercial trucks?

According to GMC, their trucks "get the job done" so they would be good for commercial hauling. However, you should always comparison shop and take into account price, financing options, and warranties.

How do you write a letter of intent to do business with a company?

letter of intent for hire from intended hauling company

Who gets the fuel surcharge the trucker who paid for the fuel or the business they are hauling for?

the person who pays for the fuel

What is the prefix or suffix for hauling?

There is no prefix for hauling. -Ing is the suffix in hauling.

What are some companies that offer hauling services in Dallas Texas?

College Hunks Hauling and Allen's Clean-up and Hauling Service are two companies that haul junk and trash from private and business locals. Atrans is a company that moves cargo trailers. They work with both importers and exporters.

A friend was hauling your cattle in his horse trailer and the rear gate opened and four cows were killed Will his insurance cover your cows?

yes it will

How do you get in to hauling cars and trucks in ct want to open my Owen business?

However if you do learn how to it will take an investment of about 150,000.

Hauling in a sentence?

Trains are designed for hauling heavy loads.

Commercial Truck Insurance: a Must-Have Before You Hit The Road?

Whether you own and operate your own commercial vehicle or you drive a company-owned vehicle for your employer, you will need commercial truck insurance in order to be able to legally operate your vehicle. The amount and type of coverage you will need may vary by state, but you will need to have some level of coverage and proof of insurance with at all times when driving regardless of where you are. If you are driving a company-owned vehicle, then your employer should be providing commercial truck insurance for the vehicle. You should not have to worry about anything aside from making sure the proof of insurance is with you at all times just in case you are in an accident or are pulled over. But if you own and operate your own commercial vehicle, whether for your own business or someone else's you will need to provide your own insurance coverage. Your existing auto insurance provider, the same one you use for your own auto, home, and life insurance needs, may also offer commercial services as well. This makes for a convenient "one stop shop" option as you can get all of your insurance needs met in one place. And you will have the peace of mind of knowing you are working with someone you can trust, based on your past business dealings. However you may prefer to seek out someone who works exclusively in the commercial niche, in which case you could search online or ask other local people in your industry for a reference. Some of the factors that will determine the cost of your insurance include what commercial use the truck is being used for (hauling goods, moving, etc.), what type of goods are being hauled, where it is being operated (are you traveling across state lines), and if you are getting coverage that protects you only while you are using the truck for commercial purposes or at all times (such as taking the truck in for repairs). And as you compare providers and policies, check with independent ratings boards like A.M. Best to see how commercial insurers are ranked. The last thing you want is to get a low rate upfront but then be faced with difficulties and disputes when the time comes to file a claim. It's worth paying a little extra to know that you'll have the support you need when a problem arises.

Do you need insurance for hauling personal items for people?

You need insurance to protect yourself from a lawsuit by private people. Since you are not dealing with vendors they nobody will probably ask you to see a copy of your policy but without insurance you are not covered. The answer would basically be the same to "do I need Homeowners insurance if i don't have a mortgage".

How do you use the word hauling in a sentence?

The truck was hauling timber to the sawmill. We called a hauling company to pick up the abandoned appliances.

What commercial beekeeping supplies are needed to start your own business?

To start your own beekeeping business you will need quite a few supplies. Starting with a vehicle for hauling equipment, hives for the bees to live in, netting to protect yourself, and even food for the bees. To get a more detailed list of supplies check out this website;

If you have four speeding tickets on your record and you want to get started hauling shot rock how can you find insurance?

You might try an insurance company named Transportation Casualty in Ft. Lauderdale, FL. They insure a lot of sand and gravel haulers.

When borrowing a pickup and hauling furniture something flew out and damaged truck He only has liability will that cover it or will your insurance have to cover it?

Liability would only cover the insured for his damage to the property of someone else. Your insurance will have to cover the damage to his truck.

How much is insurance on a semi truck?

This will depend on year and brand of truck, a driver record, number of miles truck will be driven in a year, and type of freight a driver will be hauling

Which is better 93 Silvia 93 626?

For hauling people, the 626. For hauling butt, the Silvia.

What is College Hunks Hauling Junk's population?

The population of College Hunks Hauling Junk is 654.

When was College Hunks Hauling Junk created?

College Hunks Hauling Junk was created in 2004.

What are some of the animal welfare concerns of livestock hauling?

There are many concerns for the animal welfare involving livestock hauling. The well-being of the animals can be significantly damaged by hauling animals in large quantities. Also there is concern for health problems linked to the hauling of livestock.

Companies that offer DOT number truck and cargo insurance?

I used to work for an insurance brokerage, and the company we used most often for commercial auto and cargo insurance was Western World. However, there are many aspects that will affect premiums and whether or not a company will write a risk. To clarify, it depends on the type of cargo you're hauling, weight limits, the truck itself, and how many miles are traveled... The list goes on and on. If you contact Western World, they will be able to direct you to a retail agent in your area that will assist you with the specifics.

What is the difference between general liability insurance and cargo insurance?

General liability refers to products completion and labor, while cargo is specific to transportation, such as hauling equipment or goods. The cargo insurance would kick in if there was damage to the goods in transit. General liability would cover goods in your warehouse or on the docks.

What is a trusty company for hauling service?

There are many hauling services available around the country. The most reputable of these companies is actually the U-Haul company. They offer rental vans or trucks and you can absolutely trust the drivers because it will be you doing the hauling with their hauling service vehicles.