Whether it is a moving company, trucking, a taxi service, or another business type, owning a transportation business can be lucrative. As a business owner in the transportation industry, it is important to protect your investment with proper insurance. At Cross Insurance, we work with national carriers as well as local insurers to give businesses options. If your transportation business is located in Maine, New Hampshire, Massachusetts, or Connecticut, a local agent may be closer than you think. View our office locations here.
Many factors go in to determining the cost for insurance coverage for a transportation company. How many locations you have, what state you operate in, and how many employees you have can all influence how much you will pay for insurance. To get an idea for how much coverage for you business will cost, reach out to a local insurance agent for a custom quote.
As a transportation business owner, you have likely run through the scenarios of what could go wrong. Commercial transportation businesses should have a plan for responding to risk. Transportation businesses that should consider insurance coverage coverage include but are not limited to:
From protecting merchandise being transported, to liability coverage of your drivers, there are many risks that transportation business owners should consider. Although the individuals operating the transportation machinery are professionals, it does not mean that they are immune to risk. Whether it is protecting you against customer liability, or providing coverage for company vehicles, all commercial transportation businesses should have a plan for responding to risk. The types of risk your business is exposed to will determine what types of policies you should consider. If your transportation company has employees, most state laws will require you to carry workers’ compensation insurance. Talk with your local agent about what other policies your business should consider.
Shopping for appropriate insurance coverage for your transportation company requires assessing for risk in all areas- including cyber. If you keep sensitive client information such as phone numbers and addresses, this information can be lost or stolen in a breach. The legal fees and notification fees following a breach can have an negative impact on your bottom line. Learn more about what cyber insurance covers here.
If you are looking for an insurance quote for your shipping, trucking, or other transportation business, you likely are looking for options. Contact us today to see how we can work with your team. We have offices located in Maine, New Hampshire, Massachusetts, Connecticut, Rhode Island, Vermont, New York, and Florida.
When you are shopping for an insurance quote for your transportation business, information will need to be gathered on the size of your business, your location, and how you do business. Below is a list of a few things to have ready, although your agent may need more information.
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