General Commercial Liability Insurance Information
General Commercial Liability Insurance Information
5 Tips For Getting The Commercial Truck Insurance Quote That’s Right For You
Just how there is that perfect someone out there for everyone, there is also the perfect commercial truck insurance company from which you can purchase insurance for your big rig or commercial truck.
Before making a final decision, however, you should shop around for the commercial truck insurance quote that‘s right for you.
1) Be sure you purchase insurance only from an insurance service or company that is well-established and A-rated.
2) You’ll need to have plenty of information on your vehicles handy. Insurance companies will give you different commercial truck insurance quotes depending on how old your truck is, it’s make and model year, and so on.
3) You’ll need to decide and get different quotes for different types of insurance. For example, you’ll need at least $750,000 in liability coverage and $5,000 in cargo insurance (these are federal minimums). Be advised, though, that the industry standard is $1 million in liability insurance and $100,000 in cargo insurance.
But you also should consider getting a commercial truck insurance quote in four different areas: primary liability, motor truck cargo, non-trucking liability and general liability. These together will cover damage, theft or vandalism that occurs when the truck is moving and when it’s parked. These together also will protect the cargo/freight you are hauling should anything happen to it while you are transporting it.
4) Use the online insurance companies — the kind where you can get a commercial truck insurance quote and pay for the insurance all online without ever speaking to anyone — only to do some research. It’s best to actually take the time to talk one-on-one with someone at the insurance company before sending payment. After all, you’re going to be insuring large trucks filled with cargo. Take the time to actually talk to someone at the company. Take your time and carefully consider each and every commercial truck insurance quote you receive.
5) Finally, consider using the services of a reputable authority service for all your commercial trucking insurance needs. An authority service helps trucking companies with the necessary details that go along with operating a trucking company and some have offer insurance coverage. These types of authority services know all federal and state trucking requirements and are known for their industry expertise, so in many ways they are better sources for an affordable commercial truck insurance quote than a “simple” insurance company. They can offer you an excellent and affordable commercial truck insurance quote.
How would I go about starting a small construction business in Mississippi (1 person being me)?
Looking at maybe building decks. fences, etc…. where I can work for myself.
One possibility is to work for Lowe’s as an installer. Lowe’s requires general commercial insurance. Example;
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I. Commercial General Liability
(A) Minimum Limits:
$300,000 per Each Occurrence
$300,000 General Aggregate Annual (can include umbrella liability limits)
$300,000 Products – Completed/Operations Aggregate
Minimum Limits for Gas and Generator Installers are
$1,000,000/$2,000,000/2,000,000 & Roofing Installers
$1,000,000/$1,000,000/$1,000,000
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So my questions would be;
1) Where do I get commercial insurance from in Mississippi?
2) Were, how, and do I need to get a business license?
3) What other additional information should I know? I may decide to expand and take on employees at a later time,
Go to HTTP://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a volunteer SCORE counselor. They will guide you through the process.
SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide and is a resource partner with the U.S. Small Business Administration (SBA).
SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.