Who Needs Commercial Hauling Insurance?

Commercial hauling insurance may help provide crucial financial protection for businesses that haul goods for other entities or those that carry junk commercially.

Working with an experienced insurance agent who can help you determine the suitable types and amounts of commercial hauling insurance coverage to meet your organization’s needs is essential.

Who Needs Commercial Hauling Insurance?

If your business transports goods or materials for others, having the right insurance coverage is crucial to protect your business from potential financial risks. This type of insurance is essential for businesses transporting hazardous materials, as they are subject to additional regulations and liability.

Companies using trucks or other commercial vehicles to transport goods or materials should consider commercial hauling insurance. Also, Federal Motor Carrier Safety Regulations may require insurance depending on the commercial vehicle and cargo. This coverage can protect against accidents, theft and damage to your business vehicles. Whether you‘re a small business owner or a large corporation, having commercial hauling insurance can give you peace of mind knowing that your business is protected in the event of an unexpected loss or damage.

Types of Commercial Hauling Insurance

While commercial auto insurance is necessary, you may need more for your business needs. Our experienced team can help you get competitive quotes for appropriate commercial hauling insurance.

We can help you get numerous types of insurance coverage that may be a good fit for hauling cargo for your company, including the following:

• Contractor’s equipment
• Comprehensive coverage
• Blanket lessee
• Physical damage
• Excess liability
• Hired and non-owned auto (HNOA)
• Trailer interchange
• General liability

What Kind of Insurance Do I Need to Haul Junk Commercially?

In New Jersey, commercial auto insurance is required for any vehicle used for business purposes. The state requires minimum amounts of bodily injury liability and property damage liability coverage. Commercial vehicles weighing over 10,000 pounds must have liability policies with higher dollar limits. These limits are subject to change without notice, so consult your agent to determine how much liability insurance is appropriate for your company.

Commercial auto insurance can also help cover your business vehicles, including those used for hauling junk. In addition to providing coverage for accidents, it can also cover damage to other people‘s property, theft and vandalism.

General liability insurance is also crucial for junk hauling companies. This policy may help cover lawsuits or claims from accidents or injuries while hauling junk.

Contact Us

Contact Upix Agency in Elizabeth, New Jersey, to learn more about your commercial hauling insurance options and get personalized quotes.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.