If you are currently in the trucking business or looking to do a startup business in the future, you need to invest in the right type of insurance protection. Protection for your livelihood is key if you want to be successful in your business so it is essential to find the best insurance for a value you can afford. Imagine starting a new trucking business and beginning the search for insurance only to find the one that sounded too good to be true was a “cookie cutter” insurance policy that provided many holes in the coverage you needed. Before you sign on the dotted line, beware and try to know trucking insurance and common mistakes people make.
Some Common Mistakes You Can’t Afford to Make When Purchasing Trucking Insurance
The search for trucking protection doesn’t have to be complicated if you are aware of some common mistakes people make when looking for the right type of protection for their trucking company. Below are some common scenarios to watch for, but not limited to:
Buying online insurance without assistance– While it may sound like the easiest approach to getting insurance, it may not be the best avenue for a trucking company to take. The trucking business has many specific and unique risks that need to be acknowledged and addressed by a broker who understands your unique business concerns. Trying to sort through the different coverage options, limits, exclusions, and provisions of a trucking insurance policy can be difficult for someone who doesn’t specialize in that. Having inadequate or insufficient coverage at a time when you need it the most may end up costing you an exorbitant amount of money in the long haul. If you have any questions or concerns about getting the right insurance for your trucking business, Paramount Insurance Agency can work with you and for you to making sure you have the right type of trucking insurance protection at a price you can afford.
Purchasing the cheapest insurance- You have heard the ads…guaranteed coverage for the cheapest price around, but is it worth the risk? Understandably, nobody wants to overpay for insurance, but consider this for a moment. You decide to go with that advertised insurance because your business has been losing financial ground these last few years, so in an effort to save some money, you sign on the dotted line with that cheap insurance. Initially, it worked out fine until you sustained a catastrophic loss. Then you found out your limits were too low to cover the claim and YOU were left in a position to pay the balance of the claim out of your own pocket. Was it worth it?
Purchasing insurance through a general insurance agency- Would you trust just anybody to work for you and expect to have superb work performance? No, and the same goes for letting just anyone assist with your insurance protection. Getting assistance in finding the right type of insurance is invaluable so avoid using a general insurance agency. Yes, they can sell trucking insurance, but it may not be the right fit for your specifics risks and needs pertaining to your unique trucking business. Instead, work with an agency that specializes in trucking insurance policies. They have access to specialized markets and can shop many more coverage options with top-of-the-line insurers to offer you the best protection at an affordable rate.
Paramount Insurance Agency understands all your trucking insurance needs and can assist you TODAY. Because we are an independent N.C. insurance agency, we can do the work with you and for you to ensure you have the right insurance protection in place when you need it the most. Call us at 866-869-3335.