Get your DOT number even if you’re not ready to get your CDL yet, insurance companies are nervous about ensuring new authorities or new ventures.
Check the insurance rating, not all insurance companies are created equal, check the rating of the insurance company on ambest.com.
Get the right liability insurance amount, the FMCSA requires you to get $750,000 in liability insurance, but brokers have their own requirements for insurance, 99% of brokers require $1 million in liability insurance, $100,000 in cargo and reefer breakdown insurance.
Don’t overlook the radius of operation, new companies will go out get an amazing insurance quote without realizing that they’re limited to a 250 mile radius.
Get your insurance when you’re ready, but don’t wait too long or you will pay more for it, as the longer you wait, the more expensive it will be.
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