Small but Important Detail – Insurance Coverage
Insurance is one of the expenses that everyone hates but is a must have. I am not just referring to truck insurance or health insurance. I am referring to the coverage and protection of the freight being hauled. In the event of an accident, sometimes the insurance will cover it, but often it only covers vehicles and personal injury. It might not cover the freight being carried. So guess who pay? You do!
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There are different insurance plans and rates depending on a variety of things. It ranges from the merchandise being hauled to the actual coverable material. Also your deductible will vary with your plan, the higher your deductible, the lower your monthly premium. Just be sure you can cover that cost in the event of an issue. Either way you must have insurance.
Other thoughts
With the added regulations imposed on the trucking industry there have been many limits imposed on the drivers. One of the most obvious was in July 2013, when the Federal Motor Carrier Safety Administration (FMCSA), ‘federal hours-of-service’ went into place. It effectively eliminated the 34 hour ‘restart’. As you know, drivers have a 70 hour per week cap regarding how much time they can be on the road. Before that they could reset their cap to zero, if they had 34 consecutive hours off. But that has changed and they are no longer allowed.
