Commercial auto insurance is necessary in Florida for all businesses that use any type of vehicle. Junk haulers rely on trucks for their business, and this means that they are at a higher risk if they fail to get a Business General Liability Insurance in Florida.
The post will discuss the risk for junk haulers if they fail to get a commercial vehicle insurance in Florida.
Legal Requirements and Consequences of Operating Without Commercial Vehicle Insurance in Florida
In Florida, any business that has vehicles should have auto liability insurance. Operating without insurance means that your business will likely face financial and legal consequences.
Operating without the Junk Hauler Commercial Vehicle Insurance can lead to the suspension of your license for approximately three years, and you will need to pay a reinstatement fee of one hundred and fifty dollars. The reinstatement fee for repeat offenders is five hundred dollars.
The Risks of Not Having Commercial Vehicle Insurance for Junk Haulers
In a scenario where your vehicle gets into an accident while on its way to a dumpsite and is deemed to be the faulty party, the absence of a Junk Hauler Commercial Vehicle Insurance puts the business at risk. Without the insurance, the company will have to pay for injuries and damages from their own pocket and this can put the company out of business.
Types of Coverage Available for Commercial Vehicle Insurance
Florida laws define the minimum coverage for commercial vehicle insurance. Vehicles transporting hazardous materials and passengers require comprehensive coverage. Basic insurance covers 60% of lost wages, 80% of medical bills, property or vehicle damage, and a five-thousand-dollar death benefit.
Businesses can get additional coverage including car rental, medical payments, collision, labor, towing, gap coverage, and non-owned auto.
Choosing the Right Coverage for Your Junk Hauling Business
Junk hauling businesses require collision coverage to help pay for repairs and for vehicle replacement to ensure that the company continues to operate even after an accident regardless of the party at fault. The business should also consider unloading and loading coverage which protects them from damage of equipment during unloading and loading junk.
Finding the Right Provider for Your Commercial Vehicle Insurance
Comparison is essential before selecting a commercial vehicle provider. Compare plans to ensure you get the best policy that fits your business needs. Consider the discount provided by insurance companies like voluntary deductibles, NCB discounts, and anti-theft devices to ensure that you get the best deal.
How Exclusive Programs Can Help
If you’re looking for the best Junk Hauler Commercial Vehicle Insurance in Florida, Exclusive Programs can assist you to get the best deal that is within your budget. We value great relationships, and it is a key aspect for our business.
Please contact our Wasteguard program manager today to set up an appointment.
