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Many businesses rely on the timely delivery of goods. And what these businesses dread most is when goods get stuck in the inventory because of the shipper’s delays. Luckily, a hotshot trucker or hot shot trucking company is always to the rescue.
Thats where hot shot trucking insurance comes in. Carriers offer insurance for hotshot trucks, hot shot hauling companies, and hot shot trucks drivers. Read this article to know how much does hot shot insurance cost, what is hot shot insurance, and where to get cheap hot shot insurance.
Hot shot service pertains to the different activities associated with the hot shot trucking industry. Therefore, if asked what is hot shot service or what is hot shot services, experts will talk about hot shot broker service, hot shot shipping service, hot shot driving service, and so on.
In hot shot trucking, owner-operators or hot shot companies prioritize the shipping of small batches of freight or cargo which needs to be delivered immediately. Also, deliveries are completed within tight deadlines.
Aside from what is hotshotting. Hotshot drivers can also be amateur drivers owning other types of registered hot shot vehicle and want to make extra money through hot shot towing.
To make it easier to understand, hot shot drivers are either trucking hot shot owner-operator freelancers, independent drivers, or operators working for companies that offer hot shot pickup services.
If you’re thinking about getting involved in hot shot trucking right now, you’re probably asking “ do you need cdl for hotshot ?”. Hotshot trucking heavy loads always require a CDL to ensure that the driver has the necessary training, experience, and skill.
What’s a hotshot truck? There are also many definitions as to what qualifies as hotshotting trucks or hot shotting vehicles.
In hot shotting, the type of vehicle to be used for hot shot trucking jobs isn’t an issue. What’s important is that it has the necessary power and torque to pull freight.
As a result, specific pickup units are now called hotshot pickup truck – meaning pickup trucks highly suitable for hotshot trucking. Examples are the RAM 3500 BIG HORN, NISSAN TITAN XD, RAM 2500 BIG HORN, and GMC SIERRA 3500.
Hotshot insurance is a broad term for the protection insurance companies provide to hot shot drivers, hot shot trucks, hot shot brokers, and hot shot companies. And so, hot shot insurance can be classified as:
So what’s a hotshot driver insurance? Insurance for hot shot trucking drivers is a specialized insurance policy for those operating hot shot pickup trucks or cargo vans.
A typical insurance for hotshot trucking drivers is composed of general liability insurance, professional liability insurance, loss of income coverage, self-employed workers comp insurance, drivers tools and equipment coverage, and legal defense coverage.
A basic general liability policy included in commercial insurance for hotshot trucking drivers will help deal with property damage lawsuits and personal injury lawsuits resulting from reckless driving behavior.
A hot shot drivers general liability insurance included with advertising injury coverage provides protection from:
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Commercial driving license insurance is a policy that consists of driver’s personal injury coverage, physical damage coverage, and third party bodily injury liability coverage.
This insurance will take care of your injuries and the injuries you caused to third parties. CDL insurance requirements for hot shot trucking are $1 million hotshots auto liability coverage and $1 million physical damage coverage.
The policies included in non cdl hotshot insurance cost are the same as the policies included in cdl hot shot insurance – driver’s personal injury coverage, physical damage coverage, and third-party bodily injury liability coverage. Non cdl hotshot insurance requirements are $1 million auto liability and $1 million physical damage coverage.
Hotshot truck insurance, otherwise called hot shot pick up truck insurance, consists of policies that provide coverage to the hotshot pick up truck and trailer; the hot shot trucking business driver or the hotshot company owns.
But note that regardless of its name, commercial insurance for pickup trucks for hot shotting can also cover other vehicles used for hot shot trucking such as hotshot cargo vans and cars. That being said, let’s discuss the policies included.
Auto liability insurance for hot shot pickup truck functions to cover legal responsibility for third party bodily injuries and property damage if the driver caused an accident while on the way to deliver freight or cargo. In practice, this type of pickup trucks insurance coverage applies when:
Carriers offering business insurance solutions also provide coverage for hot shot companies. Insurance for hot shot business typically includes commercial property insurance, workers comp insurance, and general liability insurance.
Hotshot load insurance is a policy that provides coverage to the cargo and the hot shot trucking driver or trucking company. This can be classified into two types; hotshot cargo insurance and hot shot commercial freight insurance.
Commercial freight insurance provides coverage to the hot shot trucker or trucking company. In essence, the policy shoulders the responsibility of the policyholder to compensate clients when the freight or cargo got damaged while in transit.
On the other hand, cargo insurance for hot shot or simply hot shot cargo insurance covers not only client compensation but also the full value of the client’s goods. Therefore, cargo insurance is more comprehensive than freight insurance.
Experts have different views about the correct boc-3 definition. However, in essence, a BOC 3 allows hot shot load brokers to accept shipping documents and represent hot shot trucking companies, then accept projects on their behalf.
Hotshot requirements for those running a hot shot trucking company are; the type of insurance policies and the minimum amount of coverage mandated by state laws; business permits, business plans, motor carrier policy (optional), and employee records or list of hired contractual hot shot owner operator.
non cdl hotshot insurance requirements for Driver include a non-cdl or cdl driver’s license, minimum auto liability insurance, and certificate of insurance.
Note that the purchasing of auto liability insurance is one of the hot shot trucking requirements florida and other states of the US.
Workers comp insurance is mandated by law for businesses that employ a lot of people and a hot shot company isn’t exempt from getting this as one of the insurance requirements for hot shot trucking.
To protect customers, hot shot trucking companies might also be required to get $100,000 cargo insurance and storage keepers or warehouse keepers insurance.
Other insurance requirements are as follows:
So how much is insurance for hot shot trucking?
What is the average pickup truck insurance cost for those engaged in hot shot trucking?
For further reference, here’s a table showing the hot shot trucking insurance rates of the most recommended carriers:
| Monthly Rate | Annual Rate | Best for | |
| CoverWallet | $210 | $2,520 | Cheap hot shot insurance and hot shot insurance quotes comparison online |
| Thimble | $325 | $3,900 | Short term insurance policies for hot shot drivers |
| Geico | $478 | $5,736 | Cheap stand-alone commercial auto insurance for hot shot companies, owner-operators, and brokers |
| Progressive | $546 | $6,552 | Comprehensive hot shot insurance policies |
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Here’s a brief review of the best hot shot insurance carriers according to third-party watchdogs and user reviews.
CoverWallet Policies includes in its hotshot insurance quotes are general liability, physical damage coverage, cargo insurance for pickup, and workers compensation policies.
By the way, CoverWallet also offers high risk commercial truck insurance for expedited truckers.
Average cost: $210 per month
Thimble doesn’t have a specialized hotshot carrier insurance policy. However, you can still get covered through its trucking insurance program.
Thimble works best for hot shot drivers. Policies available are general liability and professional liability insurance.
Average cost: $325 per month
Our rating: 10/10
There’s no such thing as geico hot shot insurance. Geico doesn’t provide tailored hot shot insurance. However, it provides cheap commercial truck insurance for standard trucking and hot shot trucking businesses.
Average cost: $478 per month
Progressive is one of the best hot shot truck insurance carriers in the US. Policies included in its hot shot insurance for pickup trucks are auto liability, trailer interchange, non trucking liability , and cargo insurance policies.
This company also offers mcs 90 progressive for hot shot trucks used for carrying hazardous LTL loads. Note that mcs-90 progressive can be endorsed to hot shot insurance purchased from another company.
Average cost: $546 per month
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
9.4 / 10
Fastest ever online insurance quote and purchase! Also, great rates and professional customer reps that helps with whatever you need, if you need. Nice company!
2.8 / 10
Embroker sells a product that it doesn't honor. We purchased a combination D&O and EPLI policy. However, when it came to renewal, it told us that we only had D&O coverage even through our ACCORD certificate clearly mentions we have both. Basically they refused to honor the EPLI coverage and will leave you hanging with the bag. At time of renewal, they more than doubled our quote to get similar coverage. Basically BAIT & SWITCH. Unacceptable tactics. Easy to buy and pay but you may not be... Read More
2.8 / 10
Great platform. Terrible policy. There is no teeth behind it. No coverage. It's a fake policy that they sell. Sold us an EPLI policy that later we came to find out had no EPLI coverage. Amazing that they can get away with outright fraud. Check the positive reviews. They are all 'Anonymous' posted by Emroker staff. Stay away and find a real policy that will actually provide you coverage. We've been bitten by them and hope to find restitution via a lawsuit.
Paul Burns Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
It has been 70 days since I made a claim on the roof of my building. No one from the company will return calls. We are in hurricane season and located in Louisiana. My building is tarped to secure it.
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
They are the worst, my truck was hit in January 23 and the claim adjuster has not been out to this very day! They have every excuse in the book as to why. They have not been to the collision shop. PLEASE AVOID THESE SCAM ARTIST!
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Avoid these SCAM ARTISTS! They don’t pay claims!!! Save yourself the trouble and money!
Kasey Arey Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
This company gives you a price that was in place for a year and when you have to use it there is fine print were they can go back and charge you more. Would not recommend them to any one. Crooks
John Murphy Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Worst insurance comapny I have ever dealt with. A commercial vehicle represented by GUARD t boned my wife and daughters family vehicle in the middle of the day. Driver was cited and insurance claim insued. Fast forward 4 months and refusal of full amount of claim is still happening. Driver was found guilty, repairs started on my vehicle and when it comes to the final bill and diminished value we cannot get any help. I am out a family car, have an injured and traumatized wife and children,... Read More
Harshadray Patel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Extremely bad service, when you call , will make you wait on the phone for ever (over an Hour) and still no one to answer , so you end up hanging up. To cancel the policy, bounce you from one department to the other. They are supposed to refund from the date other insurance started and after sending the proof of other insurance policy, still they did not refund based on that actual date instead they use the date i managed to get hold of them. They charged me $7000.00 for a year's insurance on... Read More
Aaron Wensel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Guard Insurance is terrible. They were so bad I cancelled them because them couldn't figure out why I would never get a paper copy of the bill . Verified my address with them and still intermittent billing. I cancelled them in March through my local broker. Today 6/27 I get a letter in the mail from a collections company saying I owe 87.97. This was the first myself or my broker heard of owing this money. Here is some advice for this failure of a company send me a god damn bill and I will pay.... Read More
Michael Swink Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
My employer had to have workers compensation by law. He obtained a policy through this Berkshire Hathaway GUARD and they failed me. I fell from a ladder and fractured my spine in 7 different places, my clavicle in 4 places, and the base of my skull. Going to my Dr visits I was prescribed medication for pain and the insurance company placed a pre-authorization hold on me picking up the medication from Walgreens. The hold lasted 5 days! My weekly benefits have never been on time, right now... Read More
10 / 10
Liberty Mutual is one of the more simple companies to deal with. I had to file a claim for my business owner policy after I caught one of my employees stealing a large amount of products from my business. Liberty mutual paid the claim fast and with no efforts. I wish the legal process was as easy…
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
9.4 / 10
Very pleased with Hiscox - their small business insurance rates are very good and they specialize in small business which gives me a peace of mind as a small business owner. So far so good!
10 / 10
Their customer service is absolutely fantastic. Very patient, knowledgable and provided excellent explanation of the purchased policy. I would highly recommend this insurance company to anyone that's looking to protect their business from unexpected expense. Thank you Hiscox for doing a great job for my business!
0.6 / 10
STAY AWAY! I wouldn't recommend hiscox small business liability insurance to anyone. Better not waste both your money and your time. Hiscox customer service is extremely unpleasant, not organized and not professional. It is the worst company we have dealt with in almost 25 years in business!
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Extremely fast and simple. Wasted a lot of time and money until I found these guys! I feel like my business is in good hands now.
10 / 10
Hiscox's the best! My business is insured with them for over 12 years and am not planning to switch!
10 / 10
Excellent experience with Hiscox BOP for my coffee shop. They provided all it needed.
10 / 10
My HI barbershop is well covered with their great BOP product for 5 years already! not planning to switch!
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
10 / 10
Great experience
6 / 10
Didn't relate to the concept much, but it makes sense if you need insurance to go
0 / 10
It doesn't really feel sustainable to me and doesn't offer business interruption, product liability and commercial property insurance. They have no local agents and despite their technology first approach you cannot file claims online. Additionally, product manufacturers are not covered by Thimble and they don't provide enterprise solutions.
10 / 10
As a contractor that works 3 times a week for a few hours, Thimble gets really handy for me and saves me money. I have no use for these massive business insurance coverages offered by traditional insurance companies.
10 / 10
Excellent concept which is useful to many small businesses!
10 / 10
Been waiting for this type of solution for a long time!
10 / 10
Love their business insurance solutions for freelancers! Great app!
Not all those who wander are lost.
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