Florida Junk Haulers Insurance
Insurance is a necessity for any business. It provides protection against liability and damages that could happen to the company.
Florida Junk Haulers, on the other hand, should be aware of the limits of their insurance coverage and how it can affect their business in case of an accident or incident.
Florida junk halers make multiple stops per day opening them up to traffic accidents at a higher frequency than say a retail store.
In addition junk haulers go into peoples homes and businesses daily to remove junk. That opens them up to other protentional liability that other service businesses are not exposed to. Having the right coverage is paramount and can save you from exposures and risks that other businesses don’t have.
It is important for Florida Junk Haulers to understand that there are different types of insurance coverage for trucks and trailers. Gross vehicle weight (GVW) refers to the weight of a truck or trailer plus its load.
Liability limits are the maximum amount that will be paid out by an insurer in the event of an accident or incident.
Florida Junk Haulers should also understand that some insurance policies are more expensive than others. Insurance may also cost more for trucks with a higher GVW. If a truck meets or exceeds the GVW requirements of 26,001 pounds, it will likely have to pay extra in order to be insured. It is important that Florida Junk Haulers consider the cost of insuring their truck along with other policies that may need to be in-force to protect the business and the business owners assets.
Florida Junk Haulers insurance is necessary to make sure that your company is covered, especially if you are transporting items that weigh over the legal limit.
In todays world it’s a good idea to look at the insurance policy limits and make sure they are correct. If they are not, it may be time to call your agent and ask to review the insurance policies to see if you can get a raise in the limits.
It’s also important to check your insurance policy at least once a year to make sure there is nothing that needs adjusted.
If you want to save money on your Florida junk hauling insurance policy, it’s recommended that you bundle your policy and get the most appropriate coverage for your company.
There are some companies that are able to get discounts when they bundle their insurance policy with their Florida junk haulers Umbrella policy or General Liability policy.