How much is insurance for hot shotting?
Insurance policies for hotshot truckers usually range from $7,000 – $12,000 per year. The average price for hotshot insurance is $10,284. This is based on 1-truck and trailer and being new in the business. There are many factors that drive the premium, so the amount that you pay will be different.
What does hotshot mean in trucking?
What is hotshot trucking? Unlike carriers that wait to fill trailers with multiple loads, hotshot trucking generally takes incomplete or less-than-truckload (LTL) loads and dedicates the route and their schedule to a single customer.
What kind of insurance do you need for a dually?
For dually trucks or hotshot trucking, you need a specialized type of coverage called hotshot trucking insurance. This coverage is ideal for smaller trucks or those class 3 to 5 which haul loads under an expedited time frame. It extends to cover your cargo, truck, and trailer.