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Hotshot trucking includes hauling loads of various commodities from point A to point B in a timely manner due to the time sensitive nature of the shipments. Hotshot truckers will typically use non-commercial vehicles such as medium duty pickup trucks or duallies to pull various trailers such as gooseneck trailers and dovetail trailers.
Hotshots can hauling a wide variety of commodities. More than likely you’d find a hotshot trucker hauling general freight but they have also been known to haul flatbed commodities such as building materials, light machinery & equipment, pipes, lumber, etc. They will even haul much larger commodities such as automobiles. Hotshot operations are very appealing to those looking to get into the trucking industry as hotshot trucking is a very versatile type of trucking operation.
Since hotshot operations are done with a dually, you do not need state filings unless your vehicle is above 26,000 lbs or you are going to be crossing state lines.
Hotshots will tend to get their state’s required limit unless they have a contract from a shipper that requires a higher limit.
Typically a state will require Primary Liability coverage of $750,000 Combined Single Limit (CSL) if the vehicle is over 26,000lbs while shippers will sometimes require Primary Liability coverage of $1,000,000 Combined Single Limit (CSL) regardless of weight.
Insurance for hotshots varies depending on what you are hauling and who you are hauling for. Let’s say that you are hauling a backhoe for your construction business on a goose-neck trailer attached to the dually. You will be paying around $1,500 annually as opposed to the company that hauls construction equipment for a fee. Those hotshots that haul for a fee are more likely to pay around $7,500 for the year. It’s very important when speaking to a truck insurance agent that you let them know what you will be hauling with the dually, if it will need a trailer and if you are hauling it for a fee or for your own company. If you have an MC Authority you are required to have a minimum of $750,000 in liability limit of $750,000, however most brokers and shippers wont do business with transportation companies unless they carry $1,000,000 in liability.
Gold River Insurance Brokerage is a full-service independent brokerage in Brooklyn, NY.
60 Rutledge Street
Brooklyn, New York,
11249.
4348 W Cheyenne Ave, N Las Vegas, NV 89032
[email protected]
212-493-3322
718-298-2045