Log Truck Insurance

To operate in Florida, log truck drivers have to obey all federal and state rules. One such rule is to maintain a log truck insurance policy with certain minimum coverages. Driving without proper logging truck insurance in Florida is against the law and can lead to driver and company penalties. Here are four things about log truck insurance Orlando truckers must know:

1. Type of Logging Truck Insurance You Need

Florida statutes require minimum liability insurance limits on all commercial motor vehicles. Truckers must maintain the minimum level at all times or face penalties. The law requires different levels of insurance depending on the type of goods the truck transports. The minimum requirement for log truck insurance in Orlando, Florida is $750,000 for general liability.

2. The Average Cost Per Logging Truck Accident

Logs can weigh more than a ton each and stretch from 20 to 100 feet long depending on the tree. Risks of cargo tipping and load losses are higher than typical cargo loads. The load itself can also sustain damage in an accident, including fire damage. Thus, the costs of these types of crashes are typically high. The average cost per truck accident is $148,279. Truck drivers can protect their assets by obtaining the correct insurance.

3. The Price of Logging Truck Insurance in Florida

There is no set price for logging truck insurance in Orlando, Florida. Instead, you will need to request a quote from multiple companies and compare. The cost of your insurance will depend on the size of your truck, it’s year and model, and your accident history. Currently, the estimated annual premium for a four-man logging crew is $1,500 to $2,000. The price for general liability insurance has remained mostly steady in the last 20 years.

4. How to Choose the Right Insurance Company

As a log truck driver, your goal is to transport goods while minimizing your liability for accidents as much as possible. While safe driving will help you prevent accidents, you can’t control what other drivers do on the road. If you get into an accident, you’ll be thanking yourself for maintaining proper insurance coverage. Choosing the right provider of logging truck insurance in Orlando is important for the experience you’ll have in the event of a crash. Select an insurance company you can trust.

Sources:

http://www.flhsmv.gov/fhp/cve/2013TruckingManual.pdf
https://loggingsafety.com/logging-safety-resource-guide/transportation/
http://www.fdot.gov/maintenance/OWODPermits.shtm
https://www.forerunnerinsurance.com/commercial-truck-insurance-for-semi-trucks/