Starting your own car-hauler company means being your own boss, working in a field you enjoy, and owning a thriving business in Orlando. The key to any successful business is a failsafe insurance plan to protect you from potential losses. Insurance is especially important in industries involving a fleet of commercial vehicles, as the risk of accidents is relatively high. Before you embark on your journey as a business owner, make sure you get the right car hauler insurance in Florida.
Obey Vehicle License Requirements
First and foremost, make sure you (and your drivers, if you’ll be hiring) have valid commercial driver’s licenses for the State of Florida. If you don’t have one, car hauler insurance rates can be sky high. You could also be at risk of penalties and legal trouble if you try to operate a commercial car-hauler without proper licensure.
Get the Equipment Your Car-Hauler Will Need
To start out, you will need to figure out the type of truck/trailer you want, as well as what equipment to stock. Your equipment will depend on the type of hauling you plan to do. A larger carrier is best if you want to perform long trips. If you’re sticking to the South Florida region, a 3/4 car setup might be more efficient. A smaller upfront investment is wiser as you first start out. You will need to map out your car hauler insurance in Orlando, Florida according to the equipment you need covered.
Sign Up for the Right Insurance Policy
Once you have your license and your vehicle, it’s time to shop for car hauler insurance in Orlando. This step is vital in protecting your company from liability in the event of an accident. If you crash your car hauler or one of the vehicles you’re transporting otherwise gets damaged, the out-of-pocket costs could be great enough to put your fledgling enterprise out of business. Protect your assets with an insurance policy that fulfills minimum requirements and takes into consideration special coverage you might need.
Fulfill Other Legal Requirements
Tie up your loose ends by officially incorporating your car hauler business, getting your MC and DOT numbers, filing your UCR registration, getting your IFTA, and fulfilling other Orlando, Florida small business requirements. Then your business is ready to hit the road!