The Insurance Advisor Specializes in Transportation Insurance
Virginia dump truck insurance coverages may vary among Insurance Carriers, so it is important that you work with a professional agent for your Dump Truck Insurance in Chesterfield Virginia. The Insurance Advisor has connections with some of the leading dump truck insurance carriers, so that we can shop for the right coverages your business needs.
The Insurance Advisor works with dump truck private contractors, those who own a single dump truck, and business owners who own a full fleet of heavy-duty commercial hauling vehicles. We work with our carriers to insure Super Dump Trucks, Heavy Duty Haulers, Salt, Sand and Gravel Trucks, Six and Ten Wheelers, and more.
Dump Truck Insurance in Chesterfield Virginia – Freight Insurance Requirements
Dump truck drivers should have at least the mandatory coverage required to operate commercial vehicles. The basic policy should include bodily injury and property damage liability coverage amounts required by state law. Federal liability limit minimums for commercial vehicles are as follows:
- $750,000 to $5,000,000 depending on what is being transported
- $300,000 minimum for vehicles weighing less than 10,001 lbs. transporting non-hazardous freight
How Much Is Dump Truck Insurance in Chesterfield Virginia?
Dump Truck Insurance Premiums can vary based on a number of factors that the Department of Insurance considers. These include:
- The dump truck itself,
- What you’re hauling,
- Where you’re hauling it,
- The driving records of whomever is driving the dump truck,
- Personal items anyone may be carrying in the cab, and
- The length of time a driver has been operating the type of dump truck they want to insure.
- If you’re hauling hazardous materials, chemicals or explosives, it will increase your dump truck insurance premium. And if you haul aggregate, we recommend sand and gravel haulers insurance, too.
Most dump truck companies pay anywhere from $4,000 – $14,000 / year per truck for insurance. Most importantly, f the trucking company has been in business for 2 or more years, has a good loss history, good safety scores and experienced drivers, they will benefit with lower premiums than that of a new company with no experience.
Dump Truck Insurance Coverages
Motor truck general liability insurance: This coverage will protect you from liability for damage you cause to your customer’s property while operating your vehicle on their grounds.
Physical damage insurance: This additional coverage provides compensation for any damage to your dump truck, and is usually required by dealerships if you are leasing your vehicle.
Motor truck cargo insurance: If the cargo you will be hauling on your truck is valuable, you may be required to carry motor truck cargo insurance.
Collision insurance: This will cover the repair of damage to your dump truck if you collide with another vehicle or object.
Fire and theft insurance: This comprehensive insurance will provide compensation for damages to your vehicle from fire or theft.
Environmental insurance: This insurance will cover certain pollution-related losses and fines and the costs for restoration and clean-up, if necessary.
Rental reimbursement / downtime insurance: If your truck is damaged in an accident, this coverage will allow you to continue your business operations while your truck is being repaired or will cover business losses if continuation is not possible.
Off-season comprehensive only insurance: If your business is seasonal, this will save you money while protecting your vehicle while it is not in use.
Non-trucking insurance: This coverage is designed for independent owner/operators with contract jobs. It provides liability insurance if you should be involved in an accident in your truck during off-work hours.
We’re Not Like Other Insurance Agencies
Dump truck owners are required to have a financial responsibility filing that shows proof they are properly insured to protect them and other drivers from such high-risk situations. Our agents have the knowledge to assist drivers with the state and federal commercial auto insurance filings and will be happy to assist you with the filing process.
- BMC-32 filing
- BMC-34 filing
- BMC-91 and BMC-91X filing
- MCS-90 form
- Intrastate Truck Filings
- Form E filing
- Form F filing
- Form H filing
- Form K filing
Contact one of our licensed insurance agents to schedule a free insurance evaluation or call now (804) 638-9024.
Dump Truck Insurance Resources
Federal Motor Carrier Safety Administration
US Department of Transportation
The National Transportation Safety Board
Directory of State Patrol and State Police
Virginia State MVRs