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Let’s assume this company has been in business for more than 1 year and is located in Monroe County, FL. All drivers hold CDL and none have any serious violations or convictions
You are insuring: 5 day cab trucks, 4 long trucks, and 2 sprinters. plus 13 trailers
4 Long Trucks are 4 class 6 three axle tractors I assume?
I assume you will run about 960,000 miles per year combined – about normal for a private carrier
You are going to also save money and not insure the trailers.
You are also going to have a SIR of $100,000 which you will secure with a LOC (letter of credit)
You need to budget about .134 cents per mile for insurance AL, PD for all the vehicles Mileage will be computed off your IFTA reports.
OK – need some workers comp? What’s your MOD rate for last year?
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