Kissimmee, Fla. —Businesses are subject to rules and regulations from federal and/or state agencies, and the trucking industry is no exception. In addition to all the new laws and regulations the production of goods and local shipping will be of utmost importance to boost the United States’ economy. It is expected that by 2045, the American population will grow by more than 70 million and freight volume will increase by more than 40%. This gives us an idea of just how vital the service industry will become—and that it is why new laws need to be designed in order to help the industry perform its services even more safely and efficiently.
For decades, the trucking industry has been driven out of business because unscrupulous claims were allowed to take advantage of an unfair judicial system.
It took many years of hard work, but on March 24, 2023—the American Trucking Associations (ATA) applauded Florida for enacting House Bill 837.
Phantom damages among other claims created a widespread climate of lawsuit abuse that sent insurance rates soaring to unsustainable levels, adding a new layer of stress to the supply chain. The effect not only impacted the trucking companies, but the end consumers felt it through higher prices for everyday goods.
According to ATA, the new law increases transparency in civil proceedings by curtailing the ability of plaintiffs’ attorneys to introduce fictitious and inflated medical bills at trial. ATA noted that Florida is the latest among a growing number of states — including Iowa, Louisiana, Missouri, Montana, Texas and West Virginia — that have enacted other and similar lawsuit abuse reforms.
Choosing the right type of commercial truck and cargo insurance protects you from having to pay for repairs, medical bills or lawsuits caused by an accident, the cost of repaying for damage commodities, it can protect you against uninsured drivers, and most importantly it secures the lifespan of your business. If your company operates one or more trucks, here are the types of business auto insurance you need to carry:
- Auto Liability
- Physical Damage Liability
- Motor Cargo Insurance
- General Liability
- Trailer Interchange (if needed)
- Federal Fillings (if needed)
- Inter modal (if needed)
Our Orlando location has served the insurance needs of the Central Florida community for over 12 years, by offering a full spectrum of truck insurance products and services for owners operators, and small to large fleets. As a local independent insurance agency, Kissimmee Truck Insurance works with top insurance companies in the market, so we can provide you with the right tools to make the best decision at the time of purchasing insurance coverage that truly matches your business’s needs. From Commercial Auto Insurance and/or Contractor Insurance, to Truck Insurance.
Talk to our fully bilingual, and experienced agents from Kissimmee Truck Insurance and let them know what your needs and priorities are. Give us a call today at (407) 203-7085— for an initial consultation and quotes from multiple insurance carrier choices who support us in Florida!