Starting a small business? Help for first time trucking company owners

Posted on by agentinsure

Starting a small business is exciting. You get to work for yourself and can enjoy all the freedom that comes with being your own boss. Many people choose to start a small trucking company as their first small business. Starting a commercial trucking company though comes with many regulations and insurance requirements that first-time business owners should know. Below, we have outlined some important pieces of information you should be aware of before starting your trucking company.

MC Number

For a trucking company, your MC number must be active if you plan on operating as a for-hire carrier. After you buy a BOC-3, your MC number becomes active 15 days later after your insurance company completes the appropriate filing.

Interstate vs. Intrastate

It is important to know the difference when starting a trucking company. Intrastate means that you are traveling within one particular state. Interstate means that you plan on traveling across state lines.

Coverage

The most important thing to know when starting a small trucking business is the amount of coverage that is needed. For commercial liability, it is recommended to at least carry a minimum amount of insurance coverage.

The residents from Poteau, OK know that insurance is of vital importance, especially when starting their own small trucking company. At the Owens Agency, LLC, we can help advise the citizens of Poteau, OK with what type of trucking insurance coverage to get. The experts at The Owens Agency, LLC are trained experts in insurance policies and can help get you started today. Feel free to call the agents at The Owens Agency, LLC today to update your coverage or get started with brand new trucking insurance policy.  

Types of Home Insurance Riders

Posted on by agentinsure

When basic home insurance doesn’t cover something or only partially insures it, a rider can provide a way to gain coverage without buying another type of policy. Riders are add-ons that enhance standard homeowner insurance policies in various ways. Here are a few to ask about:

Belongings

Waldron, AR, Poteau, OK, or Mena, AR homeowners with valuable jewelry, firearms, furs, antiques or computers may find that their insurers don’t fully cover such possessions. Personal property riders add coverage for these and other high-value items.

Flooding

Floods sometimes inflict considerable harm upon Arkansas and Oklahoma homes. Although they frequently cover storm-related damage, basic home policies normally don’t insure dwellings against flooding. Fortunately, it’s possible to gain financial protection by adding this type of insurance.

Earthquake

Most people in Arkansas seldom worry about seismic activity. Nevertheless, earthquakes have occurred in this state’s history and caused significant destruction. Property owners can gain a peace of mind by requesting earthquake riders when they obtain insurance.

Landslide

Standard homeowners insurance normally won’t pay to repair dwellings damaged by landslides. Both flooding and earthquakes can trigger these disasters. They have struck numerous parts of the Natural State. A landslide rider may cover your personal belongings and/or the entire house.

Back-Up

When sewage backs up through a home’s drains, this can badly damage the building and its contents. Rugs, flooring, appliances, and furniture often must be replaced in this situation. Homeowners may need special coverage to qualify for compensation from an insurer.

Business

Numerous Arkansas and Oklahoma residents run small businesses in their homes. However, basic insurance might not cover valuable equipment. Specialized riders add coverage for home businesses. They can also provide liability protection if customers visit the house.

Rider availability varies depending on your location and insurer. The Owens Agency, LLC can help you find a policy with the right coverage options. We compare policies from an assortment of dependable carriers. Please dial 479-637-2207 to reach The Owens Agency, LLC in Waldron, AR.