When it comes to operating as a trucking company, one of the key considerations is ensuring that you have the right insurance coverage in place. This is no different for trucking companies that work with Amazon Relay.
In order to become an approved carrier for Amazon Relay, there are specific insurance requirements that must be met. In this article, we will dive into these requirements and discuss the cost of insurance for Amazon Relay carriers.
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Insurance Requirements for Amazon Relay
To sign up and work with Amazon Relay, trucking companies must meet certain insurance requirements. These requirements are put in place to protect both the carriers and Amazon itself.
The insurance requirements for Amazon Relay are as follows:
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Commercial General Liability: Carriers must have Commercial General Liability insurance coverage with limits not less than $1,000,000 per occurrence and $2,000,000 in the aggregate. This coverage provides protection in the event that bodily injury or property damage occurs during the course of operations.
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Auto Liability Insurance: Carriers must have Auto Liability Insurance with limits not less than $1,000,000 per occurrence. This coverage protects against claims arising from accidents involving their vehicles.
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Motor Truck Cargo Insurance: Carriers must have Motor Truck Cargo Insurance with limits of at least $100,000. This coverage provides protection for the goods being transported in case of damage or loss.
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Trailer Interchange Coverage: Carriers must have Trailer Interchange Coverage with limits of $100 per month. This coverage protects against damage to non-owned trailers while they are in the carrier’s possession.
The Cost of Insurance for Amazon Relay Carriers
Now that we understand the insurance requirements for Amazon Relay, let’s talk about the cost of insurance for carriers. The cost of insurance can vary depending on various factors such as the carrier’s location, their driving history, and the type of coverage selected.
However, to give you an idea of the potential costs, we have outlined the average monthly premiums for each type of required insurance below:
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Primary Liability Insurance: The average cost of Primary Liability Insurance, with limits of $1,000,000 per occurrence, is around $1,200 per month. This coverage protects against claims for bodily injury and property damage caused by the carrier’s vehicles.
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Trailer Interchange Coverage: The cost of Trailer Interchange Coverage is typically around $100 per month. This coverage protects against damage to non-owned trailers while they are in the carrier’s possession.
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Motor Truck Cargo Insurance: The average cost of Motor Truck Cargo Insurance, with limits of $100,000, can vary depending on the carrier’s operation and the type of cargo they transport. On average, carriers can expect to pay around $200 to $300 per month for this coverage.
It’s important to note that these are just average costs and can vary based on individual factors. Carriers should reach out to insurance providers specializing in trucking insurance to get accurate quotes based on their specific needs.
Recommended Amazon Products for Trucking Companies
In addition to discussing insurance requirements and costs, it’s worth mentioning some recommended products that can benefit trucking companies working with Amazon Relay. These products can help improve efficiency, safety, and overall operations.
Below are some top recommendations along with their Amazon links:
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Garmin dēzl OTR700 GPS Navigation – This GPS navigation system is specifically designed for truckers, providing accurate routes, truck-friendly points of interest, and real-time traffic updates.
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Rand McNally Motor Carriers’ Road Atlas – A reliable and detailed road atlas designed specifically for truck drivers, helping them plan routes and navigate efficiently.
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Truck Driver’s Daily Log Book – Designed to help truck drivers comply with hours-of-service regulations, this logbook provides a simple and organized way to track driving hours and rest breaks.
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Dash Cam for Trucks – A dash cam specifically designed for trucks can provide critical evidence in case of accidents or disputes, offering peace of mind and protection.
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Cargo Load Bars – These adjustable load bars help secure cargo during transportation, minimizing the risk of damage or shifting.
Remember, these recommendations are based on the needs and preferences of trucking companies working with Amazon Relay. It’s important to carefully consider your specific requirements and research the products thoroughly before making any purchasing decisions.
Conclusion
In conclusion, insurance is a crucial aspect for trucking companies operating with Amazon Relay. Meeting the insurance requirements is essential for becoming an approved carrier, and carriers should be prepared to invest in the necessary insurance coverage.
While insurance costs may vary, it’s important to prioritize coverage that adequately protects the carrier’s interests.
As a recommended product, we suggest the Garmin dēzl OTR700 GPS Navigation. This GPS navigation system is highly rated among truckers and provides reliable and accurate routing, offering convenience and improved efficiency on the road.
Remember, when considering insurance and recommended products, it’s essential to research and select options that best suit your specific needs.
