New Venture Truck Insurance

Starting a Trucking Business Comes With Unique Insurance Challenges

Launching a new trucking operation is very different from renewing an existing policy.
Insurance carriers evaluate new ventures based on risk assumptions rather than operating history, which makes proper placement critical during the first 12–24 months.

Many new authorities are delayed — not because they lack drivers or equipment — but because their insurance is structured incorrectly during the underwriting process.

At Orlando Truck Insurance, we work directly with markets that understand startup operations and are designed to insure new ventures entering the transportation industry.

What Is Considered a “New Venture” in Trucking?

In commercial transportation underwriting, a new venture is defined as a business that:

✔Has been operating less than two years

✔Recently obtained a USDOT or MC Number

✔Has no prior commercial trucking insurance history

✔Is transitioning from company driver to owner operator

✔Is forming a new entity to contract freight independently

Because there is no loss history to evaluate, insurance carriers rely heavily on driver experience, equipment type, radius of operation, and commodity hauled.

This is why working with a transportation-focused agency matters.

Insurance Requirements to Activate Your Authority

Before your authority becomes active, insurance filings must be submitted correctly and meet federal and contractual requirements.

Most new ventures require:

✔$1,000,000 Auto Liability Coverage (FMCSA Required)

✔Motor Truck Cargo Coverage (Broker Required)

✔Physical Damage Coverage for Financed Equipment

✔General Liability for Contractual Work

✔Non-Trucking Liability for Off-Dispatch Use

✔Trailer Interchange (when pulling non-owned trailers)

Incorrect filings can delay authority activation, causing missed load opportunities and startup revenue loss.

We manage this process to ensure filings are completed accurately and submitted on time.

Why Many New Ventures Struggle to Get Approved

Standard insurance agencies often approach new ventures using markets designed for established fleets.
This leads to:

✔Declinations due to lack of operating history

✔Misclassified risk profiles

✔Unrealistic premium expectations

✔Filing errors with FMCSA

✔Delays that prevent authority from going active

New venture underwriting requires a completely different carrier strategy.

We work with insurance companies that specifically evaluate startup transportation risks rather than avoiding them.

Factors That Impact New Venture Insurance Premiums

Insurance pricing for first-year trucking companies is determined by multiple operational factors:

✔Driver CDL experience and MVR history

✔Prior employment with regulated carriers

✔Equipment type (tractor, box truck, hotshot, etc.)

✔Operating radius (local vs. interstate)

✔Commodity hauled

✔Garaging location

✔Safety compliance structure

✔Business formation details

Understanding how to present these factors properly can significantly affect approval outcomes.

We Help Structure Your Policy for Real-World Operations

New ventures don’t just need insurance to satisfy FMCSA.
They need coverage structured to work with brokers, shippers, and contracts.

Our agency helps align coverage with how you will actually operate, including:

✔Broker contract insurance requirements

✔Certificate turnaround for load boards

✔Scaling policies as your fleet grows

✔Adjusting coverage as you add drivers or units

✔Planning transitions from startup phase to standard markets

This prevents costly restructuring during your first renewal.

Who This Program Is Designed For

Our new venture insurance solutions support a wide range of startup operations:

✔First-time owner operators launching their own authority

✔Independent drivers leaving leased-on positions

✔Amazon / last-mile delivery startups

✔Small fleets expanding under a new entity

✔Contractors entering regulated transportation

✔Entrepreneurs building logistics companies from the ground

Why Work With Orlando Truck Insurance

We focus exclusively on commercial vehicle and transportation insurance.
This allows us to navigate new venture placements efficiently and avoid the trial-and-error approach common with general agencies.

Our team understands:

✔FMCSA filing requirements

✔Transportation underwriting expectations

✔Startup risk evaluation

✔Compliance timelines

✔Florida-based operating environments

We help new trucking businesses move from formation to operation with coverage designed for long-term growth.