Commercial Truck Insurance: Should Agents Hope on the Ride?
How big is the market?
For independent agents like you who are interested in making it big in the insurance industry, commercial truck insurance is your best choice.
With e-commerce on a constant rise, this market has seen tremendous growth in recent years.
Up to 70% of freight movement across the United States occur on commercial trucks.
And it’s not just cargo and freight.
Moreover, the food truck industry is on the rise as well.
Think about all the insurance clients in this niche!
The market is growing and investing in this niche will increase your book of business for the long haul.
A recent study by HTF MI revealed that the commercial truck insurance market is expanding at a double-digit growth rate.
The rates aren’t going to slow down anytime soon. They are, however, getting higher.
The premium in the commercial trucking insurance could easily be $8000 to $12000 per year, says Tommy Ruke, president of IBC Inc.
Wouldn’t it be sweet to land a big client in this niche?
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Originally published at https://agencyheight.com on December 18, 2019.