Freight Factoring & Trucking Insurance
Factoring and insurance are two of the biggest costs that new carriers sign up for in their first month. Start with the federal insurance minimums, learn how factoring fees and recourse work, then compare providers with transparent criteria.
Trucking insurance minimums are set by 49 CFR 387.9 ($750,000 for most for-hire general freight); factoring turns unpaid invoices into cash quickly for a fee.
- Insurance minimums table
- How freight factoring works
- Model the fee in the hot shot or box truck calculator.