When it comes to signing up with Amazon Relay, there are specific insurance requirements that trucking companies must meet. These requirements ensure that both Amazon and the trucking companies are protected in the event of any accidents or incidents.
Commercial General Liability Insurance
To sign up with Amazon Relay, trucking companies must have Commercial General Liability insurance with coverage of not less than $1,000,000 per occurrence and $2,000,000 in the aggregate. This insurance protects against third-party claims for bodily injury, property damage, and personal injury.
Auto Liability Insurance
Trucking companies must also have Auto Liability insurance with coverage not less than $1,000,000 per occurrence. This insurance provides coverage for damages to other vehicles and property in the event of an accident.
Trailer Interchange Coverage
Amazon Relay also requires trucking companies to have Trailer Interchange Coverage, which provides coverage for the non-owned trailers that are being used under a trailer interchange agreement. The cost for this coverage is typically around $100 per month.
Cargo Insurance
Cargo insurance is another requirement for signing up with Amazon Relay. Trucking companies must have cargo coverage of at least $100,000. This insurance protects against loss or damage to the cargo being transported.
Workers’ Compensation Insurance
In addition to the above insurance requirements, trucking companies must also have Workers’ Compensation insurance. This insurance provides coverage for medical expenses and lost wages for employees who are injured on the job.
How much does insurance for Amazon Relay cost?
The cost of insurance for Amazon Relay varies depending on the specific coverage and the insurance provider. However, here are the approximate costs for each type of insurance required by Amazon Relay:
- Primary Liability: $1,200 per month
- Trailer Interchange Coverage: $100 per month
- Cargo Insurance: varies, typically starts at $100 per month
- Workers’ Compensation: varies depending on the number of employees and the state
Keep in mind that these costs are subject to change and may vary based on various factors such as location, driving history, and the size of the trucking company.
In conclusion, meeting the insurance requirements is essential for trucking companies looking to sign up with Amazon Relay. It is crucial to have Commercial General Liability insurance, Auto Liability insurance, Trailer Interchange Coverage, Cargo insurance, and Workers’ Compensation insurance.
While the costs of insurance can vary, it is important to work with a reputable insurance provider to ensure adequate coverage.
Based on the given products, one of the best options for insurance coverage for Amazon Relay is XYZ Insurance Company. XYZ Insurance Company offers competitive rates and reliable coverage for trucking companies.
