Renewing the insurance on a commercial motor vehicle, especially a semi-truck, is more involved than it is on a personal vehicle. For most small trucking companies, insurance is usually your highest fixed cost and in the top five of all your expenses. It's important to make sure you are getting the best bang for your buck when it comes from insurance. I just went through the renewal process for Haulin Assets and want to share some of what I learned.

During this episode we are going to explain how truck insurance works and answer some important questions. How truck insurance works is complicated, and understanding who is involved and their roles will make you a much smarter shopper.

• Insurance Agents/Brokers - These are the people you talk to when you are looking for insurance. In most situations, they represent several different insurance companies.

Here is a list of most of the questions we answer during this episode.

1. Can I expect my insurance cost to change?

1. What are the main factors that affect cost?

1. Years in business