Melbourne, Fla.—On 20 July 1969, the Eagle module from Apollo 11 landed at Tranquility Base. Hours later, Neil Armstrong made history by becoming the first person to walk on the Moon on a mission that is now remembered as an iconic moment for stargazers all over the world.
At the moment the spacecraft landed, Apollo 11 commander Armstrong said: "Houston, Tranquility Base here. The Eagle has landed."
According to well known investors and entrepreneurs, the Brevard Space Coast will be the area where the next wave of entrepreneurial efforts and investment could be focused. For the first time in history, the Space Coast is not just the launch site, the last step in putting people and payloads into space. Now it is where these projects begin. Also, for the first time in history, the creativity and the drive of entrepreneurialism is propelling space efforts. Like the convergence that happened 35 years ago in Silicon Valley, Brevard could become the Silicon Valley of space.
The space industry is expected to be the fastest growing segment of the worldwide economy in the coming decades, with analysts predicting a global market of over a trillion dollars a year by 2040.
As the birthplace of American space exploration and the hub of Florida’s space industry, Brevard County boasts generations of high-tech talent along with the largest share of STEM-related jobs in Florida. Florida’s Space Coast offers an attractive tax and wage climate enticing a variety of industries. Also, home to several colleges and universities, including the renowned Florida Institute of Technology.
As a transportation leader, industry along Florida’s Space Coast leverages an easy flow of transportation that includes road, rail, air, sea and now space. Its infrastructure promotes businesses, and provides easy and quick access to markets and resources for its people, products services and ideas. Space Coast roads have excellent, uncongested access to roads that reach all points in the state and major Southern U.S. East-West roadways, with available sites near I-95, U.S. Route 1, and nearby access to I-4 and the Florida Turnpike.
When you are an owner/operator of a transportation company you need to keep your investment well secured. Florida requires you to carry a minimum amount of insurance in order to register your Florida commercial truck. The minimum requirement varies in Florida based on the weight of your truck.
All commercial vehicle insurance policies in Florida must include the following:
Personal injury protection (PIP): This is designed to cover medical bills for your drivers and passengers if they are injured in a collision. Florida is a no-fault state, so only after the PIP coverage is exhausted can the injured party sue the at-fault driver for additional costs. All commercial vehicle policies must include a minimum of $10,000 in PIP coverage.
Property damage liability insurance: This is designed to cover the cost of repairing or replacing third-party personal property if it is damaged in a collision for which your driver is at fault. All commercial vehicle policies in Florida must include a minimum of $10,000 in property damage liability coverage.
Vehicles that weigh in excess of 26,000 pounds must carry additional liability insurance to cover both bodily injury and property damage. The minimum amount of liability insurance required is dependent on the vehicle's weight:
Between 26,000 and 34,999 lbs: Must have at least $50,000 in liability insurance per occurrence.
Between 35,000 and 43,999 lbs: Must have at least $100,000 in liability insurance per occurrence.
44,000 lbs. or more: Must have at least $300,000 in liability insurance per occurrence.
Additionally, commercial vehicles that engage in interstate commerce are subject to U.S. Department of Transportation regulations, which require them to be covered by a minimum of $750,000 in liability insurance per occurrence. If your commercial trucks will be driven out-of-state, be certain that you meet all federal guidelines as well as the Florida state requirements.
Contact one of our local commercial/truck insurance agents to find out what options are available for your trucking and transportation business in the Palm Bay area, and help you start saving on the protections needed to keep it always afloat. Melbourne Truck Insurance has the products and underwriting experience that meet the insurance needs of your business.
Give us a call for a FREE consultation (321) 329-5556, at Melbourne Truck Insurance.
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