Truckers today face more challenges preventing losses, but having a post-accident protocol in place can help save your fleet money, time and aggravation during a scary moment. We encourage having tow assistance in all trucking policies to ensure the security of the truck and cargo. This alone could save you thousands depending on the severity of damage to the…
Usage-based Insurance (UBI) was popularized in the personal auto insurance market nearly a decade ago when a few large insurers offered customers discounts for installing GPS-type devices in their vehicles. In more recent years, large, self-insured commercial truck fleets have partnered with reinsurers to build pricing models partially based on the predictive power of telematics data. Unfortunately, small and mid-sized…
With Insurance premiums on the rise, now it is more important than ever to focus on CSA scores. Normal daily operations in trucking play a role under the CSA microscope. Carriers are now leaning stronger on these scores that will decide premium rates, but it could also be a deciding factor whether a market will provide a quote. According…
In lieu of the regional, in-person safety seminars that Great West Casualty hosts every year, they are offering free, virtual seminars for commercial motor carriers. All seminars will be held this October, with flexible times to accommodate the busy schedule of transportation professionals. Topics will include “Safety and Regulatory Updates” and “Conducting Effective Incident Reviews”. CLICK HERE TO VIEW…
When putting together a commercial truck insurance program, it may be easy to overlook coverage that protects your business operations. With a wave of high-profile litigation related to the owner-operator model, it may be time to consider coverage to properly protect your business. An Employment Practices Liability policy (EPLI) is a good place to start, though it’s important to ensure…
With the bombshell settlements that have been coming down on the trucking companies, everyone seems to wonder who foots the bill after the insurance limits are maxed. Ultimately the insured is responsible and could potentially have their fleet seized and sold to pay for the additional damages. According to a post with CCJ, there is a post-trial punishment in Texas…
After a brutal two and a half years for truckers, there are signs that the industry is starting to rebound. According to a recent Fox Business article, freight capacity has dropped sufficiently to potentially lift freight rates. With a record number of trucking companies shutting down last year, it will be up to those who are left standing to keep…
With the technology available today, onboard cameras can not only be a useful training tool with live telematics but a way to defend companies and their drivers in court. With companies like SureCam and Lytx providing camera systems geared for the trucking industry, it can be the deciding factor of being able to settle claims or provide a valuable defense in court….