In 2019, California passed legislation called AB 5, which reclassifies many independent contractors as employees, including truckers. Signed into law in 2019, the “gig worker bill,” as it has been dubbed, took effect in January 2020. However, the California Trucking Association (CTA) got an injunction and stopped the state from reclassifying truck owner-operators as motor … Continue reading “Revisiting AB 5 for Truckers”
Does your trucking operation utilize a specific location where you bring in freight for ether warehousing, transloading, or just temporary storage in transit? Have you discussed this part of your operations with your insurance broker? Motor Truck Cargo Insurance What you may not know is that your motor truck cargo insurance policy likely will NOT … Continue reading “Motor Truck Cargo Insurance Coverage”
Cargo theft is big business and happens everywhere throughout the supply chain – including on trucks, warehouses, terminals, and storage facilities. In 2021, there were 1,285 thefts reported with a total loss value of nearly $58 million in the U.S. and Canada, according to a report by Verisk’s CargoNet, which keeps track of cargo thefts. … Continue reading “Beefing Up Security at Your Warehouse or Terminal”
Freight Capacity and Truckload vs. LTL Freight capacity is the term shippers use to describe the amount of space secured on trucks and other vehicles to carry their loads. Also known as trucking capacity, it is a critical aspect of managing supply chain deliveries. In the trucking industry, a shipping service that takes the entire … Continue reading “Insurance for LTL vs TL Operations: Part 1”
Commercial equipment insurance is also known as contractors equipment insurance. It pays for theft or damage to contractors’ tools and equipment. Commercial and residential property owners who own or lease equipment for construction projects need commercial equipment insurance. A typical commercial equipment policy covers hand tools, power tools, and construction-related vehicles. Mobile items such as … Continue reading “When You Need Commercial Equipment Insurance”
Semi-truck breakdowns occur more frequently than passenger vehicles. For example, American Trucking Association‘s (ATA) Technology & Maintenance Council’s survey reported breakdowns to occur about every 10,000 miles. Semi-truck breakdowns for truckers are costly and potentially dangerous events. Drivers must know how to handle them among the many hazardous scenarios they encounter on the road. Semi-Truck … Continue reading “What to Do When Your Semi-Truck Breaks Down on the Side of the Road”
You need an Auto Transporter Insurance policy if your business includes hauling cars. It’s the way to safeguard your liability, your vehicles, and the autos you transport from losses. As a car hauler, your load generally has a high value, so you will likely require more insurance coverage and cargo insurance than most commercial truckers. … Continue reading “Auto Transporter Insurance: When Do You Need It?”
Trucking bonds are essential tools motor carriers and shippers need to safeguard against potential risks associated with transporting goods. As such, they play a critical role in the trucking industry. Any business that uses trucks to transport goods or provide services needs trucking bonds to finance operations safely. Trucking bonds provide a guaranteed third-party assurance … Continue reading “The Significance of Trucking Bonds”
Owning a dump truck can provide great benefits, as well as significant challenges when determining usability and safety. Significant investments in United States infrastructure continue to drive demand for dump trucks and their operations, with Grandview Research noting an 8.6% potential growth. Without a doubt, it’s an excellent time to be in or enter the … Continue reading “Why Investing in Dump Truck Insurance Can Be Good”
Operation safe driver week is almost here, and it will be an informative event about commercial truck safety. Large trucks contributed to 107,000 crashes that resulted in injuries in 2020, with 4,842 deaths. The Commercial Vehicle Safety Alliance created Operation Safe Driver Week to improve the driving behaviors of commercial and passenger vehicle drivers. The program accomplishes … Continue reading “What Truckers Need to Know About Operation Safe Driver Week”
