Will Higher Insurance Premiums be Required for the Trucking Industry?

Trucking insurance is a foundation element of risk management in the commercial transportation industry. This valuable insurance protects company assets, vehicles, and cargos from losses. Unfortunately, premium costs have grown in recent years, and recent proposals to federal rule changes could cause price increases. The Biden Administration has been exploring an increase to minimum liability … Continue reading “Will Higher Insurance Premiums be Required for the Trucking Industry?”

What Does the Biden Administration Mean for DoT?

The United States Department of Transportation (US DoT) has undergone many changes over its history. As old Presidential administrations depart, they leave their stamp on the agency tasked with overseeing America’s federal roadways and transportation systems. New administrations often bring with them new priorities for the agency. With the confirmation of Peter Buttigieg as the … Continue reading “What Does the Biden Administration Mean for DoT?”

How Truckers Can Avoid Hefty Insurance Claims

Commercial truckers always operate with an element of risk in their daily routes. Whether it’s a quick load drop-off or a cross-country trip, the liabilities related to costly accidents and injuries are still the same. In fact, every 15 minutes, a person is killed or seriously injured in an accident caused by trucks, accumulating to … Continue reading “How Truckers Can Avoid Hefty Insurance Claims”

Winter Safety Considerations for Truckers

Driving a truck in severe winter conditions demands a particular set of skills and awareness that all professional truck drivers need. With one in every four vehicle accidents in the United States being weather-related, truck drivers need to prepare the wintry road ahead to limit these risks. From adapting your driving style on snowy and icy … Continue reading “Winter Safety Considerations for Truckers”

Long Weekend Cargo Security for Truckers

Trucking cargo theft usually occurs with greater frequency over long weekends when trucks and facilities are unoccupied or minimally staffed. Specifically, the 2020 holiday season comes after a third quarter where thefts saw a 23-percent year-over-year rise from 2019, including 223 cargo thefts with an average loss of $151,452. All this loss, totaling nearly $34 … Continue reading “Long Weekend Cargo Security for Truckers”

The Importance of Truck Maintenance Schedules

Maintenance of a fleet of commercial trucks is of the utmost importance in a transportation company. Both company fleets and driver-owned trucks experience neglect due to scheduling conflicts and increased demand for transporting products and services. However, any time spent repairing a truck and keeping up with regular maintenance far outweighs the potential for costly, … Continue reading “The Importance of Truck Maintenance Schedules”

Trucker Shortage & Insurance Rank Highest Industry Concerns

For the fourth consecutive year, the ongoing truck driver shortage was the top issue among the trucking industry, according to the American Transportation Research Institute’s Top Industry Issues list. This issue ranks as a top concern as there is a shortage of 61,000 truckers in the sector and has been hit hard by the coronavirus. … Continue reading “Trucker Shortage & Insurance Rank Highest Industry Concerns”

Trucking Insurance: Reducing Premiums

Trucking insurance premiums are a significant expense for trucking companies, especially for smaller fleets looking to keep their head above water in such a volatile industry. Regardless of how clean a truck driver’s record is, commercial trucking insurance continues to increase for owner-operators. Unfortunately, commercial truck insurance is not one of the business expenses that … Continue reading “Trucking Insurance: Reducing Premiums”

The Differences Between Workers’ Comp and Occupational Accident Insurance

Many companies have heard of workers’ compensation insurance, mostly because it’s necessary to have per state laws. But what about occupational accident insurance? Essentially, workers’ compensation insurance provides wage replacement and medical benefits to employees, whereas occupational accident insurance provides similar coverage, but for independent contractors. And since independent truckers make up a sizeable amount … Continue reading “The Differences Between Workers’ Comp and Occupational Accident Insurance”

Ensuring Independent Truckers are Protected

Across the board, knowledgeable trucking companies know they need to operate with general, auto, and cargo liability insurance, physical damage, and worker’s compensation insurance to protect their employed drivers. However, regulations and requirements get a little hazy when talking about insuring independent contractor truckers. While independent truckers aren’t classified as W2 employees, that doesn’t mean … Continue reading “Ensuring Independent Truckers are Protected”