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Form MCS-90 – Financial Responsibility for Motor Carriers

Download: Form MCS-90 – Financial Responsibility for Motor Carriers Financial responsibility means having insurance policies or surety bonds sufficient to satisfy the minimum public liability requirement. Public liability means liability for bodily injury, property damage and environmental restoration.  Environmental restoration means restitution for the loss, damage or destruction of natural resources arising out of an … Continue reading “Form MCS-90 – Financial Responsibility for Motor Carriers”

Protecting Your Business is Serious Business

Work Related Accidents Impact… You and your net worth Your time and focus The company you have built and its Stakeholders Employees and their families Lease Operators and their families Risk Management is Mission Critical What happens if an employee sustains a work-related injury or worse? What happens if a lease operator sustains a work … Continue reading “Protecting Your Business is Serious Business”

What is the Stated Amount of Physical Damage?

Unlike private passenger type vehicles commercial trucking physical damage is often insured on a “stated amount” basis. Physical damage premiums for private passenger type vehicles are ordinarily determined based on the original cost of the vehicle and its age.  This is practical largely because these vehicles depreciate in an easily predicted fashion.  Heavy commercial vehicles, … Continue reading “What is the Stated Amount of Physical Damage?”

What is Physical Damage Insurance?

Operators of commercial vehicles, such as truckers, need a number of insurance products. Automobile Physical Damage insurance covers the damage to, disappearance, or destruction of actual automobiles and/or their equipment, such as tractors, trailers or semitrailers, trucks, or private passenger types of vehicles.  Equipment does not include personal effects (clothes, eyeglasses, etc.) Covered autos are … Continue reading “What is Physical Damage Insurance?”

Truck Accident Claims Reporting and Handling

It seems that one of the more consistent areas of needed improvement for truckers, whether large fleet, small fleet or owner operators, is in the approach to claims reporting. This writer, who actively receives claims, has seen the gambit in claims reporting from well documented detail to virtually no information provided at all. So what’s … Continue reading “Truck Accident Claims Reporting and Handling”

How to Get the Best Deal on Your Truck Insurance

Knowing what’s happening in the industry helps Western Truck Insurance Services remain a reliable resource to both clients and prospects. As a result, we are always eager to learn how things are going and what you think about DOT enforcement activities, fuel prices, and the effects of laws, rules, and regulations on your business. As … Continue reading “How to Get the Best Deal on Your Truck Insurance”

Beyond Truck Insurance – Great Benefits that Matter Most.

Most Important Benefits to Get With Truck Insurance Truckers need to insure their vehicles, and for most, they simply look for the most cost-effective policy at the most reasonable price. It is vital to get good coverage, but as you are speaking with various truck insurance brokers, there are other qualities to look out for. … Continue reading “Beyond Truck Insurance – Great Benefits that Matter Most.”