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New Hours of Service Go Into Effect This July- Are You Ready for the Changes?

  Do you wish you had a little more time on your hands? Working as a trucker often means long hours, many more than the typical American worker. While numerous people punch the time clock at their 40 hour a week jobs, some truckers drive as many as 82 hours any given week. If you … Continue reading “New Hours of Service Go Into Effect This July- Are You Ready for the Changes?”

General Liability – What is General Liability, Who Needs It, What does it Cover?

A form of Insurance designed to protect Owners and Operators’ businesses from a wide variety of liability exposures.  These exposures could include liability arising out of accidents resulting from the premises or the operations of an insured, products sold by the insured, operations completed by the insured, and contractual liability. General Liability insurance is the … Continue reading “General Liability – What is General Liability, Who Needs It, What does it Cover?”

Comprehensive and Specified Perils

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 “Comprehensive and Specified Perils”

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”

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?”