Category: Trucking Operations

How DOT Inspections Are Used for Insurance Underwriting

Bob Holtzman

Information collected about a transportation carrier during a routine inspection at weigh stations is posted and kept on the Department of Transportation (DOT) website and available to the public. Insurance company underwriters utilize this data when evaluating a risk and determining account acceptability and pricing. Why Are DOT Inspections and Compliance So Crucial for Insurance … Continue reading “How DOT Inspections Are Used for Insurance Underwriting”

Inside Finance/Lease Gap Coverage As Part of Physical Damage Truck Insurance

Bob Holtzman

Our last article looked under the hood of Physical Damage Truck insurance, which provides owners/operators of truck and trailer equipment with collision and comprehensive coverage. Collision coverage protects you in the event of a collision or overturn, while Comprehensive coverage protects you against most other physical damage losses. These losses could be caused by fire, … Continue reading “Inside Finance/Lease Gap Coverage As Part of Physical Damage Truck Insurance”

Under the Hood of Physical Damage Truck Insurance

Bob Holtzman

Your truck and trailer equipment are the lifeline of your business and represent a significant investment. If your truck is damaged in an accident or fire or vandalized or stolen, you’re off the road, and your business is temporarily sidelined. Physical Damage Truck insurance steps in to get your truck and equipment repaired or replaced, … Continue reading “Under the Hood of Physical Damage Truck Insurance”

Ensure Drivers Have the Right Documents for Compliance

Bob Holtzman

Although it may not be your favorite aspect of being an owner-operator, paperwork management is a serious responsibility. You must have current documentation at all times, including for yourself as the driver, your truck and trailer, and, if applicable, your motor carrier. Missing documentation has serious consequences, including excessive violations that can negatively impact your … Continue reading “Ensure Drivers Have the Right Documents for Compliance”

Truck Safety: Past Driving Behaviors Provide Insight into Future Accidents

Bob Holtzman

There is a lot to be said about looking at someone’s past work performance to get an idea of how they will do in the future. This goes for any occupation, including transportation. Look at a previous driver’s performance and behaviors to gain insight into whether he or she is a potential risk for future … Continue reading “Truck Safety: Past Driving Behaviors Provide Insight into Future Accidents”

Motor Truck Cargo Insurance Coverage

Bob Holtzman

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”

Beefing Up Security at Your Warehouse or Terminal

Bob Holtzman

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”

Insurance for LTL vs TL Operations: Part 1

Bob Holtzman

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”

What to Do When Your Semi-Truck Breaks Down on the Side of the Road

Bob Holtzman

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”

Auto Transporter Insurance: When Do You Need It?

Bob Holtzman

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?”