ARE DRIVERS STILL REQUIRED TO SUBMIT THEIR ANNUAL LIST OF TRAFFIC VIOLATIONS? As of May 8, 2022, the Federal Motor Carrier Safety Administration (FMCSA) eliminated the annual requirement for drivers operating commercial motor vehicles (CMV) to submit a list of their convictions for traffic violations to their employers. Motor carriers are still required to make an annual inquiry to obtain the…
What type of trailer interchange coverage do I need? A lot of new trucking clients running power only loads or signing up for Amazon Relay keep asking this question: add Trailer Interchange or non-owned trailer? I personally like to add Hired Auto Physical Damage limits up to $150,000 in coverage that would cover any truck or trailer my client…
Do You Know the Best Deductible Options? Brief video on why we request loss runs reports to shop your coverage. Also make sure your working with a insurance broker that specializes in trucking! Check out my website at https://www.shawnnhelpingtruckers.com For factoring/fuel cards check out https://www.rtsinc.com/agent-company/ As always, you can count on the commercial truck insurance professionals at The Daniel…
Do You Know the Best Deductible Options? Short video on deductible options and strategy for how you handle your physical damage auto claims. Check out my website at https://www.shawnnhelpingtruckers.com For factoring/fuel cards check out https://www.rtsinc.com/agent-company/ As always, you can count on the commercial truck insurance professionals at The Daniel & Henry Company to assist you through challenging claims and…
The Commercial Vehicle Safety Alliance’s (CVSA) Brake Safety Week is scheduled for August 21-27, 2022. Enforcement officials will inspect commercial motor vehicles throughout the week. Vehicles found to have critical out-of-service brake violations, or other critical vehicle out-of-service inspection item violations, will be restricted from traveling until those violations are corrected. Vehicles that pass eligible inspections may receive a…
Have You Gotten Your DOT Authority? Here are some initial things you can be working on after receiving your DOT authority: 1. Relationships with mechanics 2. Fuel cards/factoring RTS 3. ELDs KeepTruckin 4. MotorcarrierHQ for compliance tips and forms 5. Register with different freight boards-DAT 6. Network with freight brokers and dispatch services Check out my website at https://www.shawnnhelpingtruckers.com For…
Screening Drivers & its Effect on Insurance Premiums When it’s time it time to expand your trucking business, hire the right drivers makes a world of difference in your insurance premiums. Each insurance carrier rates your business differently in how they evaluate your risk. A lot of carriers give major considerations to what’s on your drivers’ motor vehicles reports….
THINGS YOU CAN DO TO LOWER YOUR INSURANCE COSTS How do you cut your truck insurance rates as a motor carrier? While there is no specific formula to reduce the costs of insuring a fleet of trucks and their drivers, there are ways to impact your bottom line over time. Creating a safety strategy, taking consistent action, and dedicating resources…
What Are Loss Exposures? There are several key risk management terms to understand when it comes to loss exposures. “Loss exposures are the possibilities of accidental losses with measurable financial consequences,” according to Warren T. Hope, author of Introduction to Risk Management. There are four types of loss exposures that motor carriers must account for: property, liability, personnel, and net…
Insurance Advice When Applying For Operating Authority One of the first steps in starting your trucking business is applying for authority through FMCSA. There is a 21-day vetting process before you can be granted authority. You actually have 90 days to bind your insurance coverage but a lot of companies want to get up and running as soon as…