A “No Violations” Three Month Program Can Lower Your CSA Scores And Insurance Costs
Many clients ask us how they can lower their trucking insurance costs. In years past, we’d always advise that controlling claims and hiring good drivers was the best way to decrease premiums—and these are still true, but these measures require longer-term changes to your culture. However, in the age of [...]
How Much Revenue Does It Take to Pay for a Trucking Claim?
How you can make every dollar count in a high revenue, lower profit margin industry Great West Casualty Company published an excellent article titled, “The Financial Impact of Losses”, that examines how trucking insurance claims affect your bottom line. Out-of-pocket repairs and paying your insurance deductibles can quickly erode profitability, so there [...]
Which Driving Behaviors Predict Crash Involvement?
ATRI Releases 2018 Update to Studies which Predict Crash Involvement Many of our trucking clients get upset when certain drivers are rejected by the insurance company due to MVR issues. With the chronic driver shortage, it’s understandable that fleet owners and managers need to get drivers to keep their trucks [...]
Cyber Threats Growing for the Trucking Industry
Transportation companies need to protect themselves against cyber threats. Most transportation company owners and managers understand the critical risks of their business—truck crashes and injured drivers being the primary source of losses. However, truckers are increasingly vulnerable to cyber criminals who want to steal your sensitive driver data, disrupt your [...]
DataQ System Can Remove Incorrect Violations and Certain Crashes
The DataQ System presents fleet owners the opportunity to combat CSA violations and increased insurance costs by removing incorrect violations and certain crashes. The Compliance Safety Accountability (CSA) system, now 10 years old, has not performed well, and the FMCSA is gearing up to overhaul the system. The CSA system was [...]
Welcome To The Hard Market – A Trucking Insurance Market Update
Recently, we warned of a “rough road ahead” in the trucking insurance marketplace. We’re now advising our current and prospective clients that we’re in a hard market for trucking insurance. After several years of poor profits in the commercial auto insurance segment, underwriting standards have tightened considerably, and rates are [...]
Reptile Theory and Trucking Insurance Rates
An Interview with Ted Perryman, Principal (and CDL holder) at Roberts Perryman Law Firm on "reptile theory." It’s no secret that trucking insurance rates are increasing this year, and many in the transportation industry are questioning why they are facing double-digit insurance rate increases. As cited in our Q3 Trucking Insurance [...]
Trucking Insurance 2018 Q3 Market Update: Rough Road Ahead
While the transportation industry enjoys one of the best freight rate environments in history, our Q3 market update finds commercial trucking insurance companies experiencing eroding profitability in the face of higher average liability settlements, skyrocketing physical damage claim costs due to increasing truck values, and a low interest rate environment [...]
The Truck Parking Shortage and Insurance Claims – Five Tips to Avoid Costly Lawsuits
According to a 2015 Federal Highway Administration Study, there are truck parking shortages in 36 states. It’s unknown how the ELD mandate and new personal conveyance rules will affect this shortage, but it’s not expected to improve without greatly increased parking capacity. An unfortunate side effect of this lack of capacity is [...]
Daniel & Henry Company Clients Receive National Safety Awards
Great West Casualty Insurance Company recently awarded Schilli Corporation and Steven’s Distributors with National Safety Awards. Both of these clients share a commitment to safety for the motoring public and for their drivers. Jan Markinson, Large Fleet Safety Director for Great West Casualty, presented two awards to the Schilli Corporation—Workplace [...]