New Personal Conveyance Guidance – Insurance and Risk Management Considerations
With the ELD mandate firmly in place, the FMCSA finally provided guidance on the personal use (“personal conveyance”) of commercial motor vehicles. This has been a murky area for truck drivers for many years. Fleet Owner magazine published an excellent article, “10 Things To Know About Personal Conveyance”, which provides [...]
Can The International Road Check Lower My Insurance Costs?
Starting June 5th, the Commercial Vehicle Safety Alliance begins the three-day annual International Road Check. As you’re probably aware, this year the CVSA’s focus will be on hours of service and proper use of electronic logging devices (ELDs). As discussed in two prior blog posts, CSA scores have a significant effect on [...]
Read Your Shipper and Broker Contracts To Avoid Unnecessary Claims!
Real Life Claim Examples After the Food Safety Modernization Act And How To Address Issues in Contracts As reported this month in Overdrive Magazine, trucking companies that ship food are facing burdensome contracts and unintended consequences from the Food Modernization and Safety Act (FMSA). While it’s important that your drivers understand FDA [...]
CSA Scores: Part 2 – Which Violations Increase Rates the Most?
In our previous post, we reviewed the FMCSA’s Compliance, Safety, and Accountability (CSA) system and how your scores can affect your insurance rates. Many transportation companies have designed incentive programs to keep their CSA scores low, and often giving drivers some type of reward for clean level one inspections while being penalized for [...]
Your Insurance Company Wants You To Install Cameras…And So Do Your Drivers!
A few years ago, a client was researching camera systems for his mid-sized fleet. He did an informal survey of drivers and quickly abandoned the idea, fearing that he would have a mutiny at his company if he invited “big brother” into his trucks. Fast forward a few years, and [...]
Market Update 2018 Q1 : Workers Compensation Insurance and Occupational Accident Programs
By now, everyone has heard about the struggles with the commercial auto insurance market. However, the good news is that in 2017, workers compensation and occupational accident pricing decreased overall, especially for safe companies. The competition remains strong in 2018 as well, and it may be time to take advantage [...]
Incentivize Drivers to Lower Your CSA Scores…and Insurance Rates
When the FMCSA started hiding CSA scores from public view in December 2015, many in the transportation industry cheered the news. The flawed Compliance, Safety, and Accountability (CSA) system has been used by insurance companies for rating purposes almost since the system’s inception. Many believed that with CSA scores hidden [...]
The Not-So-Hidden Costs of Driver Turnover Are Increasing
Retaining Drivers Leads to Decreased Insurance Costs According to the American Trucking Association, in 2017, the driver turnover rate at large truckload carriers surged to one of the highest levels in years. In the fourth quarter, driver turnover hit 95%. Smaller fleets fared slightly better, with an estimated 84% turnover rate. [...]
The Daniel & Henry Company at the Midwest Truckers Show
The Midwest Truckers Association held their annual Truck and Trailer Show on February 2 – 3rd in Peoria, IL. Described as the “biggest little truck show in the country”, the annual convention has been going strong since 1962. The Daniel & Henry Company was represented by Jim Ruebsam of the [...]
Commercial Automobile Remains Sore Spot in P/C: A.M. Best Report
The performance of the commercial automobile segment continued to deteriorate through third quarter 2017, according to a new A.M. Best report. Commercial auto has been a sore spot in the property/casualty for several years. Commercial auto insurers have tried to address unfavorable results by enhancing underwriting measures and aggressively raising [...]