Risk of Adding Additional Insured Status
When signing up to be a load provider, shippers will request a COI (proof of coverage) & may request additional insured status. An additional insured refers to anyone other than the policyholder who is covered by an insurance policy. Be mindful, they're basically requesting to share your insurance policy [...]
VEHICLE INSPECTIONS: A 15-POINT LIST
49 CFR Part 396.13 of the Federal Motor Carrier Safety Administration regulations specifies a driver’s responsibilities before operating a commercial motor vehicle. Below is an abbreviated list to remind you of the tasks to complete each day and the areas of the vehicle to inspect. For additional information, refer to [...]
How to Pay Less on Truck Insurance!
How to Pay Less on Truck Insurance! When getting trucking insurance quotes, understand carriers & underwriters put a HUGE emphasis on the following three factors: 1. Where you store your trucks 2. How good is your credit 3. Motor Vehicle Report of your drivers. For a free consultation, email [...]
5 STEPS OF MANAGING RISK
Managing Risk, a Task That is Key to Profitability. All motor carriers share one thing in common: managing risk, a task that is key to profitability. Regardless of fleet size, every motor carrier strives to minimize the risks that can lead to financial losses. For those new to risk management, [...]
Ask a Safety Rep: Regulatory Updates
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 [...]
Do I need trailer interchange coverage?
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 [...]
How to Select Truck Insurance Physical Damage Deductibles
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 [...]
Commercial Vehicle Safety Alliance’s (CVSA) Brake Safety Week
Source: Commercial Vehicle Safety Alliance 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 [...]
Next Steps for Your Trucking Business After Receiving Your DOT Authority
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 [...]
Expanding Your Trucking Business: Screening Drivers
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 [...]