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IS THE STATED AMOUNT FOR COMMERCIAL VEHICLES IMPORTANT?

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COMMERCIAL VEHICLES – IS THE STATED AMOUNT IMPORTANT? When you’re coming up on your yearly commercial auto renewal, a good insurance broker is going to ask you to review your Power Units and determine whether the stated value for each power unit is accurate? In a total loss/wrecked truck situation, the insurance company will look at your stated amount and the actual cash value…

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Do I need trailer interchange coverage on my policy? 

By | Article, Uncategorized

Do I need trailer interchange coverage on my policy? This entirely depends on what shipping companies you plan to work with and whether you’ll be pulling your own trailers or the shipping companies. One of my appointed carriers, Great West Casualty, has some really great coverages for trailer interchange agreements. Under a trailer interchange agreement, the shipping company’s coverage must be equal to your company’s coverage, as Physical Damage coverage will…

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Commercial Trucking Safety & Insurance

Use the FMCSA ETHOS Tool to Reduce Your HOS Violations!

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Use ETHOS to Help Understand HOS Violations Commercial truck insurance underwriters scrutinize the Hours of Service (HOS) score, as an elevated score has a strong correlation to crashes. It’s important that fleet managers continually train their drivers on HOS rules. Fortunately, the FMCSA recently launched the Education Tool for Hours of Service (ETHOS) to help break down various types of…

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Road Check 2021 - Weigh Station

What Should My CSA Score Action Plan Be After Road Check 2021?

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Road Check 2021 Is Over—But Don’t Lose Focus on OOS Violations We hope that your fleet survived Road Check 2021 with clean inspections! That said, well-run fleets will monitor CSA violations year-round and have an action plan for preventing OOS issues. Your ISS and CSA scores have a significant effect on your commercial truck insurance rates, so it’s critical to…

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Federal Trucking Liability Limits

What Are the Top 5 Reasons Increasing Federal Trucking Liability Limits is a Terrible Idea?

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Top 5 Reasons Why Increasing Federal Trucking Liability Limits is a Terrible Idea During the past few years, there has been a push by some members of Congress to increase the federally required limits of liability for truckers from $750,000 to as high as $4 Million. Citing medical cost inflation as the primary reason, some industry groups including the plaintiffs’…

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Trucking Insurance 2018 Q3 Market Update: Rough Road Ahead

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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 that limits non-underwriting income. Commercial trucking auto rates have increased…

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THE TRUCK PARKING SHORTAGE AND INSURANCE CLAIMS

The Truck Parking Shortage and Insurance Claims – Five Tips to Avoid Costly Lawsuits

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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 illegal or questionable truck parking, which can have tragic results….

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Daniel & Henry - Trucker Insure - St Louis

Daniel & Henry Company Clients Receive National Safety Awards

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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 Safety and National Safety—to Ken Humphries, Safety Director, and Dennis…

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New Personal Conveyance Guidance – Insurance and Risk Management Considerations

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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 an overview of the FMCSA’s new guidance. However, neither the Fleet…

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