It’s no secret that the commercial truck insurance marketplace is volatile. Even for safe companies, rates continue to increase year-over-year. Some trucking companies may gain a competitive advantage by moving into a self-insurance program. Many options are available in the marketplace—from smaller self-insured retention programs to single-parent captive programs for larger fleets.

Any fleet with a good safety record spending more than $250,000 in combined auto and workers’ compensation premiums should at least explore some self-insurance. It may not make sense for all companies, but there is a significant opportunity to reduce costs in the long term for those that meet the parameters.

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The knowledgeable professionals at The Daniel & Henry Company will assess your needs and provide cost-effective self insurance and risk management solutions.