It’s no secret that the commercial truck insurance marketplace continues to be 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-insured program. There are many options 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 that is spending more than $250,000 in combined auto and workers compensation premium should at least explore some type of self-insurance. It may not make sense for all companies, but for those that meet the parameters, there is a significant opportunity to reduce costs long-term.

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