Commercial Auto
Trucking Insurance – Livery Insurance: Insurance Premium Hikes Are Causing Big Disruptions In The Flow Of Trucking Business
Trucking Insurance – Livery Insurance: Premium Increase. Substantial trucking insurance costs impact the trucking company and create a financial burden for businesses already facing the downturn in freight demand. Since losses payout of $10 m or more for Insurers, brokers warn that liability policy costs have increased and will continue to increase.Last year, trucking companies reported double-digit…
Read MoreTruck Drivers – New DOT Drug Screening Impositions Making Their Way Into Trucking
Truck Drivers Drug Screening: In WASHINGTON, DC, truck drivers will soon face oral fluid monitoring for illegal substances under a new U.S. regulation. Health, and Human Services Agency the Department of Health and Human Services. Oral Fluid Specimens in Federal Drug Testing New U.S. rule mandates oral fluid drug tests for truck drivers, with…
Read MoreBest Trucking Insurance Tips – Livery Insurance: Insurance Loss Runs & How To Calculate Loss Ratio.
Trucking Insurance – Livery Insurance: Loss History. What’s Loss Ratio? Loss Ratio (LR) of an Insured is the total actual paid insurance claims (including Claims expenses) on an insurance policy; compared to the actual total premium collected by the insurance carrier, for the same period. Loss Runs Report Normally LR is measured over a period of…
Read MoreWhat’s Going On With AB5 In California (The Downfall Of Trucking, And Other Independent Contractors)
Trucking Insurance – Livery Insurance: New Bill To Enforce Workers Comp Insurance. California’s AB 5 faced a roadblock when a federal court temporarily blocked truck drivers from enforcing the new law. California passed Assembly Bill 5 last year, which became effective on Jan. 1. The new law, widely known as AB 5, creates a strict…
Read MoreTrucking Insurance – Livery Insurance: P&C Insurance Premiums Steadily Rising In 2018…
Trucking Insurance – Livery Insurance Premiums Up! As losses occurred heavily in 2017 in Property and Casualty (P&C) and Livery Insurance coverage, premiums are set to rise as companies adjust to major loss impacts. The market setbacks have forced insurers to revise pricing structures to accommodate these losses. These increases are necessary for the industry’s…
Read MoreTrucking Insurance-Livery Insurance-Business Insurance Rates Are Up 2% This Quarter…
Business Insurance Rates: Rising Claims in TransportationThe trend of claims in transportation is showing a significant increase. This has led to higher business insurance premiums. The transportation sector faces numerous challenges, including rising fuel costs and ongoing supply chain issues. The increase in accidents, cargo damage, and claims further contributes to the rise in rates.…
Read MoreTrucking Insurance: In The World Of Trucking And More…
Trucking Insurance – International Effect In The World Of Trucking: Rising Tensions Between China and the United StatesAs China and the United States continue their trade disputes, it is starting to look like a major feud. These two global powerhouses seem to nudge each other into increasing tariffs on goods. This back-and-forth could disrupt global trade…
Read MoreTruckers Fighting Trump About Changes…
Trucking Insurance – ELD Advantage For Truckers: It was odd seeing all these rules take effect from the point of idea to implementation. Many truckers questioned whether it was okay to focus on fighting back. However, it’s essential to examine the bigger picture. The new regulations may seem restrictive at first, but they could offer significant…
Read MoreTrucking Insurance: Trailer Sales At A High, Canceled Loads Based On Shippers And Drivers Being Written Up For Grandfathered AOBRD All Within First Month Of ELD…
Trucking Insurance – ELD Advantage In its latest blog, DAT Solutions reached out to truck drivers, motor carriers, shippers and freight insurance brokers to find out how their businesses are being affected by the electronic logging device (ELD) mandate. Responses – there are 110 so far – ranged from “turned truck in” and “put me out of…
Read MoreTrucking Insurance: New Progressive Insurance Pay Per Mile- ELD- Truck Liability Insurance Could Save You 3%-18%
Trucking Insurance – Use Of Smart Haul Or ELD: Smart Haul is the country’s first commercial usage-based insurance option, provided by Progressive Commercial, the #1 truck insurer. This innovative program offers truckers an opportunity to save on their commercial auto insurance premiums by paying based on how much they drive. It’s designed to give businesses…
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