Trucking operations are a prime target for theft and criminal activities. Cargo theft in the U.S. is more common than people think. According to the FBI, the annual economic loss due to cargo theft is around $30 billion – reporting that the average cargo loss in 628 incidents in 2015 had a value of $44,426 … Continue reading “Why Crime Insurance is a Necessity for Trucking Operations”
Want to cook in a semi truck? If you’re tired of greasy burgers, so-so tacos, fried chicken and all you can eat buffets, you’re not alone. A trucker’s diet can be hard on the body and morale. In fact, some truckers are so fed up with eating unhealthy and flavorless meals they devise ways truckers … Continue reading “Cook in a Semi Truck – Great Tips to Eat Smart While on the Road”
Though they are commonplace on the highways and byways of the United States, many drivers of non-commercial vehicles know little about the massive size, weight and power of 18-wheelers. Sadly, this lack of knowledge frequently means that these drivers make many mistakes around the big rigs, mistakes that may result in the loss of many … Continue reading “Tips for Avoiding and Recovering from Skidding in a Big Rig”
Motor Truck Cargo Insurance is an important, expensive and often times misunderstood coverage. Most carriers require the owner operator or company transporting their goods to have cargo insurance. This coverage protects the owner of the goods as well as the insured while the cargo is under the care, custody and control of the transporter. Cargo … Continue reading “Understanding Motor Truck Cargo Insurance”
There is more to running a trucking company than simply owning some big rigs and scheduling loads. In truth, the trucking industry is incredibly competitive today. In order to survive in this industry, owners must be capable of performing an ongoing juggling act that involves maintenance and upkeep of vehicles, driver training, satisfaction and review, … Continue reading “How to Find High Paying Truck Loads”
Within the insurance industry there are a variety of truck insurance payment options (premium billing programs) that you may take advantage of when purchasing truck insurance. Truck Insurance Payment Options Direct Bill Some insurance companies bill the customer directly without the insurance broker being involved. The customer receives a monthly bill and mails the payment … Continue reading “Truck Insurance Payment Options”
Truck Fleet Insurance Options and Payment Plans The truck fleet operator has several alternatives in structuring their truck fleet insurance coverage and payment plans. But first we need to segment the various fleet sizes to determine what makes the most sense for your operation. We like to break out fleet sizes as follows: Group I … Continue reading “Truck Fleet Insurance Options”
The following is an insurance summary of basic truck insurance coverages for the truck and transportation industry. Insurance is one of the largest fixed expenses that a trucker or trucking company faces today. It is one area that all individuals and companies need to revisit at least annually to make sure their needs are being … Continue reading “Understanding the Many Truck Insurance Coverages”
Tax deductions for owner operators reduce the amount of self-employment tax and income tax associated with the income reported to the IRS. Self-employed or statutory employees generally file tax deductible business expenses on Schedule C with reported income. Drivers should keep good records and receipts to substantiate any deductions taken. What Type of Expense Can … Continue reading “Tax Deductions for Owner Operator Truck Drivers”
The trucking industry is a prime target for theft and criminal enterprise. Thieves look for vulnerable trucks where cargo can easily be stolen. Fortunately, drivers can take measures to protect valuable cargo. Low-tech measures, such as king pin locks, glad hand locks or fuel-line shut-offs might slow the bad guys down, but aren’t always enough … Continue reading “Security Tips for Trucking Companies”
