Over the next few articles, we will review vehicle inspection requirements for commercial trucks as required and endorsed by the U.S. Department of Transportation’s (DOT) Federal Motor Carrier Safety Administration (FMCSA). In this article, we will review daily vehicle inspections. Drivers must conduct inspections at the beginning and end of each shift and on each … Continue reading “DOT-Compliant Vehicle Inspections: Part I”
Information collected about a transportation carrier during a routine inspection at weigh stations is posted and kept on the Department of Transportation (DOT) website and available to the public. Insurance company underwriters utilize this data when evaluating a risk and determining account acceptability and pricing. Why Are DOT Inspections and Compliance So Crucial for Insurance … Continue reading “How DOT Inspections Are Used for Insurance Underwriting”
Our last article looked under the hood of Physical Damage Truck insurance, which provides owners/operators of truck and trailer equipment with collision and comprehensive coverage. Collision coverage protects you in the event of a collision or overturn, while Comprehensive coverage protects you against most other physical damage losses. These losses could be caused by fire, … Continue reading “Inside Finance/Lease Gap Coverage As Part of Physical Damage Truck Insurance”
Your truck and trailer equipment are the lifeline of your business and represent a significant investment. If your truck is damaged in an accident or fire or vandalized or stolen, you’re off the road, and your business is temporarily sidelined. Physical Damage Truck insurance steps in to get your truck and equipment repaired or replaced, … Continue reading “Under the Hood of Physical Damage Truck Insurance”
The nonprofit research organization American Transportation Research Institute (ATRI) recently issued a news release calling for motor carriers and drivers to complete a survey so it can analyze the impact of predatory towing in the trucking sector. The survey asks drivers and motor carriers about the most common types of predatory towing, what fees or … Continue reading “ATRI Looking to Collect Data on the Impact of Predatory Towing in Trucking Industry”
There is a lot to be said about looking at someone’s past work performance to get an idea of how they will do in the future. This goes for any occupation, including transportation. Look at a previous driver’s performance and behaviors to gain insight into whether he or she is a potential risk for future … Continue reading “Truck Safety: Past Driving Behaviors Provide Insight into Future Accidents”
Does your trucking operation utilize a specific location where you bring in freight for ether warehousing, transloading, or just temporary storage in transit? Have you discussed this part of your operations with your insurance broker? Motor Truck Cargo Insurance What you may not know is that your motor truck cargo insurance policy likely will NOT … Continue reading “Motor Truck Cargo Insurance Coverage”
Cargo theft is big business and happens everywhere throughout the supply chain – including on trucks, warehouses, terminals, and storage facilities. In 2021, there were 1,285 thefts reported with a total loss value of nearly $58 million in the U.S. and Canada, according to a report by Verisk’s CargoNet, which keeps track of cargo thefts. … Continue reading “Beefing Up Security at Your Warehouse or Terminal”
Commercial equipment insurance is also known as contractors equipment insurance. It pays for theft or damage to contractors’ tools and equipment. Commercial and residential property owners who own or lease equipment for construction projects need commercial equipment insurance. A typical commercial equipment policy covers hand tools, power tools, and construction-related vehicles. Mobile items such as … Continue reading “When You Need Commercial Equipment Insurance”
Semi-truck breakdowns occur more frequently than passenger vehicles. For example, American Trucking Association‘s (ATA) Technology & Maintenance Council’s survey reported breakdowns to occur about every 10,000 miles. Semi-truck breakdowns for truckers are costly and potentially dangerous events. Drivers must know how to handle them among the many hazardous scenarios they encounter on the road. Semi-Truck … Continue reading “What to Do When Your Semi-Truck Breaks Down on the Side of the Road”
