Whether you are a contractor with one commercial truck or a trucking company that operates a fleet of semi-trailers, you need commercial truck insurance. It can be hard to tell what kind of insurance coverage you need as there are a variety of myths out there about truck insurance.
Who is responsible when a semi-truck crashes and spills hundreds of gallons of toxic material near a salmon stream? That exact scenario happened in Anchorage, Alaska recently, and the driver was just sentenced to jail time for oil polluting after he crashed an oil tanker into a snowbank. The driver spilled more than 2,800 gallons of diesel fuel near the tributary of a Salmon stream.
Recruiting and keeping good truck drivers is difficult for most fleet owners. There is currently a shortage of qualified truck drivers. According to the American Trucking Organization, the trucking industry needs to hire at least one million truck drivers over the next decade to meet the current demand
Imagine looking in your rear review mirror and seeing your cargo spill onto the roadway. A scenario like this could result in a serious accident. A vehicle might swerve into oncoming traffic to avoid hitting the cargo.
Trucking managers — do you know what the term negligent entrustment means? Well, getting familiar with this term should be a priority. Negligent entrustment is so crucial because it could leave you vulnerable to a lawsuit.
How long has it been since you reviewed your trucking insurance policy? Has your policy grown with your business?
If you haven’t looked at your coverage recently, you might be headed for some tough times as Tom, Don, and Luke found out.
In the US, on the job fatalities rose 7% last year. The transportation industry accounts for a whopping 40% of these fatalities. That far exceeds any other industry.
As important as it is to prevent a fatality, that’s not the only cost. Injuries, property damage, damage to your own trucks, potential downtime and increased insurance premiums cost you.