No matter what upfront costs insurers show on their websites, the actual commercial truck insurance cost is different or hidden. It happens because there’s certain variables that influence commercial truck interest rates. However, the good news is that truckers can take certain measures to reduce their rates.
transportation insurance
Transportation insurance is a vital part of any cargo carrying business. It’s important for each type of business that transports goods to have a custom insurance plan. From tractor trailer fleets to small catering vans, each must understand how transportation insurance covers them from specific risks. There is a lot of factors that go into this type of insurance plan.
Business owners need to know what type of insurance is right for their company. Also, they’ll need to know if they require anything from physical damage insurance, cargo coverage, or other specialty coverages. Therefore, it’s important that drivers know their vehicles and how business practices can affect their rates. Anything from driving habits, the type of vehicle, and preventative maintenance practices can affect the type of insurance you need and your rates.
On this page, we’ll cover everything you need to know about transportation insurance. We’ll go into the different types of coverages, what insurance you need for your business, and how to get great rates.
How to Lower Your Truck Insurance Rates with Technology
Did you know that unwarranted lawsuits, damage from crashes, and costs that come with transporting goods has spiked significantly?
This has caused commercial transportation insurance to rise, making this subject the biggest concern for fleet leaders.
According the FMCSA, New Safety Devices for Windshields May be Underway
The FMCSA’s new proposal is looking to change the rules and allow for increased windshield area to apply safety technology devices. According to the proposal, devices can be mounted or placed on the interior windshield in commercial motor vehicles.
When Was the Last Time You Had an Annual Insurance Review for Your Trucking Company?
Do you own a trucking company or a business with a trucking fleet? When was the last time you had an annual insurance review? In case you never did or forgot to, then you are not alone.
How Much Does Flatbed Truck Insurance Cost?
A flatbed truck is a giant vehicle with a flat and open bed. The bed doesn’t attach any roof, sides, and railing. This feature makes flatbed trucks ideal for carrying or delivering awkward, heavy loads that don’t fit into trucks with railings. The open flatbed enables loaders or drivers to load and unload things easily.
The North Carolina Department of Transportation Introduces a New Alert System
The hi-tech in-cab trucking alert system piloted by the North Carolina Department of Transportation is gaining traction among truckers. The new technology plays an important role in reducing the risk of car accidents and crashes.
One of the Reasons Your Trucking Insurance is High: Fraud
There is no denying that scams and fraud are everywhere. If you’ve been in truck fleeting for a long time, chances are you’re already familiar with people who’ve lied or cheated to get insurance money.
The Insurance Act Attempts to Increase the Minimum Insurance Requirement by 556%
There is no denying that the rate of trucking insurance has skyrocketed over the years. Despite these increases, many insurers are experiencing huge losses. It shows that the insurance industry, particularly associated to transportation, continue to face the challenging time.
Can Technology Help You Lower Your Trucking Insurance Cost?
Did you know that litigation of truck accidents has increased significantly?
Whether you have a transportation company or a trucking fleet, managing insurance may be a daunting task. We say this because legal settlements are on the rise and premiums are increasing. Plus, the equipment has become more costly.