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With fleets incurring substantial insurance cost increases over the last several years, trucking may have “reached a ceiling in its ability to continuously cover annual double-digit increases in insurance premiums.”
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Koffie uses telematics and advanced safety technology to underwrite trucking companies, rewarding fleets that invest in safety with discounted insurance premiums.
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Management failures to act or adapt to the times during the COVID-19 pandemic have led to workplace litigation.
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In 2021, legacy issues like driver shortage and higher insurance costs will persist, and there’s no end to the disruption caused by the COVID-19 pandemic. A risk management expert's outlook.
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There’s no simple way for trucking fleets to slip the grasp of rising insurance costs — it takes everything from running safely to shopping smartly.
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While some insurance will always be dictated by regulations (like liability insurance) or shipper demands (cargo insurance), other choices are driven by unique business needs and concerns. Here are three examples.
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Road Ready Insurance will offer customers in participating states a Road Ready trailer telematics system for each truck that is fully insured.
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In 2019, the costs of trucking contracted significantly, from $1.82 to $1.65 per mile – a drop of 9%, according to the American Transportation Research Institute's annual survey.
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The shortage of drivers remains the most pressing issue affecting the trucking industry, according to the American Transportation Research Institute’s annual survey.
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These are hard times. To be precise, it’s a “hard market” when it comes to sourcing insurance coverage in the trucking industry.
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