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The digital motor truck cargo product will enable truckers to bind a policy in 10 minutes, where historically it took between one to three days.
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High Definition Vehicle Insurance Group's HDVI Shift offers dynamically priced trucking insurance coverage that allows fleets to save on their monthly premium based on real-time driver safety.
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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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What some are calling an insurance crisis is driving up operating costs and forcing fleets to change driver hiring and training practices. Andrew Ladebauche and Brian Runnels, both of Reliance Partners, unpack the challenge and explain how fleets can minimize the financial hit at renewal time.
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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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