Commercial Trucking Insurance Insights

In 2019, a tragic accident occurred when a semi-truck hauling avocados swerved and struck a parked vehicle, resulting in the death of the truck driver’s unauthorized passenger—his wife. The trucking company paid $960,000 from its $1 million auto liability insurance, but the lack of specific passenger insurance led to financial strain.

Brokers and freight forwarders in existence prior to Jan. 16, 2024 are grandfathered in with the eligible trustees and readily available funds areas of the law, but must immediately comply with the other three area amendments. Here are the five trust fund areas affected by the new law.

More challenges are coming to the transportation sector in 2024. . Here are five trends fleet carriers should be cognizant of to bolster their success.

Navigating the regulations surrounding CDLs in a challenging economy requires a balance between cost-saving measures and responsible fleet management.

In the 2024 trucking downturn, independent contractors must navigate challenges by balancing cost-cutting measures with personalized insurance coverage. The focus is on key protections such as occupational accident and physical damage, emphasizing the importance of tailoring insurance to individual needs for safeguarding independent contractor businesses.

The critical issue of driver speeding. Highlighting the detrimental consequences of speeding, including a significant role in 29% of traffic-related deaths in 2021, the post emphasizes the far-reaching impact on both drivers and fleet carriers.

The Federal Motor Carrier Safety Administration (FMCSA) is considering reinstating Accident Recordkeeping Requirements, aiming to enhance safety assessments and reduce accident severity. Despite comments being accepted until October 10, 2023, industry support suggests the requirements may become a rule. To prepare, fleets can build a robust accident tracking and analysis tool.

Transporting cargo is more complex than just getting it from one location to another. Reduce your risk by implementing safety and cargo protective practices.

Today's cargo thieves have masterminded a more hands-off method of pilfering loads, and they're doing it digitally.

Finding a place for drivers to park, rest, refuel and relax is not easy, and costs time and money.