Revamp Your Cargo Insurance Game: 5 Clever Strategies to Drive Down Costs

Nina ConnerTransportation

Posted by AP Transportation, AssuredPartners As a seasoned trucker, you know the importance of cargo insurance in safeguarding your precious cargo on the road. But let’s face it – insurance premiums can often feel like a financial roadblock. The good news is that there are ingenious ways to navigate this challenge while ensuring your cargo remains protected. In this article, we’ll explore the top five strategies to lower your cargo insurance rates and enhance your overall coverage. Buckle up, and let’s get started! Read AssuredPartners’ full article here: Revamp Your Cargo Insurance Game: 5 Clever Strategies to Drive Down Costs

Navigating Insurance Transitions: Our Commitment to Your Business

Nina ConnerTransportation

Posted by Andy Engardio, AssuredPartners Finding the right insurance coverage for your business is essential. In light of the recent news about Nationwide E&S/Specialty leaving the commercial auto market, it is crucial to acknowledge the impact this decision may have on your business. We understand the significance of this development and the challenges it presents. As a leader and trusted partner in the transportation industry, AssuredPartners Transportation is here to offer comprehensive insurance solutions and provide a seamless transition for your business. Continuity and Reliability We recognize the importance of closely monitoring the market to provide uninterrupted coverage and exceptional service. That’s why we proactively develop strong relationships with top insurance providers, ensuring we always have the right options to meet your …

Top 3 Tips for Understanding What Insurance You Need as a Trucker

Nina ConnerTransportation

Posted by AP Transportation Team, AssuredPartners As a trucker, you understand the importance of protecting yourself, your vehicle, and your cargo on the road. While you’re busy buying equipment, signing customer contracts, finding loadboards, and planning routes, don’t overlook the crucial role insurance plays in safeguarding your livelihood and assets. Understanding what kind of trucking insurance is required and how much is enough can be overwhelming due to the various coverage options and regulations involved. To help you make informed decisions, we hope this article will help answer some of your questions about commercial trucking insurance requirements. 1. Know the Basic Insurance Requirements As a trucker, it is essential to understand the basic insurance requirements mandated by law. Compliance with …

Parking Issues & Industry Update

Nina ConnerTransportation

By Andy Engardio for AssuredPartners American Transportation Research Institute tracks the top industry issues every year. Truck parking has been a perennial top five issue since 2015, and this year was number three overall and the single top concern from truck drivers. Proper parking is linked to recruitment and retention issues, and efforts to attract more women professional drivers. Recently, Florida and Tennessee received nearly $40 million in grants to expand truck parking within their states. Secretary Buttigieg wrote to the American Trucking Association, “We will use every opportunity to educate state and local partners about the eligibility of federal funding for truck parking and recommend states work with private sector truck stop operators and the trucking community in the …

9 Laws Poised to Reshape Trucking Regulations in 2023

Nina ConnerTransportation

By Slawomir Platta for Risk & Insurance Nearly every business is subject to rules and regulations from federal and/or state agencies, and the trucking industry is no exception. With the health and safety of so many people at risk, it’s vital that truck drivers, as well as other commercial vehicles, adhere to the laws put in place to protect the public. The primary organization that oversees the trucking industry is The Federal Motor Carrier Safety Administration, or FMCSA. It is a division of the U.S. Department of Transportation. The FMCSA enforces nationwide rules, including the size and weight restrictions of different commercial vehicles, the number of hours truckers can drive in a specific time period, and proper labeling and delivery …

Using Telematics to Improve Driver Safety

Denise GillinInsurance, Risk Management, Transportation

By Gina Ekstam for AssuredPartners The number of vehicle accidents continues to rise, putting people at risk and disrupting agribusiness operations. With the use of technology, however, it is possible to improve safety and enhance operations. As commercial ag operations have grown, telematics has become a cost-effective way to gather data about drivers, individual vehicles, or an entire fleet. Typically, data such as location tracking, driver behavior, and vehicle diagnostics are collected by GPS, dashcams, or sensors installed on the vehicle. By analyzing the data, it’s possible to prevent and resolve accidents. Addressing operator behavior, such as speed, acceleration rates, and hard braking, not only keeps drivers safe it can also help prevent vehicle damage. Safety training and safe driving …

Equipment Values Increasing Beyond Insurance Limits

Denise GillinTransportation

By Andy Engardio for AssuredPartners With an 18-24 month back log on new tractors and trailers, the used equipment market has never been this hot. According to Transportation Topics, the prices for used equipment are seeing a 66% increase in prices for a standard class 8 vehicle. This is good data when you’re looking to purchase new equipment, however it could point to insufficient equipment values in the event of a claim. Depending on how your physical damage (comp and collision) insurance is valued, you may not have enough limits to replace your unit with like kind and quality. Tell me more>>>

Entry Level Driving Training: New Updates

Denise GillinNews, Transportation

By Andy Engardio for AssuredPartners Starting February 7th, 2022, the new Entry Level Driver Training rules are officially in effect. First and foremost, the rule is NOT retroactive. If a driver currently holds a permit (prior to 2/7/2022) or CDL, and/or has a Passenger, School Bus, or Hazmat endorsement they are exempt from this rule. The mandate and training requirements must be met by every new driver applying for their CDL. It is important for trucking professionals to understand how this will impact the industry. For a new driver applying for their CDL, they must find and complete a training program from an approved provider. To find a provider, check out the FMCSA’s Training Provider Registry (TPR). Click for more …

The Supply Chain Crisis’ Latest Woe

Denise GillinNews, Risk Management, Transportation

By Dani Romero for Yahoo!finance With a number of cargo containers bottlenecked at California’s ports, another problem has ensnared the companies trying to ship goods, and the customers and shops waiting for those supplies. Theft. The worsening supply chain troubles are making stolen shipments an increasingly common problem that’s affecting shoppers, already facing long delays and soaring prices. Cargo that finally makes its way out of backlogged ports on the West Coast is being aggressively targeted by criminals eyeing containers filled with electronics amid the chip shortage. What are the implications>>>

Mandates and Old Man Winter

Denise GillinBusiness Insurance, Risk Management, Transportation

By Kevin Rettberg for AssuredPartners The weather is turning, and with it the conditions on the roads will be changing. The incoming winter weather is set to turn the peace and quiet of the tranquil summer, sun-filled roads into a wintry mix of ice and snow in many areas of the country. The idea of what winter brings is nothing new, but somehow this winter feels a little unlike anything we have every experienced. Our weather is a microcosm of what is happening in the US right now: a calm before a storm. However, while we know exactly what weather brings us, there is an upcoming vaccine mandate that is causing a concern from the unknowns that it causes many …