So, everyone wants to think that their truck is safe and sound. It’s a truck – who would steal a truck? Well, a lot of people. Truck theft is more common than one might want to think. But the thing is that you depend on your truck for your work, and it would be a real problem if someone stole it. There are a few steps that you can take to reduce the chance of your truck being stolen.
When you work in trucking, you’re subject to many, many regulations. The goal of these regulations is to keep the roads safe for all drivers – CMV drivers and passenger cars alike. That’s the reason that the SMS (Safety Measurement System) exists. It’s a way for the FMCSA to keep track of a motor carrier’s safety record. How do they do this? They use data from different sources and organize it into seven different categories, called BASICs. We’ll go into more detail.
At InsuranceHub, we believe in continuing education. Insurance is a constantly changing industry, and we like to stay up-to-date on the latest trends, technologies, and knowledge. There’s always something to learn about insurance, especially when it comes to transportation insurance. It’s a very specialized niche, and there’s always plenty to discover. That’s why we’ve got six team members – Lee LeBaigue, Ed Hemmer, Monica Lott, Chrisann Richards, Kristina Insley, and Robyn Roberts – headed to Orlando to attend the annual MCIEF (Motor Carrier Insurance Education Foundation) Conference! The MCIEF meeting is from Oct. 3 to Oct. 4, and our team is really looking forward to it.
When it comes to trucking, there’s a lot of “paperwork” (rather, forms and such) to take care of. One big thing that you need to take care of is your USDOT Number. It might seem a little overwhelming to deal with your USDOT Number, so we’re going to break things down for you.
The main questions we’ll cover are:
- What’s a DOT Number?
- Who needs a USDOT Number?
- How do I get a DOT Number?
Tow truck and transportation insurance rates are a major concern for drivers and business owners. The goal is to get good coverage at a good rate. But to do that, you have to understand what affects your towing or truck insurance rates. One thing that is a big part of the rates you’ll be able to get is your business’s loss run. So it’s something to pay attention to.
Trucking businesses are subject to many government regulations. It can be tough to keep everything straight and decipher the law-speak of these regulations. One important thing about transportation that you should know about is operating authorities. Who needs an operating authority? How do you get operating authority? And, well, what exactly is it? We’ll answer these questions.
If you’re a trucker, you rely on your vehicles. With many, many miles to log on the road, you could find yourself in a real situation if something happened to your truck. For example, what if you’re in an accident? What if your truck is caught in a fire? There are a lot of different things that could go wrong. So – knowing how reliant you are on your truck, your question is this: does transportation insurance cover my truck? We’ll explain.
If you’re running a tow truck business, you’ve got a lot to think about. Business is the operative word of the phrase “tow truck business” after all. And a major part of running a business is having organized finances. Maybe this isn’t the favorite part of your job – numbers, dollars signs, all that. Frankly, math and numbers aren’t a lot of people’s favorite thing. But we’ve got some tow business finance tips for you to hopefully make things easier.
Creating a marketing strategy for any business can be tough. However, when you’re in the fast-paced world of towing, the business can be full of specific marketing pitfalls. Juggling advertising budgets and plans can be a stressful thought to add to the daily operations of managing dispatch, drivers’ jobs, customers, and more. So, maybe you’re not sure where to start marketing your towing company, but here are some tow business marketing mistakes to avoid.
A question that comes up a lot in the trucking world is how much insurance is enough. Insurance is expensive. That is why many truckers are tempted to get only the minimum amount of trucking insurance required by law. They want to pay the lowest price possible, and that’s understandable. However, are those minimums really enough?