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:
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.
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?
For the trucking industry, insurance is a big concern. It’s an absolute necessity to protect your business, and there are a lot of coverages and details that you need to know about. Along with that, there are coverages and details that your insurance agent needs to know about. Choosing your agent wisely should be your primary consideration. You need to choose someone who understands the trucking industry. In short, it’s important to choose a trucking agent – not just an insurance agent.
If you ever started a business before or investigated starting one, you already know it is not for the faint of heart. Getting into the trucking world is not any easier than starting any other business. Building a successful trucking operation doesn’t happen overnight and can take several years. There are several factors that go into it building a transportation business– and one of the major factors is insurance. Startups can grow to fleets as well as fall into the weeds. It is a complicated industry to venture into as a new business owner, so there are a few things that truckers striking out on their own need to know.
If you have a dump truck business, you know you need to have the right insurance. Your trucks and your business are your livelihood, so you need to make sure that your vehicles and your business are protected. But the only thing is that getting insurance for dump trucks sounds expensive. We’re going to explain what affects the cost of dump truck insurance for your business and give a few tips for lowering the cost of your dump truck insurance.
