5 Factors Impacting Your Trucking Insurance Premium

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Background On March 1, 2016, WRAL Investigates reported that North Carolina Insurance Commissioner, Wayne Goodwin, is pressing state lawmakers to tighten regulations over commercial vehicle insurance. His reason being, out-of-state trucking companies claiming in-state residency to obtain North Carolina’s lower insurance rates. In fact, NC boasts some of the lowest vehicle insurance rates in the […]

Captive Insurance: Take Control of Your Insurance

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Often perceived as an option solely for Fortune 500 companies, captive insurance companies are becoming more accessible than ever for small- and mid-size companies. What is an Insurance Captive? For those considering joining a captive program, it is essentially an insurance company. The captive operates like a commercial insurer; however, the insureds are oftentimes key players in […]

Know Your Drivers: Employees or Owner Operators?

High-visibility suits in recent weeks against FedEx Ground and Amazon underscore the importance of properly classifying drivers as owner operators or employees. With more than 30 states now toughening their laws, the costs and risks of misclassification are mounting. Whether your firm does it intentionally or accidentally makes little difference; you’re likely to face a […]

Public Views on Minimum Insurance Requirements for Truck Drivers Wanted

Should the U.S. raise the minimum mandatory commercial truck insurance coverage levels? There are proponents on both side of this issue. The Federal Motor Carrier Safety Administration (FMCSA) launched a public poll on the minimum financial responsibility for motor carriers in December 2014. FMCSA is seeking public comments on these topics. The public investigation is […]

Welcome to the Trucking News & Insurance Blog

The transportation industry comprises the backbone of the American economy, and is fundamental to our way of life. This makes the ongoing success of such businesses in the best interest of everyone. Yet most trucking operations lack appropriate coverage to protect their business in the event of a collision, accident, burglary, liability claim, force of […]