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Commercial Truck Insurance Requirements

As a business owner, it’s important to not only have the right equipment and services but to protect your equipment and services, too. That’s why insuring your trucking company isn’t just suggested—it’s essential to safely and profitably operate your business. Despite increasing truck insurance costs, you can find the right type of coverage for your operations that will increase your confidence and reliability while decreasing risks.

Aside from basic liability insurance, there are other commercial truck insurance requirements that businesses old and new should meet. Here’s everything you need to know about insuring your trucking company.

Topics: Transportation Safety / Compliance

What Is Risk Mitigation and Are You Doing It Right?

We’re all pretty familiar with Murphy’s Law: something that can go wrong will go wrong. Right? Well, maybe not everything will go wrong in life, but there are certainly elements of risk with most things in business. Every company will have risks that could affect business somehow. Something could go wrong, and there could be problems—sometimes really big problems—from it.

Topics: Construction Transportation Safety / Compliance Manufacturing

Insurance guy rides in a truck (part 3 of 3)

I log a lot of windshield time. I’ve shared the road with more semis than I can count. But I had never been in a semi.

And that sounds like an important piece of the puzzle to be missing. And maybe a bit out of touch.

I was paired with a rock star of a driver who was key to helping me fully digest the driver experience. Here’s more of what I learned by cruising with Leroy for a day:

Top performing company – from a driver’s perspective

I look at my client’s trucking operation as elite. They’ve executed long term, profitable growth, they have happy drivers & high retention, they excel at employee engagement despite the long-distance nature of the industry and they have an enthusiastic and diverse team of leaders. And most importantly they’re never satisfied and are constantly chasing their next level.

Topics: Transportation

Insurance guy rides in a truck (part 2 of 3)

I log a lot of windshield time. I’ve shared the road with more semis than I can count. But I had never been in a semi.

And that sounds like an important piece of the puzzle to be missing. And maybe a bit out of touch.

I was paired with a rock star of a driver who was key to helping me fully digest the driver experience. Here’s more of what I learned by cruising with Leroy for a day:

Safety & risk from the driver seat

I talk risk & safety for a living, so I was really hoping to soak up some insight in thiscategory. And I wasn’t disappointed. I came away with a big revelation around the idea of complacency – but not in how I’ve heard it described before. I’ll circle back to this thought.

Topics: Transportation

Insurance guy rides in a truck (part 1 of 3)

I log a lot of windshield time. I’ve shared the road with more semis than I can count – taking note of load securement, equipment, logo and call-to-action for aspiring drivers. I have met with countless truck leaders, have interviewed their drivers, have digested the reg books alongside them and have even kicked off driver meetings. I’m very much in transportation.

But I had never been in a semi.

And that sounds like an important piece of the puzzle to be missing. And maybe a bit out of touch.

Topics: Transportation

If you spend more money on employee benefits, will that make you cool again?

You might think that the more you spend on health care, the more your employees will value your contributions. But surprisingly, simply spending more doesn't get you a lot of additional recognition.

What matters more than how much you're spending is how your benefits are perceived by your employees.

With employee benefits being such a large investment for most companies and recruitment and retention on the line, it is critical that employees understand the value of their healthcare. So, what steps should you take to evaluate and accomplish this?

  • Understanding where you currently stand – The best place to start for improving perceived value of your benefits program is the source, your employees. Understanding their current satisfaction and what they find valuable is key to developing a strategy and program that meets their needs. Many of your team members may have come from competitors and could also provide valuable insight as to how you stack up. Feedback can be gathered through methods like surveys or annual reviews (ask your HNI service team for sample survey questions or for other ideas on gathering feedback).
Topics: HR / Employee Benefits

Has Covid-19 raised concerns about collecting your Accounts Receivable?

Are your Accounts Receivables being impacted by Covid -19?  Has your company’s cashflow been affected as a result of a downturned market?  Trade Credit Insurance could be the solution you are looking for.

What is Trade Credit Insurance in a nut shell?

Insurance that can protect a company against losses from non-payment or even very late pays to keep your company’s cash flow moving.

Topics: Leadership / Strategy

Common Questions About the FMCSA's Emergency Declaration for Trucking Companies

Are loads that include supplies related to direct assistance under the emergency declaration mixed with other, un-related materials covered under the declaration?

Generally, yes, however, mixed loads with only a nominal quantity of qualifying emergency relief added to obtain the benefits of this emergency declaration are not covered.

Is a driver required to take a 30-minute break?

No, none of the hours of service regulations apply while the driver is engaged with providing direct assistance under the emergency relief exemption.

Topics: Transportation

HNI's Continued Operation Under COVID 19

A note from our CEO: How we’re operating under COVID-19.

These are difficult and unusual times. As Risk Advisors, this is when our commitment to helping our clients DE-RISK gets put to the test.

We are as committed as ever to your success, and are working extra diligently to help you prepare and answer questions about things like health care, insurance, and risk.

Coronavirus FAQs

What Is COVID-19?

The new coronavirus was first encountered in Wuhan, China, in December 2019.  It is believed that it originated with animals and spread to humans at a live animal market in Wuhan.  In February 2020, the World Health Organization (WHO) named it COVID-19.  As of March 2, the outbreak has affected an estimated 87,000 people around the globe, causing over 2,900 deaths.

Topics: HR / Employee Benefits