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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

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

Dan Baker on how to treat people in the trucking industry (Podcast)

Dan Baker is a member of The DE-RISKING Network and was a speaker at the 2019 DE-RISKATHON.
 
Dan Baker has spent his career working with trucking companies, drivers, and driver managers to help humanize the industry. 
 
 
What differentiates companies that drivers love and those they don't? 
People don't remember what you say or what you do. They remember how you make them feel. Does it feel good to go to work in the morning? Do they like who they are working with?
 
Some companies elicit great feelings because of the way they treat drivers, customers and employees. These companies focus on having a personal connection with everyone. This is the only way I know to do it. And it makes a big difference.
 
People respond based on how they perceive that you perceive them. Every interaction counts.
 
How are different generations impacting the trucking industry?
For the first time in the history of the world, we have 5 generations of people working and driving trucks at the same time.This has never happened before, and it's increasing the tension in the workplace.
Topics: Transportation Leadership / Strategy

10 Ways to Celebrate Truck Driver Appreciation Week

National Truck Driver Appreciation Week runs from September 8-14, 2019.

Truck drivers are amongst the hardest working people committing their lives to tackling one of the toughest jobs in America. So, with Driver Appreciation Week fast approaching, you may be looking for ways to honor your valued road warriors. In reality, there aren't enough ways to thank your drivers for all they do, but here is a list of 10 ways to celebrate this important week. 

Topics: Transportation

An Update on The Truck Driver Shortage

The “Trucking Generation” is still on the verge of retirement.

In 1994, 60% of the truck drivers were between the ages of 25 and 44. In 2018, 55% of drivers are over the age of 45. This group of truck drivers, known as the “trucking generation,” is aging and on the verge of retirement.

Breakdown of Truck Drivers By Age

Driver turnover is actually down (to 78% from a peak of 98% at the beginning of 2018)!

The driver turnover rate peaked at 98% in the first half of 2018 before decreasing to the current rate of 78%. Companies are paying their drivers more which is working to keep drivers in place. At the same time, the freight market is softening which, according to Bob Costello, chief economist for ATA, leads to lower driver turnover.

 
Topics: Transportation Leadership / Strategy

Dan Baker Says Trucking Is About People, Not Data

Dan Baker is a member of The DE-RISKING Network and speaker at the 2019 DE-RISKATHON.
 
Dan Baker has spent a career working with trucking companies, drivers, and driver managers to help humanize the industry. Here is a summary of a recent conversation we had with Dan in anticipation of his talk at The DE-RISKATHON in Milwaukee.
 
 
What differentiates companies that drivers love and those they don't? 
People don't remember what you say or what you do. They remember how you make them feel. Does it feel good to go to work in the morning? Do they like who they are working with?
 
Some companies elicit great feelings because of the way they treat drivers, customers and employees. These companies focus on having a personal connection with everyone. This is the only way I know to do it. And it makes a big difference.
 
People respond based on how they perceive that you perceive them. Every interaction counts.
 
How are generations impacting the trucking industry?
For the first time in the history of the world, we have 5 generations of people working and driving trucks at the same time.
Topics: Transportation Leadership / Strategy