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How Truck Companies Can Use Data to Improve Safety and Gain a Competitive Advantage

In the modern age of technology and innovation, the trucking industry has seen a significant shift towards the use of data and analytics to improve safety and increase efficiency.

As truck companies face ever-increasing competitive pressures and rising safety concerns, the importance of utilizing data to gain a competitive edge cannot be overstated. In this blog post, we will explore how truck companies can use data to position themselves uniquely, gain competitive advantages, and reduce the risk of accidents on the road.

Topics: Transportation Safety / Compliance

Lobbying for Trucking: Lawsuit Abuse and a Grassroots Effort for Change


Topics: Transportation Leadership / Strategy

What Is Insurance Fraud?

You’ve probably seen a movie or two where the big reveal at the end is that the bad guy was committing some sort of fraud for a big payout. Maybe they were orchestrating a giant scheme to swindle people or faking some sort of injury for a big healthcare payout. Either way, the root of their devious plot was probably some kind of insurance fraud. But insurance fraud isn’t just something from the fictional media—there are real forms of insurance fraud that are punishable by law and that do occur in real life. 


So what is insurance fraud really? Insurance fraud is a deliberate action to deceive done by either the buyer or seller of an insurance policy. Insurance fraud is illegal and punishable by law. Insurance fraud perpetrated by the seller could include selling fake policies, churning policies for higher commissions, or failing to submit premiums. Buyers or third-party claimants can commit fraud by exaggerating or padding claims, falsifying history or claims, or faking payout events like a kidnapping. While those may sound like a movie plot, these types of fraud can happen and can have very serious consequences. The most common type of fraud is a policyholder exaggerating a claim while faking a dramatic kidnapping is rare.


Topics: Transportation Safety / Compliance HR / Employee Benefits

The Most Common Insurance Fraud Types


What’s one word that sets off warning bells for most of us? Fraud, especially in the insurance world. For both policyholders and brokers, insurance fraud is a stressful and high-alert concern—unfortunately, fraudulent insurance activity steals at least $80 billion every year.

An especially challenging part of insurance fraud is understanding the different sources of fraud and the ways it’s committed. Insurance fraud includes organized crime activity that steals money via business dealings, insurance provider professionals who inflate, overcharge, or don’t actually provide insurance protection, and average citizens who see an opportunity to illegally make money with a faulty insurance claim.

Both policyholders and insurance brokers can both be victims of fraud, which is why there are more and more efforts being put into preventing fraud. The first step for anyone who wants to be prepared for fraud is to learn about the potential risks and fraud vulnerabilities. So, without further ado, here are the most common insurance frauds and how insurance companies mitigate risk.


Topics: Transportation Leadership / Strategy HR / Employee Benefits

Risk Modeling: What to Know About Risk Models

We’ve all heard it in the business industry: “no risk, no reward!” But we hear it for good reason—business efforts are never totally risk-free. Still, companies are constantly working on minimizing risk and maximizing their profit, which can really only be done through intentional, data-driven decisions. Finding new ways to predict and manage risk is a big part of an overall business strategy. 

The real question is how do business leaders and decision-makers measure, evaluate, and minimize risk? Industries like finance, transportation, manufacturing, and construction are finding more success by using a better and more reliable tool called a risk model.


Topics: Transportation Leadership / Strategy HR / Employee Benefits

What Is Fleet Insurance? | HNI

Many companies have a fleet of vehicles to help them run their businesses. From trucks to taxis to construction vehicles, fleet vehicles are pretty crucial to so many industries and businesses. But if you’re using fleet vehicles, you should also make sure your entire fleet is insured. After all, insurance is there to help protect your business and help you stay afloat should something happen. But to insure your fleet, do you have to get insurance for every vehicle? Nope. That’s where fleet insurance comes in. 

Topics: Transportation

Building a Safety Culture in 8 Steps | HNI

Even if your business is lucky enough to avoid on-the-job injuries, an unsafe work environment will still take its toll on your workforce. We as human beings are deeply influenced by our surroundings, and when we find ourselves in an unsafe environment we become anxious and start to look for a way out — whether we recognize it consciously or not. As such, unaddressed workplace safety issues can easily lead to employee absenteeism, poor quality of work, and increased turnover (along with the more obvious risks of injury or death).

With so much on the line, organizations across all industries are recognizing the importance of a culture of safety in the workplace. Here, we discuss 8 steps for building a safety culture. But first, let’s define what a safety culture is, and what it can mean to your business.

Topics: Construction Transportation Safety / Compliance Manufacturing

US DOT Insurance Requirements

The trucking industry is a fast-paced and often hazardous business, which means it’s necessary to have certain security measures in place. If you transport anything in the U.S., be it people or cargo, you are required to have some kind of liability insurance, which is enforced by the Department of Transport (DOT). Not only is insurance a wise use of money, but without it, you won’t be able to receive a USDOT number, which is what allows you to legally transport goods in the U.S.

USDOT insurance is ultimately designed to keep you and your business safe while on the roads, as well as the people or cargo you transport. Insurance covers any damaged goods in transit should an accident occur. It also covers the cost of injury to employees, passengers, or another third party. Requiring liability insurance not only protects the public and your company but also reduces the number of accidents related to commercial vehicles.

Topics: Transportation Safety / Compliance

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