Author: Shelly

The Insurance Zone: THE TRUMP BUMP Means Big Bucks for Truckers

Who can really trust a poll for exact numbers anymore, but suffice to say that most of us in trucking tend to be conservative and patriotic so it’s not surprising that Trump received BIGLY support from individual drivers, organizations like Truckers for Trump and even the Big Boys representing fleets. What happens now? Proposed changes in the tax code benefit Owner Operators and Motor Carriers alike, and the removal of the Obama Care mandate should also result in more money in your pocket as competition reduces cost and deductibles for health insurance. It’s also unlikely there will be future...

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The Insurance Zone – Rules of the Road

A Practical Guide to Legal Issues in Truck Transportation Are you ready to kick off the new year with a new spring in your step and confidence 2017 will be more profitable than 2016? Then it’s time for a little homework. Whether you’re an existing Motor Carrier/Broker or wish to become one, this handy dandy guide will help you remember what you used to know or teach you what you SHOULD know about truck transportation. Hank E. Seaton, Esq of the Law Office of Seaton & Husk, L.P. has produced a short, approachable, easy to read reference book that’s...

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The Insurance Zone – Why I’m a Multi

Last month’s article and blog generated feedback from Multis who are ‘doing it right.’ I agree emphatically that the Multi model CAN be done correctly but has been bruised by some bad apples. Here’s some of the feedback I received of “Why I’m a Multi” from Owner Operators who haul for more than one Motor Carrier: “Leverage” was stressed in multiple discussions. Multis believe they have leverage over their Motor Carriers when they run for more than one company because they feel they can tell which company and dispatcher is working hardest for them based on the loads provided....

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The Insurance Zone: Why do under 10K GVW units carry $1 Million Liability?

Arguments are certainly made that since FMCSA only requires Cargo Vans and Sprinters hauling across state lines to carry $300K in Liability, why carry $1 Million? District Court S.D. Texas Canal v Williams Logging set a precedent that under 10K GVW units which were NOT listed on a Motor Carrier’s policy were exempt from the MCS-90 promise to the public under the statutory exception for minimum weight. So when a Motor Carrier promises Trucking for Hire limits of $1 Million Commercial Auto Liability on an Acord Certificate of Insurance, it’s reasonable for the shipper to expect that coverage is...

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The Insurance Zone: Why do under 10K GVW units carry $1 Million Liability?

Arguments are certainly made that since FMCSA only requires Cargo Vans and Sprinters hauling across state lines to carry $300K in Liability, why carry $1 Million? District Court S.D. Texas Canal v Williams Logging set a precedent that under 10K GVW units which were NOT listed on a Motor Carrier’s policy were exempt from the MCS-90 promise to the public under the statutory exception for minimum weight. So when a Motor Carrier promises Trucking for Hire limits of $1 Million Commercial Auto Liability on an Acord Certificate of Insurance, it’s reasonable for the shipper to expect that coverage is...

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The Insurance Zone – Inside or Outside Claims Adjusters

Talk about a bad day. You’ve had a long run and some idiot just cut you off and in order to avoid hitting another car you’ve run off the road and into a bridge. (Could have been worse, you could be over the bridge and in the river below.) Thankfully you’re not hurt but your unit is badly damaged. You reach into the glove compartment for your insurance card and call the number. The Claims Rep you are assigned makes all the difference in ending that bad day or dragging it into weeks. When an insurance company uses their...

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The Insurance Zone – General Liability vs Auto Liability

For a full commentary surrounding the current confusion on this subject please go to: expeditersonline.com/trucking-blogs/risky-business For a full commentary surrounding the current confusion on this subject please go to: expeditersonline.com/trucking-blogs/risky-business Auto Liability insurance pays out when you hit someone or something with your vehicle. Here are a few examples of what a General Liability policy covers: Customers slipping and falling on your premises An erroneous delivery of products resulting in damage Damages or fire caused by your actions at a rented location (i.e. motel) Libel and slander Using someone else’s logo in advertising without permission Even if you purchase...

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The Insurance Zone – Why Are Insurance Rates So Different For Tom And Jerry?

That’s the question I hear weekly and struggle with because I often can’t explain why Tom in TX pays Four Grand while Jerry in TX pays Ten Grand. Agents and Direct all have the same quoting platform and simply key in the Classification as Expediter rucking for Hire with Unlimited Radius as required by most companies. Based on similar location, driver age, violation history and experience credits, why DOES Tom get a break on rates while Jerry does not? Everyone has heard the pat answer, “Insurance underwriters use many factors to determine risk acceptability and the premium charged. A...

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The Insurance Zone – Example of Denied 'Day-Trader' Claim

An insurance provider has declined coverage for a claim by a 'Day-Trader' Owner Operator. Reportedly the Owner Op called the insurance provider “Direct” one night to reduce coverage “he didn’t need” in order to save some money on his premium. He insists he called “Direct” again a few days later to put the coverage back on “for when he did need it.” Well an accident has occurred, and “Direct” says there is no record of the second call to add the coverage back on the policy. Bottom line, there is a sizable loss that the Motor Carrier will be...

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The Insurance Zone – Transportation Risk Specialists and YOU

Whether you’re a Motor Carrier or Owner Op, expect a professional TRS Insurance Agent to know what coverage you are required to carry by all of the major Expedite entities. Anyone quoting you with lower limits in the beginning of your term then increasing those limits to the standard you need in order to actually GET loads just starts you out on the wrong foot with Brokers, Shippers, 3PLs and other Motor Carriers. Beware of dramatically low insurance quotes and financing because in the end, no big surprise when the insurance company increases your premium after the full risk...

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