New Jersey’s leading insurance trade group says umbrella coverage is likely the way to go for fleets looking to meet the state’s new $1.5 million minimum.
New Jersey is raising its truck liability insurance requirement to $1.5 million, one of the highest in the U.S.
The best way to attract and encourage safety practices within an organization begins with a top-down approach, according to Reliance Partners’ Robert Kaferle.
By implementing a strong safety and compliance program — like Reliance Partners can help them build — carriers can minimize risk and pay less for insurance.
The podcast covers three topics: truck insurance, its impact from AB5 and what links prices for natural gas and diesel to the removal of sulfur from fuel.
Federal regulators told Congress that insurance companies are refusing to share data about the costs of claims from truck and bus accidents.
Underinsuring your truck can leave you on the hook for thousands of dollars in the event of an accident.
Big Benefits for Small Fleets: The CarrierHQ Difference
U.S. House passes the five-year surface transportation reauthorization that boosts truck insurance requirements and mandates automatic braking on new trucks.
Compliance reviews can catch any motor carrier off guard. Reliance Partners’ John Seidl encourages participation in mock audits to reveal and correct violations before the federal government does.
Sahej Singh steps through Reliance Partners’ usage-based and API insurance offerings for the transportation and logistics industry.
Commercial truck insurance cost variables
Shipment-specific insurance coverage is now available from UPS Capital directly through InMotion Global’s AscendTMS. InMotion Global has also partnered with Superior Trucking Payroll Services for payroll options.
Reliance Partners’ Jordan Chastain explains that controlled growth is the key to successful fleet scalability.
“Nuclear verdicts are destroying the excess market. Until someone puts a leash on these lawsuits, I don’t see prices going down that’s for sure,” said Reliance Partner’s Joe Schreiner.
Amendment more than doubles current minimum of $750,000 for commercial trucks
KeepTruckin has started a petition asking congress to extend forgivable loans to cover truck lease/purchase payments and insurance costs.
It’s shut down businesses and thrown planning into turmoil. No, it’s not COVID-19. It’s the rising insurance rates that trucking companies have been facing over the last few years. The problem seems to have gotten particularly acute in the last year or two and insurance rates have been cited by several trucking companies as a […]
Insurance spikes can be attributed to the ongoing threat of nuclear verdicts.
Covenant Transportation’s Joey Hogan and Jet Express’ Kevin Burch talk capacity, insurance, trucking’s image and a lot more in wide-ranging discussion at ACT Research event.
Market softness, excess capacity, weak demand and soaring insurance costs and claims were the near-term challenges highlighted on Landstar’s conference call.
Trucking insurance continues to get more expensive. Chris Henry and Daniel Pickett provide information about captive insurance agencies.
Even with all the publicity about the electronic logging device mandate, this year’s Roadcheck safety blitz in June still saw 37.2% of drivers placed out-of-service done so because of hours-of-service violations.
Deciding to purchase a Class 8 truck is a large and serious investment. Truck drivers often dream about the day they drive their very own Class 8 vehicle off the lot. However, these commercial machines are not cheap nor is it an easy task to keep up. Whether you are planning to start or expand […]
Minimum coverage would increase from $750,000 to almost $5 million.
While a proposal to increase minimum insurance levels is off the table for now, that hasn’t stopped advocates from pushing carriers to increase those limits above the current minimum of $750,000, which was set in 1983.
