Posts Tagged ‘Insurance Costs’

Insurance – COVID-19 impacts Premiums and Renewals

The financial effect of the Coronavirus pandemic has been widespread among the citizens and businesses of the United States. As many people are being temporarily laid off, the economy has taken a swift downturn. Most people are only purchasing essentials.

Many businesses have been forced to close their doors because of the loss of revenue. Some... Read More

How Reporting Reduces Insurance Costs and Litigation Risk for Transportation Firms

Truck driver logs his work in a notebook | Insurance costs and litigation risk

Nuclear verdicts are on the rise, now more than ever. With these verdicts totaling $10 million or more each, this presents a real threat to your business.  In fact, the rise of nuclear verdicts has resulted in many trucking companies going out of business, and many insurance carriers are exiting the trucking industry completely. With insurance costs and... Read More

Why Documentation is Key to Risk Mitigation

risk mitigation

What are your biggest risks in the trucking business? Apart from road conditions, hazardous freight, and unpredictable passenger vehicles, your biggest risks are financial. How do you make wise choices, mitigate costs, and stay on the black side of your ledger? Discover how the key to risk mitigation is frequent training and... Read More

8 Ways to Cut Your Insurance Costs

Cut Insurance Costs

An excellent driving record and better driver training for all your drivers means enhanced business, maintaining good relationships with clients, and managing costs. It affects road safety, CSA performance, litigation, and interactions with law enforcement. It’s a pretty simple formula, but one that can make or break your trucking... Read More

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