Posts Tagged ‘litigation mitigation’

Nuclear Verdicts: Three Steps for How Your Firm Can Avoid Them

A truck driver's dash while driving including a gps unit | nuclear verdicts

Nuclear verdicts quadrupled last year, leaving hundreds of carriers out of business and thousands of drivers out of jobs.

And while there is a great appetite out there for the “deep pockets” of the trucking industry, with a few tweaks to your training and documentation system, you can insulate yourself from them.

How can I protect my... Read More

The effects of nuclear verdicts on the trucking industry

A close-up of police lights at night | Nuclear verdicts

In 2019, trucking bankruptcies quadrupled due to nuclear verdicts. The strategy seen in courtrooms time and time again involved plaintiff’s attorneys pleading to the juries’ “better angels” to award families millions of dollars as a result of a crash with a truck. This is with or without the trucker’s fault and seems to have no relationship to... Read More

Rising Insurance Premiums for Transportation Firms: What are the Causes?

A driver leans against his truck tire as he takes a break | Rising Insurance Premiums for Transportation Firms

In the last couple of years, insurance premiums for transportation firms have been skyrocketing, and there’s no end in sight. The best trucking companies with the best CSA scores see a 20 to 30 percent increase, while other companies can see a double and even triple increase. Why are we seeing rising insurance premiums for transportation firms and what... Read More

Marijuana Legalization: DOT to Audit Drug-Testing Policies

Marijuana Legalization

The U.S. Department of Transportation is reviewing its drug policies in light of marijuana legalization. And it looks as if the policies are about to get tougher.

Marijuana Legalization: DOT to Audit Drug-Testing Policies

Currently, marijuana is allowed in various state-regulated forms in 33 states. That means 95% of the country’s... Read More

Records. Records. Records. The Key to Mitigate Risk

mitigate risk

You’re in a risky business. Every business has moving parts, but yours weigh several tons and are rolling down the road at 60+ miles per hour. Every business has financial risks, but yours include millions in cargo, as well as serious health and safety hazards. Your risks can lead to devastating financial losses, as well as the loss of human life.... 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

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