“More and more technology is being used by insurance companies for underwriting purposes,” says independent agent Ben Hogan. “Whether it’s tracking Department of Transportation safety scores, telematics or dash cameras, there are so many ways for insuranc
Market pressures, such as inflation, an aging workforce, falling freight rates and an evolving, dynamic marketplace, are impacting the cost and availability of trucking insurance.
As trucking gains greater importance in the U.S. economy, agents have an opportunity to grow their commercial auto book or even enter the market for the first time.
“Many carriers and agents are pulling out of the market, and it is a great time for us to offer a solution for businesses that are struggling to find coverage and are feeling like they are being neglected,” says independent agent KylE Houck. “If we can pr
Along with driver shortages and a spotty post-pandemic economic recovery, social inflation and nuclear verdicts are driving market disruption.
All businesses, and in particular trucking, should be aware of the increasing cyberattack risk which has ballooned during the pandemic. Here are some ways agents can help their trucking clients protect themselves.
While hard market conditions continue within the trucking industry, clients continue to shop around for better rates. Here are three ways to assist clients in getting the best rate and coverage to meet their needs.
The trucking industry is leading the charge in quelling consumers appetites for critical goods during the coronavirus pandemic. As more people work from home and consumer demand continues, could the industry be poised for success in 2021?
“Historically, trucking was a high initial investment and a sophisticated industry to enter,” says independent agent Kelley Culley. “But in the past few years, many of those barriers to entry have dissolved.”
As the trucking market reacts to cascading nuclear verdicts, rising settlements and higher demand, insurance agents must raise their game. Here are four ways agents can help their trucking clients manage risk.
