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.
When it comes to trucking insurance, independent agency president Lance Smith says you should know not just insurance but also the issues and obstacles your clients face every day.
Rate increases over the past decade, higher loss severity and a myriad of regulatory changes have made the commercial trucking insurance market almost impossible to navigate.
An insured was hauling asphalt for hire when their truck overturned, spilling the load and damaging the mowed and kept medium area. Who pays for the cleanup?
Fleet managers around the U.S. are doing everything they can to get a handle on costs and technological developments in the trucking sector. As your agency looks ahead to 2020, here are two trends to discuss with your trucking insureds.
E-commerce is the driving force behind groundbreaking technological trends in the trucking industry, which is likely to become the leading transportation sector when it comes to autonomous vehicles.
As a trucking insurance specialist, independent agent Toni Jones cites challenges from rising premiums to a lack of qualified drivers. “These types of accounts can be notoriously difficult to place,” she says.
Before transitioning to a career as a trucking and transportation insurance specialist, Tracy Lange spent nearly three decades in the health care field. “You think everything’s going to translate from helping people who can’t breathe,” he says. “But it tu
Insuring the freight transported by America’s motor carriers can be an exceptional opportunity for independent agents—but it can also lead to errors & omissions claims.
The current trucking insurance marketplace escapes simple “soft” or “hard” market categorization—it’s much more complex.