Trucking

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.

Autonomous trucks are on the horizon, and the new technology they entail will hopefully improve safety. But that won’t happen any time soon—and certainly not soon enough to provide any relief to the current driver shortage crisis.

To succeed in the trucking insurance market, independent agent John Glinski III says “you either have to have both feet in or both feet out. You can’t really dabble in it.”