If you own a fleet of trucks, you are going to have plenty of expenses. First, you actually have to buy the vehicles. Then, you have to worry about fuel and maintenance, which can be quite costly. However, you can’t forget about the insurance. This can be the biggest expense that you may have with your fleet. That being said, many people shop around until […]
Fleet Policy Insurance
A How-To Guide For Keeping Fleet Truck Insurance Costs Low
When fleet managers are tasked with the responsibility of finding the right insurance policy, the process can be a challenging one. Knowing what to look for in a policy is important and so is knowing how to determine the proper cost. There are a number of ways to keep these costs down, however. Companies who make the following decisions are able to reduce fleet truck […]
What to Include in Your Fleet Truck Insurance Policy
If you own or manage a fleet of commercial vehicles, making sure your investment is properly protected is very important. One very important part of this is having adequate insurance. When you are looking to provide insurance for your fleet of commercial trucks, there are several factors that should be taken into consideration and included in your fleet insurance policy. Standard Liability Insurance One of […]
How a Larger Fleet Can Lower Your Per Unit Premiums
Trucking insurance is a hefty business expense, no matter what provider you have. But as you scale your business, you can lower that proportion through overarching policies of driver safety, regular maintenance, and tracking your route data. Keep your insurance low with generally good driving even after an accident. If you’re a single owner-operator, a couple of claims or traffic accidents can increase your riskiness […]
Leverage Your Fleet for Fleet Coverage Instead of Individual Premiums
If your goal is to own your own trucking business, there are three general categories your company might fall under: a single owner-operator, where you want independence and to manage your own routes but you want to stay on the road; a small fleet of two to five trucks so you can start to manage your own drivers and start work on scaling your business; […]
Tap Into Crowdsourcing to Make Your Transportation Fleet’s Routes Safer
Popular trucking routes change all the time, and sometimes it’s difficult to understand why. It could be that increased pull-over inspections in Indiana are making truckers choose another interstate to avoid the slow-down, or different weight maximums are opening up previously barred highway systems to heavy trucks. While keeping up to date on regulatory trends is also part of managing a transportation fleet, knowing the underlying […]
Two Ways to Keep Fleet Truck Insurance Low as Your Company Grows
Scaling up the size of your fleet is always a risky proposition, especially with recent concerns about the future of the industry. However, with the right planning and a strong plan, adding semi-trucks to your company shouldn’t be a hazard to your company’s core; instead, it should help grow your company by reducing per unit expenses and making individual liabilities a smaller proportion of your expenses. […]
Know the Numbers Behind the Cost of Commercial Truck Insurance in Nebraska
Insurance is based on the numbers. Large-scale insurance providers factor in all the quantitative data they can get about your company and compare it to state and national norms in order to decide how risky you are to insure. The better you can get your numbers to look compared to other commercial trucking companies or other owner-operators, the lower your commercial truck insurance premium (and […]
Five More Months Until Proposed Deadline of Mandated Login for All Drivers
The Federal Motor Carrier Safety Administration released a federal mandate requiring all truck drivers to electronically document driving hours, but so far the administration has not released a plan on that requirement will be monitored. There are fewer than five months until the deadline for all truckers to switch from paper to electronics, and the mandate is supposed to go into effect and be enforced […]