Insuring Young Truckers Depends On Experience and Safety History
The widely held belief that commercial drivers under the age of 25 cannot be insured is a myth, but it will be expensive. A new rigorous Safe Driver Apprenticeship Pilot…
How FMCSA’s Possible Safety Measurement System Changes Will Affect Trucking Insurance
Actively managing the Safety Measurement System (SMS) scores is crucial to motor carriers, underwriters, and how risk is measured in the trucking industry. It will only become more central to…
How A New Venture DOT Audit Could Increase Insurance Rates
As a new entrant motor carrier, you must undergo a safety audit within the first six to 18 months after receiving their DOT number to ensure compliance with applicable Federal…
What Carriers Need To Haul Into Canada
General freight liability coverage minimum must be $1,000,000 instead of FMCSA’s $750,000 minimum and the truck cargo coverage depends on Gross Vehicle Weight (GVW). Many U.S. carriers look to increase…
The Important Difference Between Freight Forwarders And Freight Brokers
For many, it can be difficult to distinguish between a freight broker and freight forwarder as the terms are often used interchangeably. However, there are important differences from what they…
Insurance Broker Bonds 101: What To Know About Freight Broker Bonds
A freight broker bond (BMC-84) is required by the FMCSA for freight brokers before receiving a freight broker license. An insurance broker bond is a promise that brokers will develop…
How Company Acquisitions and Multiple DOT Numbers Influence Insurance Risk
When companies are acquired, getting a new DOT number is going to increase insurance rates because there is naturally higher insurance for a new entrant who has no safety history…
FMCSA Hours of Service Changes Effective September 29, 2020
Next month, drivers will begin operating under the new HOS regulations after the rule was debuted on May 14, 2020. These HOS rule changes were in response to the HOS…
