Transportation is a very high risk, high reward industry and is riddled with regulations surrounding insurance. Join us as we debunk many of the common commercial trucking insurance myths. 2.9.2022
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0:00 Intro and background
4:00 What a carrier getting an MC should consider to do when getting insurance
5:35 Why insurance is so expensive
8:34 CDL for box trucks and semis
9:24 Impacts of NVR and how violations affect this. Driver experience
11:02 NVR Driver preference / consideration
12:46 Main incentive to pay for insurance premiums outright vs monthly insurance installments
14:40 Cargo, General Liability, auto-mobile,, and physical damage liability break down
18:38 What is Comprehensive Insurance, and why it might not be enough
21:40 General Freight
23:25 Permits for hauling items such as beer, alcohol and different types of freight and why one should explicitly list each individual item
25:27 U.S Mail / U.S Postal Service
28:38 Car Parts
31:05 Shield load and in between time coverage (Single Load Coverage)
32:52 Standard Cargo Policy
34:44 Insurance agency customer service in relation to educating carriers
37:07 Workers Compensation breakdown
39:20 UIIA defined and why you require it
43:10 What is to "lease on" to a carrier? How it works
48:11 Additional coverage for hot shot, flat beds and vacuum trailers
51:35 Seafood. Why it is classified differently and how to get full coverage
54:20 What is to indemnify/and who is a certificate holder?
1:00:59 Interpreting safety scores
1:03:07 What is a good safety score?
1:04:13 Audience comments and advice
1:06:11 How much experience one needs to get insured at a reasonable price
1:07:11 What is a good age for an Authority to be insured
1:08:00 How to secure a truck and get the necessary documentation
1:10:36 Closing remarks
1:12:03 Outro