The trucking industry is a fast-paced and often hazardous business, which means it’s necessary to have certain security measures in place. If you transport anything in the U.S., be it people or cargo, you are required to have some kind of liability insurance, which is enforced by the Department of Transport (DOT). Not only is insurance a wise use of money, but without it, you won’t be able to receive a USDOT number, which is what allows you to legally transport goods in the U.S.

USDOT insurance is ultimately designed to keep you and your business safe while on the roads, as well as the people or cargo you transport. Insurance covers any damaged goods in transit should an accident occur. It also covers the cost of injury to employees, passengers, or another third party. Requiring liability insurance not only protects the public and your company but also reduces the number of accidents related to commercial vehicles.

There are a lot of things that might set a great employer apart from a mediocre one, but one that’s extremely hard to overlook is health insurance. After all, the cost of healthcare in the US is on the rise, even outpacing the record inflation of the past few years. Employees want to know that their employers have them and their dependents covered before they’ll be willing to sign any contracts. 

But providing healthcare isn’t cheap. And, as we addressed in a previous blog post, simply spending more money on health and other employee benefits won’t necessarily bring in the kind of ROI you might expect. 

As a business owner, it’s important to not only have the right equipment and services but to protect your equipment and services, too. That’s why insuring your trucking company isn’t just suggested—it’s essential to safely and profitably operate your business. Despite increasing truck insurance costs, you can find the right type of coverage for your operations that will increase your confidence and reliability while decreasing risks.

Aside from basic liability insurance, there are other commercial truck insurance requirements that businesses old and new should meet. Here’s everything you need to know about insuring your trucking company.

We’re all pretty familiar with Murphy’s Law: something that can go wrong will go wrong. Right? Well, maybe not everything will go wrong in life, but there are certainly elements of risk with most things in business. Every company will have risks that could affect business somehow. Something could go wrong, and there could be problems—sometimes really big problems—from it.

I log a lot of windshield time. I’ve shared the road with more semis than I can count. But I had never been in a semi.

And that sounds like an important piece of the puzzle to be missing. And maybe a bit out of touch.

I log a lot of windshield time. I’ve shared the road with more semis than I can count. But I had never been in a semi.

And that sounds like an important piece of the puzzle to be missing. And maybe a bit out of touch.

I log a lot of windshield time. I’ve shared the road with more semis than I can count – taking note of load securement, equipment, logo and call-to-action for aspiring drivers. I have met with countless truck leaders, have interviewed their drivers, have digested the reg books alongside them and have even kicked off driver meetings. I’m very much in transportation.

But I had never been in a semi.

And that sounds like an important piece of the puzzle to be missing. And maybe a bit out of touch.

You might think that the more you spend on health care, the more your employees will value your contributions. But surprisingly, simply spending more doesn't get you a lot of additional recognition.

What matters more than how much you're spending is how your benefits are perceived by your employees.

With employee benefits being such a large investment for most companies and recruitment and retention on the line, it is critical that employees understand the value of their healthcare. So, what steps should you take to evaluate and accomplish this?

Are your Accounts Receivables being impacted by Covid -19?  Has your company’s cashflow been affected as a result of a downturned market?  Trade Credit Insurance could be the solution you are looking for.

What is Trade Credit Insurance in a nut shell?

Insurance that can protect a company against losses from non-payment or even very late pays to keep your company’s cash flow moving.