insurance

Hotshot trucking: How to start

Going into hotshot as an owner-operator is in a lot of respects no different from moving into business with a Class 8. The biggest differences lie in equipment choices and, for a leased owner-operator, getting used to operating under your own authority.

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Pay the drivers, already: Voices on the future of the industry

A letter from Robert W. Walker Jr. of Ohio, commentary from owner-operator Tilden Curl. Curl believes removal of the self-insurance option for motor carriers is key to driver value and long-term health of the industry.

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Liability insurance increase for carriers could see delay, may never come, ATA says

Owner-operator concerns over regulators’ seemingly quick work to produce a rule to raise the minimum amount of liability insurance trucking companies must have could be much ado about nothing, says ATA's chief of advocacy.

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Audio mailbag: Liability insurance, sleeper berth flexibility

The first in a series of Voices podcasts airing editorial comment on a variety of issues, here stemming from discussion of both sleeper berth period flexibility and FMCSA's planned liability insurance hike in D.C. Call 530-208-6423 at any time to record a message.

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Division on liability insurance hike in the spotlight at regulatory meeting

An FMCSA advisory committee discussion offered insight into how the agency will proceed with its rulemaking to increase liability insurance minimums and the potential consequences facing small business truckers if and when an increase occurs.

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Insurance increase rule, speed limiter rule running behind FMCSA’s projected schedule

File this under “no news can sometimes be news” — Two trucking-related federal rules in the works have missed projected schedules for their advancement through the rulemaking process.

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+25 percent: What double the liability insurance coverage will likely cost

One insurance rep cites a likely 25 percent increase in premiums for independent owner-operators boosting $1 million liability coverage to $2M. More on FMCSA's expected insurance-hike proposal here.

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What will a mandatory minimum insurance hike cost an owner-operator?

Liability insurance, particularly for new owner-operator businesses, can rank number one for in fixed costs for an independent without a truck payment -- $10K a year or more for a new business. If you've boosted your total coverage amount from $750K or $1 million upward in recent years, how much more did you subsequently pay in premiums?

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Independents: How much liability insurance do you carry?

With FMCSA preparing a rule to increase the minimum level of required liability insurance for carriers, this rule probes current levels of coverage among owner-operators with their own authority.

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Who says truckers can’t agree?

In the wake of the scandal over the Maxim ad, Wendy says, "let congress know how much of a target the trucking industry will be if the insurance minimums are raised from $750,000 to $4 million," as some have proposed.

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