insurance

Guaranteed-issue life insurance from NAIT

The National Association for Independent Truckers' fairly new life-insurance offering is available to trucker members (membership is $11 monthly) on a guaranteed-issue basis -- up to $50,000 worth in coverage, $25,000 for a spouse.

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Pay attention to these factors driving physical damage insurance costs for owner-operators

“Typically, the stated value of the vehicle is important, but the driving factor behind premiums is the MVR,” said Courtney Wilson, president of 1st Guard Insurance Co.

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Liability coverage increase on backburner, Progressive rep says

Talks heated up late in 2014 about a potential increase to the current $750,000 minimum, but other regulations, such as changes to the CSA system and an electronic logging device mandate, have seemingly cooled any agency action on the subject.

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Pay less for insurance

While the liability minimum debate continues, you can still lower your premium.

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Hourly driver pay, insurance increase part of Senator’s truck safety bill

A bill introduced last week in the U.S. Senate would if passed require employers to pay truck operators for all hours worked, rather than solely per-mile pay, and double the minimum amount of liability insurance required to be held by motor carriers.

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Restart rollback: Congress could take further action on hours regs, block insurance increase rule

A bill introduced in the U.S. House this week would is passed further entrench the suspension of certain 2013 hours-of-service rules and block the DOT from proceeding with a rule to increase the minimum amount of liability insurance required of motor carriers.

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‘Help us stay in business’: Owner-ops tell FMCSA insurance increase would shut them down

Owner-operators say they fail to see the need for an increase to the minimum amount of liability insurance required of carriers, and they’re afraid an increase would drive premium costs to a point that would force them to close shop.

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Comment period closes tonight for FMCSA’s work to increase carrier insurance minimums

The public comment deadline on a rule that could increase the amount of liability insurance required to be held by carriers ends Feb. 26, and carriers and other industry stakeholders have until midnight 11:59 p.m. Thursday to submit their input.

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DAT: Insurance increase would impact owner-ops most, increase not justified

An increase in the minimum amount of liability required for trucking companies would adversely affect owner-operators and smaller carriers at a disproportionate rate and may even force them to close shop, according to recent analysis from DAT Solutions.

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FMCSA’s liability insurance questions: Before rulemaking, agency asks trucking about premiums, adequacy of coverage, self-insurance and more

Carriers have until Feb. 26 to offer their formal input on FMCSA's request for input on a potential liability insurance increase. Here are some of the topics and questions the agency is seeking trucking’s input on.

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