And what is more important? Controlling this year’s cost, or controlling the total cost of risk over the life of your business? Switching insurance carriers every year may seem cheaper in the short-term, but consider this if you have been a long-term client of an excellent trucking insurance company and agent, and you have a problematic claim, how much of your time and money goes into dealing with a cut-rate insurance carrier’s claims department? It’s possible that your equipment could be down longer, or that your shipper’s payment gets delayed, and then you have an angry customer. If the price you are getting is MUCH lower than what you had expected, then there’s a very good chance you’re either buying sub-standard coverage, or getting less coverage than what you really need. Here’s something to consider trucking insurance, by definition, is an expensive and intangible product. Naturally, cost is an important factor in your trucking insurance buying decision, as well as every decision we make in our personal lives.
#TRUCKING INSURANCE PROFESSIONAL#
Being with the wrong company can affect not only pricing, but claims experience, and this is one great reason to rely on the professional consultation of your trucking insurance agent. Insurance companies all have their “bullseye” of business that they want to write. Does this agent/agency specialize in trucking insurance, or just dabble in it? Do they understand what a federal filing is, and what CSA stands for? Can they define bobtail insurance, physical damage insurance and know what occupational/accident coverage is? Does this agent represent multiple trucking insurance companies, in order to match your business up with the carrier that can best accommodate your unique operation? A tractor pulling dry goods across the country is a totally different exposure to an intermodal hauler pulling trailers within a 50-mile radius. And believe it or not, I give this same advice to not only current customers, but even to prospects every year.
![trucking insurance trucking insurance](http://www.researchunderwriters.com/sites/default/files/styles/node_title_background/public/assets/images/page-banners/trucking-insurance.jpg)
For me, I always go back to my grandmother’s words, “if you don’t know your jewels, you better know your jeweler”. As a business owner, you want to make the best choice you can for your trucking company, but there are so many choices TO make: Choosing trucking insurance agents, trucking insurance companies, or buying your trucking insurance over the web, etc.
![trucking insurance trucking insurance](https://latorreinsurance.com/wp-content/uploads/Do-I-Need-Trucking-Insurance_com.jpg)
It’s easy to tell when your trucking insurance is coming up for renewal your phone starts ringing off the hook with shippers wanting updated certificates and insurance agents begging to quote your business.