How to ensure the best trucking insurance rate

Getting the best rate for your commercial transportation insurance can be a time consuming and daunting task. While the quality and personalization of your policy is important, achieving the best possible rate is equally essential. The insurance industry is becoming more and more competitive, which gives the consumer a bit of leverage when choosing a policy. At Network Truck Insurance Services, Inc, our skilled agents work diligently to find the best possible quotes. While partnering with an agency helps you get the best rate achievable, these easy-to-follow tips will also help you get the lowest rate on your commercial insurance premium.

Ensure Truck Safety

While searching for commercial transportation insurance, be sure to keep safety in mind at all times. Be sure to keep the truck, its mechanics and tires in good condition. A well maintained truck can translate into lower truck insurance premiums. Also, be sure to know what the Department of Transportation inspection entails to be sure that your vehicle will pass.

Maintain a Clean Driving Record

It is best to keep a clean driving record before embarking on a new commercial insurance policy. You and your drivers’ record will affect your insurance premiums. Insurance companies will consider how many years you have been driving, commercial driving training and general ability to drive safely.

Check Credentials

Get your commercial transportation insurance from a leading insurance provider. Network Truck Insurance Services, Inc works closely with leading insurance companies such as Progressive, Lloyd’s, Great American Insurance Group, and CCIC among many others.

Do Not Compromise on Coverage

Going with a lower insurance premium is not always the most viable option if your coverage is compromised in any way. Always consider the terms, conditions and extent of coverage. A skilled agent will be able to ensure proper coverage for your business.

A quick lesson on cargo coverage

When our clients receive their annual cargo policy, it generally gets safely filed away completely unread. After all, thumbing through hundreds of pages of insurance verbiage isn’t exactly the most enthralling task as a business owner. Clients more often prefer to trust their agents to choose the correct cargo policy to meet their trucking business needs. And while our expert agents strive to provide the most complete coverage, clients should have an understanding that each cargo policy is often drastically different from the next. Being familiar with policy exclusions can be extremely helpful for the policy owner, as needs and operations may change throughout the life of their policy.

Each insurance company reserves the right to create their own version of a cargo policy. Each policy contains its own general set of unique exclusions and enhancements that should always be taken into account when choosing a policy to suit your trucking business. For example, commonly excluded or items in cargo insurance policies include: alcohol, tobacco, silk, jewelry, electronics, seafood, eggs, frozen foods, and flowers. Cargo policies also often exclude losses arising from particular situations, such as mechanical breakdown of a refrigeration unit, rust, or wetness. And often, there are exclusions for certain niche cargo such as autos, boats, yachts, used household goods, motor homes and livestock.

Other common differences in cargo coverage includes a co-insurance clause, (a penalization for under-valuing cargo), no coverage for newly acquired or substitution vehicles and no cargo coverage if the cargo is loaded on a trailer that is not attached to an insured vehicle at the time of loss.

Our clients should also consider additional expenses that some insurance companies will provide, above and beyond the general loss of cargo. Some examples include pollutant clean-up, payments to help reduce the loss, expenses for freight re-loading, debris clean-up, and earned freight reimbursement (reimbursement for the miles you would have invoiced from the point of pick up to the point of loss, that your client will most likely not be paying for.)

With so much information and individual considerations, our agents work tirelessly to ensure proper coverage for our clients. However, client education is equally important.

Should any questions arise; review  your policy and limits, and then feel free to call our office for a no obligation quote at 1-800-266-8789, and our agents and customer service team will be happy to help you.

Becoming familiar with your insurance policy & avoiding unwanted claims

Here at Network Truck Insurance Services, we want to keep our clients informed and comfortable that they are being taken care of while on the road. And while we do our very best to keep our family of customers safe, it is also the insured responsibility to become familiar with the exclusions and business purpose of their insurance policy.

First, our clients should be familiar with the jobs they intend on taking on that may have special insurance requirements. Some brokers require higher limits of liability than others, some may require General Liability, or some may require special commodities or trailer coverage. Strong communication between our clients, their agents and customer service team will help ensure that our clients are properly covered under any situation.

Not only should our clients be aware of insurance limit requirements when they take on new brokers- but also be aware of the commodities that they are taking and any exclusions that may be on their policy. For instance, shrimp and shellfish are very commonly excluded commodities. If a client were to be unaware of this fact and accept a $90,000 load of frozen shrimp, experience a reefer breakdown mid-trip and lose the load- as an excluded commodity this claim may not be paid. This would leave our clients in a hard spot without proper coverage.

If a customer intends to act as a broker or sub haul loads, this work also requires special insurance coverage. All too often we hear of truckers acting outside of their policy limits and causing great financial strife when they find the work they’ve been doing wasn’t actually covered. Remember- if the job description changed, your insurance requirements may have as well.

If ever you have a question about your policy limits or work needs, our agents and customer service team are standing by to keep you safe and covered on the road.