Trinity Insurance Services LLC Blog Page 10
View the latest blog posts from Trinity Insurance Services LLC.
Tuesday, September 19, 2017Stated Amount · If you elect to add comprehensive insurance to your policy you will have to provide the stated amount, which is your statement of the value of your truck. Your premium for Physical Damage is largely driven by the value of your truck. READ MORE >>
Friday, September 15, 2017Actual cash value (ACV) · When you have a claim, Truck insurance companies pay based on actual cash value of your truck. This is exactly like it sounds. It’s the market value of your truck. In personal lines of insurance some companies offer replacement value. READ MORE >>
Thursday, September 14, 2017Buying or leasing a truck is a huge investment. For many truckers, investing in a truck means putting up most or all of their savings. Most people don’t have enough savings to replace their truck if it were to be totaled. READ MORE >>
Monday, September 11, 2017General Liability Insurance is not to be confused with Primary Liability Insurance. As a prerequisite to adding General Liability to your truck policy, you must already have in place a Primary liability policy. Some insurance companies also won’t cover you if you haul certain commodities like tobacco or hazardous materials. READ MORE >>
Friday, September 8, 2017Most General Liability policies for truckers start at a policy limit of $300,000. The most common limits, however, are $1,000,000 per occurrence with a $2,000,000 aggregate. Higher limits can be obtained if needed.Call Trinity Insurance today for a quote 888-391-0416. READ MORE >>
Thursday, September 7, 2017Whether you are a large truck company or an Owner Operator, General Liability (GL) Insurance is a good idea. General liability insurance can cover risks to your business outside of operating your truck. Some of the exposures GL insurance can guard you against are: READ MORE >>
Wednesday, September 6, 2017Employ other Safety Features/Programs. Employing safety features like warning stickers, company safety programs and driver safety training shows insurance providers that Safety is IMPORTANT to your organization. Frequently evaluate the safety features your trucking operations employs. READ MORE >>
Friday, September 1, 2017Keep a clean DOT safety record. Your DOT safety record includes your owner-operator or fleet DOT safety rating. Monitor your DOT record and maintain a Good Standing. READ MORE >>
Thursday, August 31, 2017Employ Experienced Drivers. Years of driving experience is one of the key factors insurance providers use to determine truck insurance premiums. Having more experienced truck drivers implies that your drivers can more easily deal with inclement weather, along with other less-than-ideal operating conditions. READ MORE >>
Wednesday, August 30, 2017Hire Drivers with CLEAN driving records. Drivers who have been involved in fewer accidents are less likely to be involved in further accidents in the future. To keep insurance costs down, consider drivers with no more than 2 minor moving violations in 3 years. READ MORE >>
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