It is not a secret that insurance takes up a big chunk of short-haul companies’ balance sheet. There are many factors that impact short-haul truck insurance costs and if you own such company, it is very important to know what those factors are, how do they influence the insurance cost and whether you are paying more than you have to.
Because of the seemingly complex nature of the truck insurance, there are a lot of misconceptions about the different options and coverage. The bobtail insurance seems to be one of the most misunderstood types of truck insurances, as there are a lot of myths surrounding it. Some of them may be true, but most of them simply are not. However, it can be quite difficult to determine which is true. And since insurance is all about saving you money, falling for a misconception can cost you. Sometimes a lot.
Like actors, athletes and probably most people – truckers also have superstitions they believe. Truck driving is dangerous and it takes patience, grit and some will say craziness to get behind the wheel of a big truck and drive what feels like endless highways. So, maybe superstitions are their way to be cautious on the road and stay safe.
Why is there primary and secondary liability? What is the difference between those two? Depending on where you get your information from it can be a lot to process.
According to a 2017 AAA Foundation for Traffic Safety study, installing certain types of safety technology in trucks may reduce the number of truck accidents by as much as 13 percent (about 63,000 truck crashes every year).
