Having a claim is expensive. The impact is easy to see in the short term when paying out your deductible and man hours used to contact adjusters and waiting for callbacks. It is less visible but has much more of an impact when you look at the long term effect it has on shipping and broker relationships and on insurance premiums. The bad news is you cannot always avoid an accident or a loss, but the good news is there are many simple, free and effective ways you can reduce your exposure to them. With the bad winter weather quickly approaching, we will be sharing ways that are sure to have a positive impact on your bottom line. After all, your MC is an integral piece of your business- not only do shippers and brokers use it to determine if you will get a load but also how much  you will get paid- in addition to affecting your insurance pricing.                                                 

1) Written Policies & Procedures
A written statement, like one that describes your company's overall safety mission, is a key first step. Next, a clear, comprehensive, and enforceable set of traffic safety policies should be created and shared with all employees and owner/operators.   

2) Driver agreements
Establish a contract with all employees who drive for work, whether they operate a company vehicle or their own. In signing an agreement, they acknowledge awareness and understanding of traffic safety policies, procedures, and expectations- including reporting any defective equipment.

3) Motor vehicle record checks
Checking the driving record of any employee - screen out those with poor driving records, as they are most likely to cause problems in the future. Complying iwth driver guidelines of your insurance policies is a great stepping stone to start your driver recruiting from.

When in doubt- ask your agent or your compliance team- they are a huge resource in helping keep your business on the road.
Posted 6:00 PM  View Comments

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