Why VOI? Did You Know #7
Motor Carriers who are also Brokers often confuse what their Contingent Liability and Contingent Cargo actually covers. This type of insurance protects the Broker side when brokering a load to another Motor Carrier only.
Why VOI? Did You Know #6
Motor Carriers who do not fully disclose to the Insurance Company their complete scope of operations regarding all units hauling on their behalf under their MC authority are committing insurance fraud, which is a crime and subject to criminal and civil penalties.
Why VOI? Did You Know #5
When a Motor Carrier has inadequate insurance on themselves or their Owner Operators, their insurance costs are lower so their overhead costs are lower.
Why VOI? Did You Know #4
Accepting Certificates of Insurance directly from the Motor Carrier versus the Insurance Agent opens the door to fraudulent Certs that can include nonexistent “Any Auto”, “Hired Auto” or “Blanket Cargo” coverage.
Credit History Can Drive Auto Premiums
Got bad credit? You could be paying twice as much for car insurance than if you had top-notch credit—even if your driving record is stellar.
What does Additional Insured mean?
What does it mean when your Motor Carrier asks to be listed on your insurance policy as Additional Insured?
Thank You for Prize Donations for Casino Night!
Let's recognize who helps us make this event a sure bet for everyone with over $6,000 in donated prizes this year!
Update on Map-21
What is the fine for arranging transportation without a license and a bond? $10,000
How will your Deductibles affect 2014?
Given the large number of people dumped from private health insurance plans to “ObamaCare”, formally known as the “Affordable Care Act”, I thought I’d end the year by talking about how Deductibles can affect us
MAP-21 is having an Impact
A couple of weeks ago I wrote a reminder that FMCSA would start enforcing MAP-21 on December 1st. Among other mandates I summarized in my earlier blog, MAP-21 requires anyone Brokering a Load to maintain a $75,000 Broker Bond.