Transportation Risk Specialist Conference
John and I just returned from a TRS Insurance conference this past week in Orlando. TRS stands for â€œTransportation Risk Specialistâ€, and the seminars are for insurance agents who specialize in Trucking.
The agenda is actually more interesting than you might think, with past and current court cases explained by some very entertaining attorneys, including Rob Mosely of Smith, Moore, Leatherwood, a name most Motor Carriers recognize as a major player in the truck litigation world.
We also attended a lengthy seminar by CAB, or Central
This is a company we'll
all be hearing much more about in the future.
taken information available on Safestat from FMCSA and other sources, and
combined it into a one stop website that Insurance Companies and Agents can
review when underwriting a Motor Carrier.
Over time, it should eliminate a lot of the Motor Carriers who are, shall we say, less than honest. What that means to you, the Owner Operator, is that the good guys left standing will compete for Professional Owner Operators. Hopefully resulting in higher income for YOU.
Sometimes John and I would split off to different seminars, he attended the â€œOwner Operators, Use and Misuse of Independent Contractorsâ€ so that we can continue to monitor pending changes and practices for all of our clients.
I attended â€œISO Forms Updateâ€, which keeps us up to date on what changes the Insurance Services Office makes to standard insurance contracts. They explain what â€œtriggersâ€ coverage in policy language, and what doesnâ€™t. (Itâ€™s how I know which insurance carriers pay â€œPrimary and Non-Contributory with Cargo Amendmentsâ€ for the Multisâ€¦and who doesnâ€™t.)
Over the next few weeks Iâ€™ll blog on some of the subject matter to bring everyone up to date on all kinds of things!