Insurance
· Most truck accidents result in significant losses: damaged vehicles, injured drivers and bystanders, lawsuits, long-term pain and suffering… While you can’t control every variable, you can focus on improving your operations and ensuring your drivers prioritize safety.
· Be proactive about getting a better safety rating score and save on lower insurance premiums in the long run. With the PulsePro, the latest truck safety device on the market, you can improve your NSA or CSA score with a better safety record.
✓ The PulsePro will not only protect your truck, it will protect all those drivers and people around you
Your premiums will be affected by:
Driver Factors
· Both the age and experience of your driver are factors that are considered by insurance companies when determining a premium, as are your drivers’ driving records.
· Even one violation or accident can raise your premiums, so ensure your drivers practice road safety.
✓ The PulsePro is here to help, by decreasing the probability of your drivers’ trucks being involved in accidents
✓ The PulsePro will help your drivers have and maintain a better driving record
Vehicle Factors
· The type of vehicle, your vehicle’s age and condition, and the maintenance and service history of your vehicle all come into play when determining the premium your driver will have to pay.
· The cost of replacing a newer truck is higher, so premiums on newer vehicles are usually higher than on older ones.
· Older trucks are also more prone to breakdowns, maintenance problems and accidents and will need more repairs. Of course it may be worthwhile for you to invest in newer vehicles with advanced safety features to keep your premiums low.
✓ The PulsePro is one of these safety features that can easily be installed on your vehicles
✓ The PulsePro will also increase the safety of your older vehicles if you’re not quite ready to invest in new ones
Business Operations Factors
· The type of cargo you transport, your location, your type of business, your years of operation, your company’s safety rating and your coverage history all factor into the insurance rate you will be charged.
· For example, insurers will assess trucking businesses’ safety protocols and history to determine the safety rating. A strong safety record that includes regular vehicle maintenance, comprehensive driver training programs, and adherence to industry safety regulations, will influence insurance rates positively. On the other hand, if you have a poor safety track record with frequent incidents or claims, chances are you will be facing higher premiums.
· As a trucking business, it’s important for you to maintain strong National Safety Code numbers and CSA (Compliance, Safety and Accountability) scores under the FMCSA. Often insurance providers will charge higher rates to companies with lower scores.
· Are the 5th largest cost of operating a truck
· Represent about $0.10 per mile (or 5% of total operating costs)
· Have been increasing dramatically in recent years
