Episode #11 High Level Discussion of Commercial Trucking Insurance with Eli'sha Petite and Will Allen

Although required by all companies operating as a commercial carrier, there are many misconceptions around the basics of commercial trucking insurance. 11.3.2021 Powered by ⁠Atlanta Dispatch LLC For Dispatching Services: www.atlantadispatch.org Podcast Website: transportationandlogistics.club Join our newsletter: transportationandlogistics.club/newsletter Learn how to dispatch: Physical Book Copy: transportationandlogistics.club/amazon eBook: https://books2read.com/u/4jqlzX Stay updated with our happenings: https://linktr.ee/transportationandlogistics?utm_source=linktree_profile_share&ltsid=601f8834-e86c-4ff1-a555-2d9ff17f1735 Listen on Youtube: https://youtu.be/j-oeLM3OAGE Intro/Outro Music Shoutout: Positive Hip-Hop by MaxKoMusic | https://maxkomusic.com/ Music promoted by https://www.chosic.com/free-music/all/ Creative Commons Attribution-ShareAlike 3.0 Unported (CC BY-SA 3.0) https://creativecommons.org/licenses/by-sa/3.0/0:00 Intro 3:50 Bases of operations 8:50 ISS Scores 13:45 Commercial General Insurance and how it varies depending on equipment 17:30 Commercial General Insurance policy 23:30 Reefer truck CLI requirements 25:40 Additional coverage for seafood 27:20 Power-only requirements 30:50 N0n-Owned Physical Damage coverage 33:15 Bobtail Insurance for power-only / Non-Truckers liability damage 35:20 Lease agreements and liability - Making lease agreements airtight and risk of letting a carrier operate under your LLC 44:05 What happens if there is no lease4 agreement between the motor carrier and a person operating a truck under the MC's company 50:10 COI Certificate Holder - Why brokers require company name, mailing address, and phone number in the box for certificate holder 52:40 Are companies listed in the certificate box idemnified in case of risk 54:10 Why it is important to do things by the book 57:50 Workers Compensation as per State requirements and why one should strictly abide by it 1:060:00 Port freight and how it works and port access 1:14:40 Elisha parting shot and how to access him 1:18:25 Transition 1:18:44 Intro Will Allen 1:19:10 What is Captive Insurance 1:21:21 Standard Insurance vs Captive Insurance and how they work 1:27:42 Who Captive Insurance is targetting and who it is ideal for 1:34:40 Question and Answer session 1:35:11 Why premiums are high and tips for getting the best insurance cover 1:49:11 Advice for drivers 1:57:35 Outro