Episode #24 Big Facts or Big Fictions: A Commercial Trucking Insurance Overview with Dee Stephens, Marquee Insurance Group's Head of Partnerships

Transportation is a very high risk, high reward industry and is riddled with regulations surrounding insurance. Join us as we debunk many of the common commercial trucking insurance myths. 2.9.2022 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-a555-2d9ff17f1735Listen on Youtube:https://youtu.be/xNgli7ribFc 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 and background 4:00 What a carrier getting an MC should consider to do when getting insurance 5:35 Why insurance is so expensive 8:34 CDL for box trucks and semis 9:24 Impacts of NVR and how violations affect this. Driver experience 11:02 NVR Driver preference / consideration 12:46 Main incentive to pay for insurance premiums outright vs monthly insurance installments 14:40 Cargo, General Liability, auto-mobile,, and physical damage liability break down 18:38 What is Comprehensive Insurance, and why it might not be enough 21:40 General Freight 23:25 Permits for hauling items such as beer, alcohol and different types of freight and why one should explicitly list each individual item 25:27 U.S Mail / U.S Postal Service 28:38 Car Parts 31:05 Shield load and in between time coverage (Single Load Coverage) 32:52 Standard Cargo Policy 34:44 Insurance agency customer service in relation to educating carriers 37:07 Workers Compensation breakdown 39:20 UIIA defined and why you require it 43:10 What is to "lease on" to a carrier? How it works 48:11 Additional coverage for hot shot, flat beds and vacuum trailers 51:35 Seafood. Why it is classified differently and how to get full coverage 54:20 What is to indemnify/and who is a certificate holder? 1:00:59 Interpreting safety scores 1:03:07 What is a good safety score? 1:04:13 Audience comments and advice 1:06:11 How much experience one needs to get insured at a reasonable price 1:07:11 What is a good age for an Authority to be insured 1:08:00 How to secure a truck and get the necessary documentation 1:10:36 Closing remarks 1:12:03 Outro