How to Choose the Right Insurance to Protect Your Trucking Company

In this episode of Get A Load Of This Podcast, Host Cameron Pechia of Valley Trucking Insurance, sits down with COO of Great West Casualty Company, Mandy Graham and has a great conversation about Trucking Insurance.  They go over what questions the trucking company needs to be asking themselves and the insurance agent or company they are thinking about having to protect their business. There are so many great points brought up and insight shared in the episode about finding the right insurance provider, professional and coverage when it comes to protecting what matters most. Episode Highlights: Mandy mentions that one thing she hopes listeners remember from today's episode is to think about getting their values’ worth instead of just their money's worth. (5:33) Mandy explains that nearly every truck will have an incident once every three years, regardless of fault. It's a rule of thumb that has been in the industry for as long as she’s been around. (10:15) Mandy mentions that truckers should not need to worry about insurance since there are professionals who can handle it for them. (12:19) Mandy discusses how important it is to have a trusted advisor, particularly when deciding how much risk you are willing to take on. (20:44) Mandy explains that because Great West only handles trucking they have created their own forms which allows them to offer coverages specifically tailored to the trucking industry. (26:20) Mandy mentions that Great West holds fall fleet safety seminars for anyone to attend, similar to roadshows, and leadership seminars where they bring hundreds of people from across the country together once a year to exchange safety roundtable ideas. (37:01) Mandy shares that it's great to witness the enthusiasm that their subrogation attorneys and support staff have for their employment, not because they want to win, but because they want to make things right for their insureds. (52:24) Key Quotes: “One thing I hope people will take away today is, think about trying to get your values’ worth not just getting your money's worth.” - Mandy Graham “To tell you the truth, Great West is very much a family-oriented company. And so, we kind of wanted to balance that out with some time in the office. So, you know, you ask anybody from Great West, “what's your favorite thing about working here?”, and they'll tell you, it's the people they work with. And that's really special for us.” - Mandy Graham “If you do have a growth mindset, look for a company that can give you something that makes really good sense for a single unit. And then when you grow to five, you've got options that a five-unit account once, and then when you get to a fleet of 10 trucks or more, they can give you a reporting policy, and then you can grow into a self-insured, and then you can become a captive member. ” - Mandy Graham Resources Mentioned: Mandy Graham LinkedIn Great West Casualty Company Cameron Pechia Thomas Comstock Ryan Young Valley Trucking Insurance