Trucking Insurance is tricky! It is also typically in the top 5 expenses for a trucking company. For Haulin Assets it is the 4th biggest expense. There are a lot of factors that go into getting the best policy and the best pricing. In this episode we go over what you need to know as an Owner Operator or a Fleet Owner to make sure you are keeping that insurance expense as low as possible. 
What to Expect in Episode 174
We just completed our insurance renewal so insurance is fresh on my mind and now is a great time to talk about it. Here are some of the topics we discuss.
The Biggest Contributors To The Cost Of Your Policy

Your loss run report
Your CAB (Central Analysis Bureau) Report
Drivers

Who Are The Key Players

Insurance Carriers
Underwriter
Insurance Agencies/Agent

We spend the bulk of the episode in this section and go into some pretty extensive detail about who each one is, what their role is and we give some best practices for how you should interact with them.
What You Will Need To Provide For A Quote
Get everything to your agents 45 days before your policy expires. Here is what they will typically need.

4 Quarters of IFTA Returns
Loss Runs for the last 3 years
Updated Equipment List
Updated Driver List
Your Current COI (Certificate of Insurance)

The timing of when you sign on the bottom line and bind your policy is critical. Make sure you listed to the episode to know when you should do this and what you will need to do it. 
Getting the best price on your insurance is something that does not happen overnight. It takes you being intentional about several things. You have to work on the things we talk about throughout the episode all year long to make sure to get the best price possible and are able to control your costs. Remember, trucking is a low margin business and profits are earned by the penny. A dollar you save in expense is a dollar that hits your profit line.

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