Transportation Insurance
The importance of measuring claims frequency and claims severity
Rising insurance premiums in the transportation industry Trucking Companies face several factors that continue to push insurance premiums higher for the transportation industry. Nuclear claims verdicts, increased collision repair costs, and more contribute to increased insurance premiums. While the rising costs associated may be out of your company’s control, how often your trucks get into accidents, and how severe those [...]
Operational & Cyber Risk for the Transportation Industry
Free Webinar: Operational and Cyber Risk Management | Transportation Sector - Impact of COVID -19 The COVID-19 pandemic has led to a number of headwinds for the transportation sector. As the conditions for the industry continue to evolve through this challenging time, we continue to seek opportunities to provide insight and risk management perspective. Our industry colleagues at Fernandes Hearn [...]
The challenge of declared value shipments in the transportation industry
WHERE TO START WITH DECLARED VALUE SHIPMENTS IN THE TRANSPORTATION INDUSTRY In the provincially regulated world of Motor Truck Cargo in Canada, in order for a carrier to limit its liability exposure, it is advisable to mention the limitation of carrier’s liability, conspicuously, on the face of the bill of lading (BOL), with a space to declare the value of [...]
Solving Trucking Profitability Paradox – Webinar Record
How do you run a profitable trucking company? Nuclear verdicts, rising insurance rates, depressed used truck pricing, difficult macro and micro economics and countless other curve balls make it difficult to run profitably. However, this is where the doom and gloom ends and opportunities start for the savvy transportation professional. https://youtu.be/pkK1nuGIYQ4 Key learnings discussed in this webinar include: Critical [...]
Transport Canada Updates HOS Regulations for Essential Freight for COVID-19
Transport Canada has released guidance similar to what the U.S. Department of Transportation (DOT) did last week as relief to truck drivers during COVID-19. Drivers who move essential freight between our provinces will be exempt from hours-of-service (HOS) requirements. The primary difference between Transport Canada and the DOT release is that Canadian truck drivers have to make sure their Bill of Lading [...]
Does NAL Insurance protect truck drivers if they get COVID-19 while in the USA?
Many transportation driving professionals are putting themselves at an added risk right now every time they leave isolation and get behind the wheel of their their truck. A big concern many drivers have is knowing whether or not they have medical coverage while driving in the USA if they started to show symptoms of COVID-19. In short, the answer is [...]
Ontario Trucking Association COVID-19 update for Truck Drivers
Marco Beghetti, Vice President of Communications for both the Ontario Trucking Association and the Canadian Trucking Alliance, joined us to provide an update on what life is like for truck drivers right now, some initiatives the Provincial and Federal government are rolling out to help truckers, and gives insight into what the person at home can do to show their gratitude. Happy to [...]
Understanding the Bill of Lading – Webinar
Developing a better understanding of the Bill of Lading is essential for transportation professionals. Topics discussed include: What is the difference between the shipper or carrier issuing a Bill of Lading? What is a declared value shipment and what is the intent behind it? What are the best carrier practices when dealing with a declared value Bill of Lading? What [...]
Trucking Technology is Evolving in 2019
Technology has taken over much of the world, including transportation. ECM downloads can predict the activity of engines, refrigerated trailers speak to the language of temperature variations from pick up to delivery, satellite tracking provide real time delivery of location, movement of vehicles, technology is improving lane assistance awareness while dash cams record a multitude of information both while in [...]
Risks in Shipping Contracts with Gordon Hearn
The movement of goods presents risks to every business included along the distribution chain. Whether you are a shipper, load broker, carrier, or freight agent awareness on specific shipping contract risks is important. Why does my business model matter for my trucking company? Along with his colleague, Carole McAfee Wallace, Gordon Hearn joined us to go in to much greater [...]