In 2016, we've seen several insurance companies completely cut their trucking programs. Additionally, major insurance companies are narrowing their appetite and it's putting a lot of pressure on the industry. These shifts in the industry highlight the importance of working with professionals in the trucking insurance field.
"There have been [insurance companies] entering [transportation], but not at the rate [insurance companies] have been exiting."
- Mark Plousis, VP of Underwriting at Philadelphia Insurance Co.
When searching for an insurance carrier, you want a company that is knowledgeable about the trucking industry, has been established a number of years, and is financially stable. These factors can demonstrate their ability to adequately protect you.
At Dawson Transportation Services, we are completely focused on the transportation and logistics industry. We strive to develop long-term relationships between our clients, our staff, and our insurance carriers.
As we enter 2017, the trucking insurance industry is going to continue to constrict. That being the case, motor carriers are encouraged to begin their insurance renewal process earlier than in previous years.
If you'd like to set up a meeting to go over your current program, please contact us at any time.