Insurance carriers are taking underwriting to higher levels.
Within the last decade Insurance carriers have been looking to obtain additional underwriting information to minimize potential risks that are speculative. There are many elements that provide Insurance underwriters with data to determine eligibility and premium for Commercial Auto Coverage.
To name some of the few: Vehicle Maintenance - Loss Frequency - Driver Violations - Location - Radius of Operations
Note on Drivers violations:
Even a well-trained, safety conscious Commercial vehicle driver can be at risk of engaging in driving behaviors that may lead to a crash. Many factors can contribute such as fatigue, inattention, day dreaming, failure to look or an expected external distraction.
These risk factors can be detrimental to a commercial trucking business. Through Cab- Caretakers we can provide assistance in driver safety with information that raise consciousness of Commercial drivers.
In most cases many owners do not review the violations of their employees/drivers. This can result in continuous violations which can force a company to close its business.
Insurance companies will review all violations and can easily decline to offer coverage based on an unfavorable DOT (Dept. of Transportation) report.