Discover the Ultimate Secret to Reducing Your Truck Insurance Costs. A Strategy to Become Attractive to Insurers

We just helped a Chicago-area motor carrier save over 30% on his current ridiculous truck insurance costs for 2020, by using a simple 7-step process. (Yup, that’s right, 30%)

This motor carrier’s best renewal quote for 2019 that he was able to get was more than 100% annual increase over 2018. He had no choice so, he bought it. However, he questioned why he had to pay so much. As consultants to motors carriers for many years we suggested an approach that might help him to reduce his insurance costs, significantly.

Well, we worked with his company and after a few months he was able to purchase, mid-term, new insurance coverages for 30% more than he was paying in 2019. This included ALL coverages, annually.  Still an increase but a big reduction over his current costs.

 Are high insurance costs hurting your company? Click here to learn how we can help.

No, we don’t sell insurance, but we know how to buy insurance for our consulting clients after selling it for 30 years to motor carriers. We will work with your team directly and your broker to prepare and present your company very differently to insurance underwriters.

This is no longer about getting quotes and buying the lowest premium offering. You help set the premium range you are willing to pay and show the underwriters how they will make money on your company.

We use our expertise to redirect motor carriers CEOs, their safety and operations teams and their insurance brokers to position their company from paying $8,000, $10,000, or $15,000 for liability coverage to paying substantially less for liability, physical damage, cargo, general liability, trailer interchange and some miscellaneous coverages. These are not just words. There are real and rapid results behind the proper methodology to make a difference. It’s not for every motor carrier.

Today, you need to do a lot more than just present paper and numbers to insurance underwriters with historical claim details, financials, FMCSA scores, and CAB reports, MVRs, PSPs, blah, blah. This just isn’t enough. In fact, this information most often hurts the underwriting process more than it helps.

The secret is having a real story to tell an underwriter so that they want to insure your company.

Show an insurance underwriter how you will make them money and that you have systems and procedures in place to back it up. If you are best in class then you deserve best-in-class pricing. Don’t be compared to others. Stand alone!

As a consultant to trucking companies for many years, we have helped motor carriers make a difference using

23 key strategies and supporting tactics. Examples of some are:

1.     We look at trucking companies through a very different lens than most insurance brokers do.

We have developed a proprietary method to get the right people at insurers to say “yes”.

2.     We ask tough questions about what we see and then challenge the answers to awaken new approaches using advanced recruiting methods to attract and hire very qualified drivers and advanced techniques to change driver behaviors that stick. This creates a robust “A” team of drivers who will improve overall safety performance and compliance and maintain a best-in-class business. And a lot more.

3.     We offer “creative genius thinking” to show CEOs and their teams new ways to improve their business by anticipating insurance company objections and eliminating reasons that allow them to say no or offer ridiculous pricing options. We understand how underwriters think, evaluate and price their coverage offering.

These are just words you say…

Well, call us and take 15 minutes discover how your company can become the insurance coverage underwriter’s next choice among the pile of hundreds of trucking companies they have to look at.

Now, during the COVID-19 business interruption crisis, is the best time to start working on your next insurance renewal. Let’s talk!!! 

Today is the day to start saving your company thousands of dollars in the out-of-control insurance marketplace where “nuclear jury verdicts” pose a threat to every trucking company. No more insurance shopping! Become a real buyer with your new “attractor factor” reputation.

Norris Beren is the trusted advisor to many transportation companies offering a different perspective on how to get less drivers and keep more. As Risk Reward Consulting’s Chief Executive Advisor, he provides guidance to trucking and motorcoach CEOs. He is author of the book “How to Create an Intelligent Driver Retention System” and strategic resources such as The Driver Turnover Assessment and The Secret Sauce to Get and Keep Drivers.