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Ask an Agent: Transportation & Trucking

It’s time for another round of Ask an Agent! For this blog, we’re putting our Transportation and Trucking Insurance expert, Carlos Roman, to the test! First, let’s start with the basics: 

What is Transportation & Trucking Insurance?

Transportation and Trucking insurance is an essential form of insurance that protects the assets and interests of companies involved in the transportation of goods. These types of insurance policies provide coverage for loss or damage to cargo, as well as liability coverage for accidents involving trucks and other commercial vehicles. 

What are the components of this type of insurance?

The types of coverage available for transportation & trucking insurance include a number of policies you're likely familiar with, including bodily injury liability, property damage liability, uninsured motorist, and comprehensive & collision coverage. However, there are also coverages that are specific to the trucking and transportation industry, including trailer interchange & non-owned trailer coverage, and cargo coverage. Let's dive into a couple of these policies: 
  • Bodily Injury Liability - Provides coverage in case of bodily injury or death resulting from an accident for which you are at fault. This may also include legal defense expenses depending on the type of policy purchased.
  • Property Damage Liability Coverage - If your company vehicle accidentally causes damage to another person’s vehicle or property, this coverage can protect you. It can also include legal defense expenses, like bodily injury liability.
  • Comprehensive & Collision Coverage - Comprehensive coverage covers vehicles or trailers on your policy from damage caused to them other than a car accident, including damage resulting from theft, vandalism, flood, fire, and other specified hazards. Collision coverage on the other hand is for vehicles or trailers on your policy for damage caused to them by a collision with another vehicle or a single-car accident.
  • Cargo Coverage - Provides protection for loss or damage to the cargo being transported.

Want to learn more about Mulling's coverage options? Visit our  Transportation & Trucking Insurance page. 

As you've worked with trucking and transportation companies, what have you noticed to be the biggest challenges for them?

Like many industries today, the transportation industry has a number of challenges to navigate. With rising fuel prices, driver shortages, low customer satisfaction, and sustainability concerns, there are several issues that are front and center for leaders and business owners. While these issues, unfortunately, won't be going away anytime soon, Mulling has created some additional service offerings for our customers to help them navigate these challenges. 

What are some of the regulations trucking and transportation companies need to follow?

The Federal Motor Carrier Safety Administration (FMCSA) is an agency within the United States Department of Transportation that regulates and ensures the safety of commercial motor vehicles (CMVs) and their operators. The primary mission of the FMCSA is to improve safety on the highways and reduce accidents involving commercial motor vehicles. The agency also sets insurance requirements for companies that they must comply with and submit to the FMCSA. Mulling can help you ensure you're not only within regulations but that you're getting the appropriate amount of coverage for the size of your business. 

At Mulling, we're here to help you gain the information you need to meet the regulations and requirements of the FMCSA, keeping you compliant. An FMCSA compliance company, also known as a compliance service provider, is a specialized organization that helps trucking companies and commercial motor vehicle operators navigate the complex regulatory requirements set by the FMCSA. These companies offer a range of services to ensure that their clients remain compliant with FMCSA regulations and maintain a high level of safety and operational standards.

What sets Mulling apart from other insurance companies that provide Transportation & Trucking Insurance?

Our people and values set us apart from other agencies. Our size and structure allow us to give you the individual attention you deserve as well as the flexibility that ensures a quick, thorough response to every question or issue. A partner is always just a phone call away to explain our comprehensive solutions.

Ready to explore Transportation and Trucking Insurance options with Mulling? Contact us today!

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