Exposures and Risks in the Trucking Industry

Exposures and Risks in the Trucking Industry

Trucking businesses provide a very valuable service. Virtually anything items that require transportation on land, require them. Even with the high demand for these types of businesses and the profits to be made from running one, it can be unnerving to realize how damaging a claim can be. In today’s trucking world, having coverage is not simply an added precaution: it’s a necessity.

Costly Mishaps

While the best-case scenario involves a truck and its contents getting safely and uneventfully to its location, the truth is that many challenges await each trip. While many factors might be out of a driver’s control, such as traffic, weather, natural disasters and crime, many others can be attributed to human error alone such as the following:

A driver that is inexperienced or inadequately trained
Mental or physical unpreparedness due to fatigue, stress or an overwhelming workload
Lack of attention to detail and oversight on the job or in planning
Misunderstanding contract terms

When you combine these with all the possible exposures that can occur in storage, transportation and delivery, it becomes even more apparent why protections such as insurance are necessary. Before you or your next driver load up and take on the open road, it’s important to remember how adequate training and insurance should be non-negotiable in today’s trucking industry.