A lot of agencies will claim to insure transportation risks. At Deeley Insurance Group, we're truly specialists. One of our Senior Client Advisors, Nicole Brushmiller, was even quoted in an article titled “Uncovered” in a recent issue of Behind the Wheel, the official magazine of the Maryland Motor Truck Association. Here's a brief excerpt:
“I had one trucking company tell me they were closing their doors because they couldn't afford their insurance premium anymore,” said Nicole Brushmiller, a senior client advisor at Deeley Insurance Group. “That was just last week.They are under 20 units, and their premiums were so high, they've exhausted all their options with every insurance company through multiple agents, so they're just closing their doors…. If you're having an off year or two and you can't find insurance with a private carrier, these companies are having no choice but to go out of business.”
Brushmiller said it is not uncommon to see quotes of $20,000 per tractor being offered – far too much to be affordable. One start-up owner-operator with a less than stellar driving record and poor credit was recently offered coverage for $80,000.
Later in the article Nicole is quoted on several ways a carrier can implement risk management strategies to lower their insurance premiums.
The entire article can be found online at http://online.anyflip.com/ejlw/tfkc/mobile/index.html beginning on Page 7.