In recent years the traditional trucker liability insurance market has contracted, making negotiation of important coverage terms much more difficult. We have been successful in developing creative ways to finance the liability exposures of trucking firms, and working with the insurance companies who continue to specialize in this area. Alternative financing, special rating plans, and large deductible programs have become essential to acquiring the necessary liability protection. We identify the relevant risks and coverage issues and provide important advice in establishing a solid program of liability protection.
The rapidly increasing cost of physical damage protection for motor vehicles has also necessitated a shift from low deductible programs to higher retentions and self-insurance where possible. Albert Risk Management Consultants has the expertise to evaluate the applicable risks and historical loss data to determine the right combination of self-assumption and insurance.
Unique risks among transportation services include the use of owner-operators and leased drivers. We service our transportation clients by evaluating potential contingent workers' compensation and employers' liability risks. We also design auto insurance programs that properly reflect the non-employee driver exposures.
Assessment of trucking firms' cargo risks is also integral to the risk management process used by Albert Risk Management Consultants. We assist our transportation clients by evaluating and balancing the needs of insurance protection, contractual insurance requirements, and the relative costs of insurance deductible options.