Truckers Report Jobs

Find Trucking Jobs

Company Driver Company Driver Dry Van Dry Van Flatbed Flatbed Refrigerated Refrigerated Specialized Specialized Owner Operator Owner Operator
More Trucking Job Searches ⌄ Fewer Trucking Job Searches
⌃

Risk management fee for insurance? What is it?

Discussion in 'Ask An Owner Operator' started by amrogers3, Feb 1, 2021.

  1. Feb 1, 2021 #1
    amrogers3

    amrogers3 Bobtail Member

    48
    19
    Sep 19, 2020
    0
    You guys ever heard of a risk management fee for insurance?

    I was leased onto a company and they used Triumph Insurance. Anyway, they charged me a $1500 deposit for a risk management fee and said it wasn't refundable. I was only leased on about two weeks.

    Anyone heard of this? Never heard of this before.
     
    amrogers3, Feb 1, 2021
    amrogers3, Feb 1, 2021
    #1
    77fib77 Thanks this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Feb 1, 2021 #2
    ibcalm19

    ibcalm19 Road Train Member

    1,439
    2,399
    Nov 30, 2015
    Pennsylvania
    0
    Never heard of that. Did you pay the $1500.
     
    ibcalm19, Feb 1, 2021
    ibcalm19, Feb 1, 2021
    #2
  4. Feb 1, 2021 #3
    Eddiec

    Eddiec Road Train Member

    1,923
    2,793
    Feb 2, 2015
    0
    Sounds like the paperwork fee that car dealers charge. Did you ask for an explanation?
     
    Eddiec, Feb 1, 2021
    Eddiec, Feb 1, 2021
    #3
  5. Feb 1, 2021 #4
    Spyro2112

    Spyro2112 Medium Load Member

    567
    381
    Mar 17, 2018
    0
    Run. Run like the wind
     
    Spyro2112, Feb 1, 2021
    Spyro2112, Feb 1, 2021
    #4
    TallJoe Thanks this.
  7. Feb 2, 2021 #5
    TallJoe

    TallJoe Road Train Member

    7,490
    16,266
    Apr 12, 2016
    Chicagoland
    0
    Never heard of it.
    A risk management fee...but what's the nature of the risk they manage? For $1500 you deserve an explanation. Did they have anything like that at least mentioned in the lease agreement you signed? If not, I'd have issue with that.
     
    TallJoe, Feb 2, 2021
    TallJoe, Feb 2, 2021
    #5
  8. Feb 2, 2021 #6
    amrogers3

    amrogers3 Bobtail Member

    48
    19
    Sep 19, 2020
    0
    I had to pay they took it straight out of my check.

    Only thing I can say is stay away from Triumph insurance and the company I am leased onto.
     
    amrogers3, Feb 2, 2021
    amrogers3, Feb 2, 2021
    #6
  9. Feb 3, 2021 #7
    kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

    10,007
    41,472
    Jan 13, 2013
    SW Arkansas
    0
    Are you sure that the money actually went to the insurance company? Sounds suspicious to me. Or maybe I'm a little cynical, I don't know. But I would want to see some documentation on this.
     
    kemosabi49, Feb 3, 2021
    kemosabi49, Feb 3, 2021
    #7
    MOBee and GoneButNotForgotten Thank this.
  10. Feb 3, 2021 #8
    GoneButNotForgotten

    GoneButNotForgotten Heavy Load Member

    870
    1,554
    Dec 30, 2009
    Roxboro, N.C.
    0
    Almost sounds like one of those magical and phony type of upcharge fees that new car dealerships want to throw on you.
     
    GoneButNotForgotten, Feb 3, 2021
    GoneButNotForgotten, Feb 3, 2021
    #8
  11. Feb 7, 2021 #9
    amrogers3

    amrogers3 Bobtail Member

    48
    19
    Sep 19, 2020
    0
    I'm not sure what to do. How could I dispute this, these guys are scamming me for sure.
     
    amrogers3, Feb 7, 2021
    amrogers3, Feb 7, 2021
    #9
  12. Feb 7, 2021 #10
    kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

    10,007
    41,472
    Jan 13, 2013
    SW Arkansas
    0
    Tine to find a better place to work.
     
    kemosabi49, Feb 7, 2021
    kemosabi49, Feb 7, 2021
    #10
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.