new insurance requirements: pricing

Discussion in 'Ask An Owner Operator' started by snowwy, May 30, 2014.

  1. May 30, 2014 #1
    snowwy

    snowwy Road Train Member

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    anyone looked into it? by chance. just for kicks and giggles.

    landline was talking 40% small business o/o's will go under with the new premiums.

    another topic that was interesting. they mentioned that only 1% of all accidents exceed the standards already in place.
    and then, o/o's only contributed to 6% of accidents.

    the other 94%!!!! were contributed to companies with speed limiters and eld's.
     
    snowwy, May 30, 2014
    snowwy, May 30, 2014
    #1
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  3. May 30, 2014 #2
    gokiddogo

    gokiddogo Road Train Member

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    Did that go into law? Coverage has to be like $5 mil or something?
     
    gokiddogo, May 30, 2014
    gokiddogo, May 30, 2014
    #2
  4. May 30, 2014 #3
    blessedman

    blessedman Light Load Member

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    No. Not yet.
     
    blessedman, May 30, 2014
    blessedman, May 30, 2014
    #3
  5. May 30, 2014 #4
    zmpart

    zmpart Light Load Member

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    4.24 mil according to landline
     
    zmpart, May 30, 2014
    zmpart, May 30, 2014
    #4
  7. May 30, 2014 #5
    SHO-TYME

    SHO-TYME Road Train Member

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    I wonder when they are going to make all the 4 wheeler's carry $1 million?
     
    SHO-TYME, May 30, 2014
    SHO-TYME, May 30, 2014
    #5
  8. May 31, 2014 #6
    Oscar the KW

    Oscar the KW Going Tarpless

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    Ha, maybe when hell freezes over.
     
    Oscar the KW, May 31, 2014
    Oscar the KW, May 31, 2014
    #6
  9. May 31, 2014 #7
    Freddy57

    Freddy57 Road Train Member

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    A lot it going to depend upon how much the insurance companies decide to charge for the extra coverage, in that their risk factors are going to be quite low, they may not charge us all that much for it, for those with clean safety records anyway. I guess only time will tell how this all plays out.
     
    Freddy57, May 31, 2014
    Freddy57, May 31, 2014
    #7
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