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Fleet question

Discussion in 'Ask An Owner Operator' started by Lightseeker35, Dec 16, 2017.

  1. Dec 16, 2017 #1
    Lightseeker35

    Lightseeker35 Light Load Member

    59
    16
    Mar 29, 2017
    0
    I have a question regarding insurance. Is there a limit of trucks you can add to your insurance when starting up? Our agent advised us that If we add trucks too quick it would raise a red flag and our business would become a liability. Have any of you ever came across that?
    Thanks in advance!
     
    Lightseeker35, Dec 16, 2017
    Lightseeker35, Dec 16, 2017
    #1
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  3. Dec 17, 2017 #2
    Ridgeline

    Ridgeline Road Train Member

    20,729
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    Dec 18, 2011
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    Yes this can happen but I haven't seen it in a while. Expand without experience behind you as a fleet owner and you can take a ding on your rates. The red flag pops up when when your moved from the medium to high risk pool because of the expansion.
     
    Ridgeline, Dec 17, 2017
    Ridgeline, Dec 17, 2017
    #2
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