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Insurance Help!!!

Discussion in 'Ask An Owner Operator' started by dhexpress, Jan 2, 2014.

  1. Jan 2, 2014 #1
    dhexpress

    dhexpress Bobtail Member

    1
    0
    Jan 2, 2014
    0
    I recently got a notification from our current insurance company that we had too many claims and they were dropping us. So okay I reach out to a few agents and they work on quotes for me. Due to our recent conditional rating two of the agents knew right away that they would not be able to help us. Then there was one agent who reasurred us that he could get us a policy. So everyday I hound him about updates on our quotes. Everyday I ask him if I should be worried or looking elsewhere. Everyday he reassures me that he has companies working on us just waiting for numbers. Today I get a call from him (2days before our current policy expires) that he just is not having any luck. If any of you have any advice on what to do next or where to turn please let me know. I have 10 drivers and office staff depending on me.
     
    dhexpress, Jan 2, 2014
    dhexpress, Jan 2, 2014
    #1
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  3. Jan 2, 2014 #2
    kwswan

    kwswan Road Train Member

    1,962
    10,486
    Jul 26, 2009
    mcminnville,tn.
    0
    With a conditional rating you are going to be lucky to get coverage now. Progressive might but if they do it would most likely be more than you could afford.
    The only thing I know to tell you is good luck.
     
    kwswan, Jan 2, 2014
    kwswan, Jan 2, 2014
    #2
  4. Jan 2, 2014 #3
    G/MAN

    G/MAN Road Train Member

    7,031
    8,624
    Sep 3, 2010
    0
    Insurance companies don't like claims. You may check with OOIDA and see if they can direct you to an insurance company that will work for you. OOIDA sells insurance but their requirements are going to be about the same as everyone else. If you can't find insurance you may consider leasing on to another carrier. If you go with one that pays percentage or where you can find your own loads, you may be able to keep your office personnel. You didn't mention the type of freight you haul, but there are a number of carriers around that do lease on fleets.
     
    G/MAN, Jan 2, 2014
    G/MAN, Jan 2, 2014
    #3
    gpsman Thanks this.
  5. Jan 2, 2014 #4
    mickey melon

    mickey melon Medium Load Member

    317
    351
    Aug 23, 2013
    Chicago,Il
    0
    Boy oh boy............

    How about a Nme change, New MC# and DOT#........Might take a month or two to completely change it up but.......What other options do you have besides the Obvious, Which will not only hurt you, But Families that count on you...

    If you cant get insured...Make the Name Change..and Hire better drivers
     
    mickey melon, Jan 2, 2014
    mickey melon, Jan 2, 2014
    #4
  7. Jan 2, 2014 #5
    Bogi

    Bogi Light Load Member

    114
    31
    Jul 15, 2013
    Elk Grove Village, IL
    0
    That's the reason some people running two autorities
     
    Bogi, Jan 2, 2014
    Bogi, Jan 2, 2014
    #5
  8. Jan 3, 2014 #6
    BAYOU

    BAYOU Road Train Member

    2,847
    1,592
    Sep 23, 2010
    Beaumont,Tx
    0
    Get ready because insurance is going up for everyone I'm getting prices at $9,500 a year I pay $5,500 now....
     
    BAYOU, Jan 3, 2014
    BAYOU, Jan 3, 2014
    #6
    Cetane+ Thanks this.
  9. Jan 4, 2014 #7
    gpsman

    gpsman Road Train Member

    1,581
    1,211
    Dec 10, 2013
    45212/59759
    0
    You might investigate your state's options regarding self-insuring. It seems to me you must have a few drivers who ought to be doing something else...
     
    gpsman, Jan 4, 2014
    gpsman, Jan 4, 2014
    #7
  10. Jan 4, 2014 #8
    RiskyBusiness

    RiskyBusiness Light Load Member

    95
    33
    Dec 28, 2013
    Tyner, NC 27980
    0
    OOIDA might be able to help you out or at least give you a direction to go if they can't insure you themselves. Alot of good advise here for you, name & DOT/MC# change and definitely get rid of any driver's that are causing these claims/accidents and going against your insurance. Good luck its a bad spot to be in.
     
    RiskyBusiness, Jan 4, 2014
    RiskyBusiness, Jan 4, 2014
    #8
  11. Jan 5, 2014 #9
    Bogi

    Bogi Light Load Member

    114
    31
    Jul 15, 2013
    Elk Grove Village, IL
    0
    Hay man, what's happen ? Did you call the numbers I give to you on PM ?
    Please share
     
    Bogi, Jan 5, 2014
    Bogi, Jan 5, 2014
    #9
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