Insurance For Fleet Trucking Preparation

The process calls for LOTS of INFO and The larger the fleet, generally, the longer the lead time necessary for underwriting a fleet trucking insurance quote. It is a good idea to maintain insurance underwriting information files and keep them current. If at all possible, DELEGATE. If you have a trusted and capable staffer to assist in this process, by all means delegate this aspect of the fleet insurance buying process. It will make things go much smoother. There is a large amount of information which must be compiled, assembled into a submission and transmitted to the insurance companies: Loss runs. Driver list. Corporate financial statements. Equipment lists with stated values (this part can be time-consuming, although it needn't be). The following is a typical list of required underwriting information.

  • Four (4) years of currently valued loss runs for all lines of coverage to be quoted.
  • Drivers list (including company drivers and owner operators) including name, date of birth, date of hire, driver license number, state of license and # of years experience for each driver.
  • Current equipment list for all company owned and owner operator units (please indicate current values for all equipment to be covered for physical damage).
  • A listing of all commodities hauled with percentages of each and average/max values.
  • Mileage by state (IFTA reports) for the most recent 12-month period.

And keep in mind this is a preliminary list. Underwriters invariably have follow-up questions and additional information requests during the process.

p.: 419-475-5151 • fax: 419-475-8750 • 3912 Sunforest Court, PO Box 8730, Toledo, OH 43623

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The information contained in this website is offered only to provide the reader with a general understanding of the subject matter. Nothing contained herein should be regarded as legal advice or as a warranty of veracity or averment of any fact. Whether such information is drawn from a simple glossary of terms, or enumeration of definitions for industry jargon or else wise, it is published only for general information and should not be regarded as legally binding. No language contained herein is part of any contract or policy of insurance and is only given publicly to allow for a conceptual understanding of commonly used terms.

Roemer Insurance has been a leading force in commercial truck and fleet underwriting for decades. Roemer Insurance pioneered trucking insurance packages and offers a full menu of coverage, including liability, physical damage, motor truck cargo, commercial auto liability, and Workers' Compensation.With 80-plus years insuring America’s truckers, Roemer Insurance continues its legacy of innovation, delivering new, higher levels of service and value to trucking fleets and drivers through the insurance products and risk management services delivered daily by the Roemer Family of Brands.