High Risk Commercial Insurance
It is not always easy for business owners to obtain commercial auto insurance. Insurance providers will typically have an underwriter assess a number of factors to determine risk level before issuing a policy for a commercial vehicle or fleet. The underwriter will look at everything from past claims to the experience of your drivers. Clients who are deemed high risk may be outright denied or required to pay a premium for limited coverage. For many businesses, it can be nearly impossible to remain in operation without affordable and dependable commercial auto insurance. At Commercial Trucking Insurance Dayton, we provide high risk commercial insurance for clients who have difficulty finding appropriate coverage from other insurance companies. We are willing to insure all types of commercial vehicles and cargos to help our clients keep their business moving forward.
Type of Cargo
Many companies are reluctant to insure certain types of cargo. Even though your commercial trucking company may have an excellent record of safety and accountability, you can still find yourself having a hard time securing commercial insurance for your business if you transport high risk commodities. This can include goods that have a high probability of being damaged or destroyed during transport as well as high value shipments such as electronics or jewelry. We believe that commercial trucking companies should not be penalized for providing a necessary service to their customers. Our agents will work with you to find an appropriate policy to provide your commercial vehicles and the cargo they carry with proper insurance coverage.
Your Compliance, Safety, and Accountability score is calculated based on the performance of your drivers. Incidents such as accidents and traffic violations, as well as poor vehicle maintenance or improper handling of hazardous materials, can all impact your CSA score. Higher scores indicate higher risk. Although it is possible to improve your score through proper training or implementation of stricter safety practices, this can take time. Our company can provide you with affordable commercial trucking insurance while you work on improving your score.
Your ability to obtain commercial insurance coverage for your business may be impacted if you have had to file multiple insurance claims for significant losses within a short span of time in the recent past. While the circumstances that led to these losses may have been well beyond your control, many insurers will deem you to be high risk and deny you coverage for this reason. We understand that occasionally a client can run into a string of bad luck. We are willing to work with you to get your business back on its feet.
Inexperienced commercial drivers who have been on the road for less than two years are regarded as high risk by insurance providers. A lack of commercial driving experience can be as detrimental as a bad driving record. For new owner-operators who are entering the commercial trucking industry, finding an insurer can be a hurdle. At Commercial Trucking Insurance Dayton, we want to give entrepreneurs a chance to grow their business. We can provide you with commercial auto insurance even if you are not a seasoned driver.