How to Combat Rising Insurance Costs

Program Aired: May 16, 2 p.m. ET

The rising costs of fuel, equipment, insurance and more weigh heavily upon the freight transportation industry. Last year, ATRI reported that the cost to operate a truck had reached record highs - up 21.3% in 2022, when compared to the same time a year ago. While nuclear verdicts are a factor in insurance rates ballooning over the last several years, the cost of small claims has grown significantly as the prices for parts and labor, as well as new technology, has risen.  

The time exhausted during each claims process is an additional expense that companies cannot afford. From the moment you file a claim to receiving acknowledgement of the claim, from investigation to settlement, the number of individuals you have to keep up with to track your claim can feel like a game of telephone. What if your service provider had an in-house team managing the process from claim to settlement, offering you a single touchpoint for all your questions and better control over costs? 

Find out how end-to-end claims solutions can transform your operations. Chas Nickells, Vice President of Business Development for Transportation at Davies Group, joins Seth Clevenger to discuss his decades of experience creating custom claims solutions for industry leaders and offer his insight on the latest trends in transportation insurance that can save you time and money. 

By the end of this webinar, you'll learn: 

-How the average claim is processed, and how much time it takes to get your money back 

-What key aspects of insurance coverage today's transportation companies need most 

-The leading factors that are impacting rising insurance rates, and how you can mitigate them 

-The benefits of insurance solutions that can be tailored to your business 

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