Clock Icon  

Motor Truck Cargo

Motor Truck Cargo Thumbnail

Ensuring the safety and security of motor truck cargo is a critical aspect of the transportation industry. Our recent webinar delved into best practices for underwriting, claim exposure, and loss control in motor truck cargo operations. With insights from industry experts, the session covered essential strategies for managing risks, preventing losses, and maintaining profitability. Join us as we explore the key takeaways from this informative event, designed to equip you with the knowledge needed to enhance your motor truck cargo operations.



Presenters

  • Jared Bishop, Divisional Assistant Vice President of Loss Control at Great American Insurance Group, introduced the session and facilitated the discussions.
  • Art Sieder, Divisional Vice President of Great American’s Property and & Inland Marine Division, discussed underwriting considerations for motor truck cargo. He highlighted the profitability and growth of this line of business and outlined Great American’s efforts to improve product offerings.
  • Pete Abbott, Senior Loss Control Consultant at Great American Insurance Group, focused on best practices for helping reduce claim exposures in motor truck cargo. He covered three main areas: damage to cargo while in transit, spoilage of temperature-sensitive cargo, and theft exposures.

Key Insights and Takeaways

  1. Motor Truck Cargo Underwriting Considerations
    • Profitability and Growth: Motor truck cargo as a profitable and growing line of business.
    • Product Improvement: Introduction of Cargo Advantage with more simplified, broader and flexible coverage.
    • Risk Identification and Reward: Use of analytics to identify high-risk and reward low-risk.
  2. Types of Claim Exposures and Best Practices for Preventing Them
    • Damage to Cargo: Best practices for hiring and managing drivers, and proper load securing techniques.
    • Spoilage: Use of technology to monitor trailer temperatures, and having contingency plans.
    • Theft: Use of high-security locks, door sensors, and geo-fencing technology.

We’re Here to Help – Contact Our Loss Control Consultants Today

At Great American Insurance Group, we strive to ensure that our policyholders are not only aware of the hazards they face but are equipped with the necessary tools to prevent and combat them as effectively as possible. Interested in learning more? Talk to our team of experts.

For additional information on improving your organization’s safety and security, visit the Plan & Protect Hub.

Loss Control Categories

Take proactive action to prepare for different types of loss.