Content Sponsored by ES Advantage
By Jeff Reese
Director of Sales & Marketing,
ES – Vendor Network Services
For owner-operators, fleet owners and trucking entrepreneurs, the arrival of October and the beginning of this year’s fourth quarter can serve as a call to action when it comes to planning ahead for your business. No matter how fast or slow 2022 has moved for you, the calendar’s turn to October is a reminder that 2023 is right in front of us.
Typically, the fourth quarter is a time for annual renewals as well as evaluating how key elements of your business might be able to benefit from an update or change. Quite often during the fourth quarter, insurance coverage is one of the most important renewal and evaluation items that trucking business owners must address.
When reviewing your renewal options or shopping for other insurance plans that are available in today’s transportation market, there are seemingly an endless list of questions that should be asked. Our team at ES and the ES Advantage program would like to help trucking business owners who are looking at insurance renewals as well as those business owners who are exploring the insurance options in the market that best fit your needs.
Listen To The ES Advantage Podcast
For this month’s podcast, I asked Jason Williams to join us for a high-level look at insurance. Jason is the Co-Founder and CEO of Expediter Services, and he is one of the architects of the ES Advantage program. While it’s important to note that Jason is not an insurance agent or subject-matter expert on insurance, Jason’s experience within the trucking industry and his work with the insurance providers who are part of the ES Community and the ES Advantage program gives him a valuable perspective when looking at the key points that trucking business owners should be considering at this time of year.
We all know that insurance is not the most exciting or interesting topic that comes up in our industry. In fact, Jason notes during our podcast that, “Insurance is a very boring, mundane, frustrating topic for most of us. Insurance is one of those things that it’s very easy just to sign up and forget about it. You put it in the dash of your truck and just never look at it again.”
“But, here’s the reality of today’s industry. Taking the approach of not evaluating what you have in place is a sure-fire way to be overcharged, to be over-insured or underinsured. You should recognize that insurance is a tool. It’s a tool to support your business. It’s a tool that you need to maximize your business and you do have options,” Jason told us. “It’s important that trucking business owners take the time to look at it, shop for it.”
“Evaluating your insurance coverage and your needs for your business is a lot like doing your taxes. Nobody likes to do it. Many times, it’s that last-minute item you want to do right before the deadline,” Jason added before underscoring the importance of taking the time to evaluate your options as we enter this renewal season. “Insurance is something that, if you don’t stay on top of it, you may well find yourself in a tough situation. If you have an accident, was your truck under-insured? On the flip side, when you pay your truck off, you could find out that your truck was over-insured and you’ve overpaid the insurance on it for years and didn’t even know it.”
If you would like to learn more about what’s happening with insurance and some of the key considerations that come up at this time of year, we invite you to listen to the podcast included with this article and hear what Jason Williams has to share with you, our listener. In addition, if you would like to learn more on how the ES Advantage program can help you with evaluating your current insurance coverage and provide options that could be helpful to your trucking business operation, we would also like to invite you to visit us on the web at ES-Advantage.com. If you would like to call us and talk to our ES Advantage Team members, our toll-free number is 866-811-3033.
This is sponsored content.