With the average cost of truck insurance premiums rising 12%, fleets continue to feel the pain of double-digit percentage premium increases. In addition, nuclear verdicts are on the rise – from an average of $2.6 million in 2012 to $7 million in 2017 to more than $17 million in 2020 – putting many fleets out of business.
To help you avoid skyrocketing insurance premiums, we asked four leading executives from AON, ATTIC RRG, Cottingham & Butler and TrueNorth to tell us the actions you can take...