Knowing your expenses helps you stay profitable. Here’s what you need to know to plan for your owner-operator income and expenses.
As a freight broker, you are the go-between for shippers and carriers. You might already know that it’s important to require proof of insurance during the carrier selection process. But did you know that even if you have a carrier’s certificate of insurance on file, you might be still be held legally responsible if something
It is crucial to operate your business using properly insured carriers who are compliant with your business rules. Trying to track down insurance information from carriers or insurance agents can take you hours or days, which can prevent you from doing business. Outsourcing your compliance management to RMIS will help you reduce risk and enhance your business’s
Commercial truck insurance is one of the first things you need to think about as an owner-operator. Not only is insurance a requirement, but it will help protect you and your business if something goes wrong. It’s also an important step in applying for your own trucking authority. One of the first things you should
When you think about the many threats to your brokerage, competition, market fluctuation, employee turnover, and several others may come to mind. However, one of the largest threats to the success of your business is financial loss because of insufficient insurance coverage. While there’s no way to completely avoid risk, there are ways to minimize
Look twice; that cargo deductible could be higher than you thought. One step to include when vetting a potential carrier partner is to verify the deductible amount on their cargo policy. We’re seeing an increased use of cargo policies which carry a significantly higher deductible than the standard $1,000 per occurrence. A deductible of $5,000
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