3009 Market Street
Pine Bluff, AR 71601
870-541-0020
870-535-8318
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Policy Services

Trucking Risk Management

First Arkansas Insurance
Tracy Stephens

(479) 251-7515

 

The trucking industry is complex and it takes an experienced risk manager to protect motor carriers from the pitfalls that seem to appear around every corner. First Arkansas Insurance understands the industry and has two carefully crafted risk management programs to shield the assets of the motor carrier, properly insure drivers, and restore the motor carrier’s peace of mind.

We are ever watchful for dangers like:

  • Mis-Classified Drivers
  • Implications of Physical Damage and Contingent Liability Insurance
  • Implications of buying Workers Compensation for your drivers
Do you have 1099 Independent Owner/Operators who really only drive for your company?
  What’s the Risk? Examples Our Solution  
  In the event of an accident, the driver may seek to be deemed an employee by the workers’ compensation board, and gain access to your corporate Workers’ Compensation policy.This opens the door to the driver, and all the other 1099 drivers to demand employee benefits. Truck Drivers Sue large Port Newark Trucking Company Over Pay DeductionsMajor Lawsuit Seeks to Recover Substantial Damages Stolen from Paychecks of Newark’s Low-Income Truck DriversIRS Probing Trucking Companies: Possible Reclassification of Drivers as Employees Could Cost Area Firm MillionsFedEx Drivers Launch Suit for ReclassificationEfforts to Reclassify Port Truckers Ramping Up


Video
(Webinar #1 )
(Webinar #2 )
(Webinar #3 )

Our program builds a firewall between the motor carrier and driver and insures the driver properly  
 
Do your 1099 Independent owner operators use Occupational Accident and Contingent Liability for insurance rather than Workers’ Compensation?
  What’s the Risk? Examples Our Solution  
  Because the benefits a driver can receive from Contingent Liability and Occupational Accident coverage are significantly less than Worker’s Compensation, the driver may seek to be deemed an employee by the Workers’  Compensation Board.This opens the door to the driver, and all the other 1099 drivers to demand employee benefits. Slide Show
(PDF) / (PowerPoint)
Our program ensures that drivers have access to the proper coverage so that they do not seek to be deemed employees and also builds a firewall between the motor carrier and driver to protect against the liability incurred when a 1099 Independent Contractor is deemed an Employee.  
 
         
Do you provide Workers’ Compensation insurance for your 1099 Owner/Operators and subtract premium from the driver’s settlement?
  What’s the Risk? Examples Our Solution  
  Worker’s Compensation is a standard benefit extended to Employees. This lays the groundwork for an arguement that the 1099 Independent Contractor may actually be more like an employee than an Independent Contractor.This opens the door to all the 1099 drivers to demand employee benefits. (401k, Health Care, Slide Show
(PDF) / (PowerPoint)
Our program builds a firewall between the motor carrier and driver and insures the driver properly