Notes from the 2024 NASTC Conference – The Best Three Days in Trucking

For those of you who did not get the opportunity to experience the NASTC conference this year, I wanted to take a minute to recap some of the highlights from an insurance perspective.  Jeff Davis with Fleet Safety Services, LLC, and I had the pleasure of hosting a breakout session dealing with Safety, Compliance, and “Getting the Most Out of your Premium Dollars.”  I was pleasantly surprised that we were able to prevent most of the session goers from not only falling asleep, but actually providing critical information related to arming each member with the necessary information to help ensure that their insurance premiums will remain in line with the marketplace. 

It is critically important that each member is using all the data available to help your company be as safe and profitable as possible.  As a NASTC member, you have many direct outlets to help with your safety numbers that are updated monthly by the FMCSA.  Usually, 8-10 days after the end of the month, your SMS/CSA data will update for your viewing pleasure.  All insurance companies are using this data to form an opinion about your company and what your insurance premiums will ultimately be your next renewal period.  This data, along with data from the Central Analysis Bureau (CAB), plays a significant role in your premium.  NASTC Insurance Services, LLC has seen many examples in 2024 where the members Loss Run Data is excellent, but still received a significant increase because of the violation data.  Bottom line is you need to have a plan.