Loss Control Lowers RisksAnd Rates

Efforts to limit driver turnover coupled with strong safety plans may help risk managers at trucking firms reduce their companies exposures and ultimately, their insurance premiums, loss control and prevention experts say.

Greg Byrne, vice president of loss control at St. Paul, Minn.-based Northland Insurance Co., said that keeping experienced drivers on the road is vital because underwriters, concerned with accident frequency, look strongly at the driver age and experience when evaluating trucking risks.

“The drivers themselves are the biggest factor,” Mr. Byrne said, adding that trucking companies should conduct surveys often to determine the best strategy to boost driver retention.

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