TRUCKING is a growing niche. That should be obvious to anyone who has driven on an interstate highway lately, and it also is backed up by statistics from the Federal Highway Administration. According to the most recent information posted on its Web site, there were more than 1,876,000 registered tractor trailers on the roads in 2004. That was up 6.7% from the previous year and 18% from 2000.
Such trends bode well for Interstate Motor Carriers Agency. The agency was started in 1936 and has always specialized exclusively in trucking insurance. I joined the firm in 1979 after working three years as an insurance-company claims specialist and today am a partner and the agency's executive vice president.
We're licensed in 42 states and write trucking insurance all over the country. We have clients of every size and nature. Most of our business comes from midsize fleets–those with 50 to 100 units–but we also provide insurance for trucking companies with as many as 800 trucks. We also write owner-operators, small entrepreneurs who may arrange for their own loads or who lease themselves and their tractors to trucking companies. When they do, they raise important coverage issues for the trucking companies, as I'll explain later.
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