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In order to remain compliant and in service, the U.S. Department of Transportation mandates that every trucking company maintain certain insurance requirements for liability or cargo, in addition to common or contract operating authority. As you can imagine, given the number of trucking companies that exist, change is widespread. Records show as many as 70,000 companies have changes in their insurance coverage or operating authority each month.
Despite a carrier's insurance policy stating it expires 12 months from the date issued, the policy could get cancelled next week or next month due to non-payment. When that happens, mandatory revocation of Federal operating authority is soon to follow. There are also other causes beyond lack of insurance that result in carriers losing their authority. Such events, as you know, do not stop some carriers from continuing to operate as long as they can.
Not every carrier faces loss of insurance or revocation of authority. At times, their information gets updated simply because of other changes, such as switching insurance companies or increasing policy limits. In either event, CarrierGuard tracks those changes too and promptly keeps you informed. Similarly, if non-compliant carriers reestablish their insurance and reinstate their authority, we assure you will know about it.
Regardless of whether carriers are uninsured, under-insured or operating without authority, any company that does business with non-compliant carriers is at risk. Considering the volume of compliance changes that occur every single day, immunity to problems is almost impossible, and trying to stay current with recent changes can be a formidable task. But now there is an easy solution to overcome such carrier validation challenges.
CarrierGuard protection defends your company against situations that could negatively impact your business. Our automated system provides continuous monitoring of all your registered carriers and alerts you instantly by fax, email and online about changes in their insurance, authority and safety ratings. Complete our online application to request a 30-day trial.
Members can enable or disable our fax alert feature, which is provided as part of our monitoring service at no additional charge. When enabled, our system instantly faxes you a comprehensive report about changes in carrier information.
Provide up to five different email addresses, and each address will be sent a report when changes in insurance or operating authority are detected for your registered motor carriers. You can also enable or disable this feature.
When you log into the CarrierGuard website, you are alerted instantly to recent changes in the status of your registered carriers. We make it easy to isolate and identify the trucking companies and owner operators with status changes by listing them separately from your other carriers.
Our system even provides the ability to track and review historical changes for auditing purposes. So you can see firsthand how insurance, authority and safety ratings for any given carrier have differed over time. And our fraud protection feature offers additional value.
There has never been a better time to get started. Request your 30-day trial account today, and we'll waive the standard setup charge to import your carrier list.
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