New Jersey has recently enacted a pivotal change to its commercial truck insurance requirements, doubling the minimum liability insurance for commercial motor vehicles (CMVs). This bold legislative move, implemented in February 2024, aims to enhance road safety and provide better protection for state residents. With new regulations taking effect on July 1, 2024, let's explore the details and implications of this significant change for trucking businesses. The New Commercial Truck Insurance Law Starting July 1, 2024, CMV owners in New Jersey...
How Trucking Companies Can Stay Protected on the Road and Save Money During Tough Economic Times? When you see a big rig driving down the road, you might not think about the insurance that trucking companies need to keep them safe. But the truth is, truck insurance is a special kind of insurance that is crucial for trucking companies to have. In case of an accident or theft, truck insurance helps trucking companies pay for any damage or loss that...
Major changes have been ongoing lately in the trucking industry, which actually began roughly a century ago. With the upcoming Tesla Semi truck, we believe there will be drastic changes coming to the trucking industry. There are numerous reports indicating technological changes that are helping the trucking and delivery businesses. But in our experience, most people that we asked about it focus on the potential negatives rather than looking for opportunities.
