CT Trucking Insurance: Can Technology Improve Fleet Operations? Part 1

EditorCommercial Auto Insurance, Trucking and Transportation

CT Trucking Insurance: Can Technology Improve Fleet Operations? Part 1 CT Trucking Insurance Can Technology Improve Fleet Operations Part 1

Over the last few years, there has been a growing interest in the integrated use of telecommunications and informatics, such as Global Positioning Systems (GPS), in commercial vehicles to improve safety and efficiency. Originally relying on simple GPS tracking systems, trucking fleets have been monitoring their vehicles and drivers for nearly two decades, but modern improvements on telematics technology are revolutionizing the way commercial vehicle owners manage and keep track of their assets. Modern vehicle telematics essentially refer to the integrated infrastructure of wireless communications technology, GPS and tracking capabilities, vehicle-to-vehicle (V2V) communications systems, electronic logging systems, and integrated sensor technology that can influence and monitor a vehicle on the move.  These technologies enable fleet owners to monitor everything from the location of their vehicles to the rate of travel, fuel efficiency, and ever some operator’s driving behaviors.

In recent years, the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) has pushed for the widespread the adoption of such technologies, including electronic logging devices and V2V communications systems in hopes of improving the record-keeping and accountability among fleet operators and drivers. Experts project that by 2019 more than 50 million commercial vehicles will have integrated telematics systems, from taxis and long-haul trucks to construction and emergency services vehicles. The appeal is that these technologies are able to monitor vehicles and drivers to help fleet owners keep records of fleet activity and locations at any given time. Such data can be used for risk mitigation, loss evaluation, strategic planning, and other tactical applications as well as accident reconstruction for cases involving commercial vehicles.

Technology can be a huge asset to the Connecticut trucking industry and commercial fleet owners, but even the best monitoring and safety precautions cannot always prevent occasional accidents and losses. At Sinclair Risk and Financial Management, we understand the complexity of the Connecticut trucking industry and specialize in helping fleet owners protect their operation and assets. Our CT trucking insurance programs are tailored to the unique niche needs of trucking operations. Our policies and plans are fully customizable and offer the flexibility your operations needs now and as you continue to grow and adapt in the future. To learn more about our CT trucking insurance programs, or any of our commercial offerings, give us a call today at (877) 602-2305.