Reported 2 days ago
Reporting-style insurance allows motor carriers to pay premiums based on actual mileage or units used each month, providing flexibility and cost-efficiency linked to their operational activity. This model requires carriers to report their usage data regularly, adjusting the premiums according to their performance. While this approach caters to businesses with variable workloads, it also demands more administrative effort compared to traditional insurance plans, which offer consistent monthly rates. Ultimately, carriers must decide based on their financial strategies and operational needs.
Source: YAHOO