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Outdated trucking insurance data leaves fleets exposed to coverage gaps
Up to 15% of certificates of insurance in trucking contain errors or omissions, and motor carrier insurance costs have tripled or more since the Montgomery ruling.
FreightWaves reports that outdated trucking insurance certificates and infrequent review cycles can create coverage gaps for carriers, brokers, and shippers, turning routine policy documentation into a source of operational and financial risk.
According to Andy Sharpe, founder and CEO of MeshVI, up to 15% of certificates of insurance circulating in the trucking industry contain errors or omissions, and insurance costs for motor carriers have tripled or more in the post-Montgomery ruling environment.
The piece says traditional certificates of insurance are generated once and reviewed at annual renewal, leaving fleets exposed between renewals, where a single uncovered vehicle or excluded driver on a cargo claim can force brokers or shippers to pay out of pocket instead of relying on properly maintained coverage.
FreightWaves adds that MeshVI, launched in 2019, built an insurance operations platform designed to provide real-time, VIN-level and driver-level coverage data inside retail insurance agency workflows, aiming to address rising demand from insurance monitoring platforms that has increased after the Supreme Court ruling in the Montgomery case.