Third-party liability from encountering other vehicles on the road is Quality Distribution Inc.'s biggest exposure, says Mike McDonald, vice president of enterprise risk management at QD.
Its second-greatest issue is Workers' Comp. Besides the usual slip-and-fall and strain exposures that apply to most physically demanding workplaces, truckers also are dealing, of course, with super-sized vehicles (and forklifts during loading) that pose both mechanical risks and emit carbon-monoxide fumes and diesel exhaust.
The third-most severe risks are environmental claims resulting from chemical spills.
After those three?
“From that point on, the risk profile drops off dramatically in terms of severity,” McDonald says. “General Liability is not really an issue for us, since we don't get too many tourists in our loading stations.”
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
