This California Trucking Company Fixed Hiring and Cut Premium by $123,609

This trucking company was insured through a specialty program built for California based trucking companies and it came with real limits. Hauls were restricted to California, Nevada and Arizona. Driver guidelines were strict and the approval process was slow, so slow that qualified drivers often took another job while waiting to get approved. Every delay was a driver they risked losing.

Pearl moved them into a group captive and the restrictions that used to define their operation, disappeared. They can now haul outside California, Nevada and Arizona. Driver guidelines relaxed and the approval process that used to cost them candidates was replaced with virtually no approval process at all. Drivers can now be hired on the spot.

The financial results followed:

• Annual premium reduced by $123,609, year over year
• Based on their historical performance, an estimated $1,023,667 in savings would have been realized over the last five policy periods had they been in the captive from the start

This fleet no longer loses good drivers to a slow approval process, no longer turns down loads outside a three state radius and no longer pays a premium for restrictions that never matched how they actually manage their business.