CarrierHQ and Aon plc have launched Aon’s action-based monthly motor carrier insurance program, available through CarrierHQ’s online small fleet portal.

Using data from the federally-mandated electronic logging devices (ELDs), Aon’s proprietary rating algorithm provides fleet owners with a driver’s score based on their actions behind the wheel; fleet owners will pay a variable insurance rate per truck based on that score.

Those with safe driving actions will receive lower premiums, while risky driving actions will result in higher premiums, the company says. Rates are then eligible for adjustment each month.

Fleets looking to gain additional cash flow flexibility may couple the insurance product with a CarrierHQ Certified Factoring Partner, enabling the fleet to pay monthly insurance installments without large down payments or costly premium financing, the company notes.

The product will be offered nationwide except New York, Alaska and Hawaii.