Trucker Path has partnered with Cover Whale Insurance Solutions Inc., the provider of a new commercial truck insurance platform.
“With Cover Whale’s technology-driven platform, we can provide insurance quotes to owner-operators in 24 hours or sooner and save customers an average of 15% on premiums,” said Steven Lopez, vice president of business development at Trucker Path. “This new service is a very timely addition for users of the Trucker Path app because for the first time since 2005 the American Transportation Research Institute’s top industry issues report identified insurance costs as a key concern. This partnership will address the fact that the industry is being impacted by rising costs related to litigation and insurance.”
ATRI, a trucking industry not-for-profit research organization, received 3,122 responses to its 16th annual survey. Along with motor carriers and other industry stakeholders, more than 1,000 truck drivers responded to the survey. This year, insurance costs and availability were ranked fifth among the top ten concerns by all participants and fourth among carriers.
Through Trucker Path, Cover Whale is making available its commercial truck insurance platform, the company says. The technology utilizes data analytics, automation and actuarial risk scoring to streamline the application and quoting process, and provide 24/7 access to submissions, quotes, policy documents and claims reporting, the company adds.