Another problem with accidents is their potential adverse effect on your safety rating and possible increase on your insurance premiums.
Source: www.maggianolaw.com
11. Trucking Industry Factors – Loss/Theft:
This one can also be hard to nail down. Because theft occurs in one of two ways, it can be either internal or external (I know some will say or both). Internal is when your employee steals from you. External is when someone not affiliated with your company steals from you.
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Either one is bad for business but internal theft can have a more damaging effect on your company’s reputation and emotional impact to you as an employer.
One of the scenarios for the inside theft can be when your drivers are misusing the fuel purchased with company card. Fueloyal have designed a unique Smart Fuel Cap that can solve that issue for you. This is another factor too that might cause your insurance rates to spike.
Source: www.fueloyal.com
12. Trucking Industry Factors – Social factors:
Social factors, how can that be an issue? Good question, simple answer; global warming for one. Regardless where you stand on it, the trucking industry is seen a contributing culprit.
As people demand cleaner means of getting goods and services delivered, so the trucking industry must comply. Another issue is buying trends. People buy more during a good economy, and less when it is bad.
Source: www.wattsupwiththat.com
13. Trucking Industry Factors – Legal factors:
This is the one that always gets people annoyed. Legal factors come in many shapes and sizes. You have the obvious federal, state, and local laws. You have both company’s and your client’s rules and regulations.
But you also have other liabilities. So not only must you comply with the government says, you must comply with industry standards, and within socially acceptable legal guidelines as well.
