Asset Light Fleets

Page 3

WHO WE ARE

TrueNorth’s mission is to assist companies and their people with protecting and maximizing assets, resources, and opportunities. Over the last 25+ years, we’ve built industry-leading Transportation and Risk Management practices.

120+ Transportation Division team members National client base, including 1/3 of the top for-hire motor carriers.

Our Transportation practice specializes in creating client-centric strategies that meet the unique needs of each transportation company. We bring together people, systems, and processes to reduce insurance costs, leverage safety technology and create operational e ciencies.

WHY ASSET LIGHT FLEETS COMPANIES CHOOSE TRUENORTH

For our Tailored Enterprise-IC Risk Strategy & Proprietary Risk Solutions

The national operating model for asset light fleets is ripe with change and complexity. Factors like federal and state statues and case law, fluctuations in the economy, driver shortages and capital constraints all impact business operations.

$346million

We approach risk management on both the corporate and contractor level to address the risks of mixed-capacity transportation enterprises for a tailored Enterprise-IC risk strategy.

TrueChoices

Suite of personal protection tools, Including ACA Exchange for individual ICs.

Independent

IC program communication packaging strategy.

Web-based IC insurance administrative solution.

WHAT WE DO OUR CLIENTS AND PARTNERS

Proprietary claims intake, claims management & business intelligence platform.

OverDrive
iNergy Final Mile Practice
Advantage
TrueChoices
Independent
Insure 60,000+ IC Owner Operators nationwide.
OverDrive
transportation-specific premium placements ($1.57+ billion firm-wide)
iNergy
Mile Practice
Final
Maximize alternative capacity models. Advantage

Solutions

TO 4 CORE PROBLEMS ASSET LIGHT FLEETS FACE

LEGAL & REGULATORY COMPLIANCE

Problem: Di culty maintaining a good IC agreement and/or staying compliant at the state and federal level.

TrueNorth Solution: TrueNorth’s Director of IC Risk platform helps enhance a motor’s carrier’s IC risk management strategies. Our compliance-management strategies support the ever-changing legal and regulatory environment around IC status in trucking, counsel on contract creation and maintenance, and more.

Problem: A motor carrier’s facilitated insurance o ering for ICs doesn’t create cohesion with their corporate insurance coverage, and doesn’t allow for ICs to comply with contractual requirements and receive maximum coverage. The result: potentially significant coverage gaps for ICs and unnecessary exposure for the motor carrier.

TrueNorth Solution: TrueNorth creates risk transfer strategies for motor carriers that support and scale with their business and maximize benefits and cost e ectiveness for ICs - all while ensuring cohesion with the motor carrier’s corporate insurance policies.

SAFETY & DRIVER CAPACITY

Problem: Struggling to create a culture of safety, attract and/or retain ICs, and/or ine ective communication, from recruitment to contract termination.

TrueNorth Solution: TrueNorth Solution: TrueNorth’s ecosystem of business insurance, business services and personal insurance for ICs helps expand a motor carrier’s capacity growth strategies. We craft a robust and curated IC communication strategy to deliver e ective messaging, while maintaining the arm’s length IC relationship. We can also help implement safety and compliance best practices, telematics data management, and knowledge transfer, like coaching.

TECHNOLOGY & ADMINISTRATION SOLUTIONS

Problem: Business processes are ine cient, slow and require a lot of manual administration, and/or driver data is constantly out of date.

TrueNorth Solution: TrueNorth’s OverDrive platform is a technology and administrative tool that allows for streamline integration to automate the administrative workflow of IC programs. OverDrive removes friction from the onboarding process and ongoing administration for both the ICs and motor carrier administrative sta .

OverDrive can eliminate up to 90% of the manual work typically involved in the administration of an IC ecosystem. And some clients see substantial savings as a result of identifying and reconciling historical data.

Client Story

OverDrive was able to provide tremendous relief for our IC onboarding team and ensure we were compliant during the enrollment and ongoing management of J.B. Hunt’s various IC insurance and non-insurance programs.”

Scan the QR code to start the conversation!
2
Becky, ready to see the value TrueNorth can bring to your fleet?
RISK TRANSFER STRATEGIES
1 4 3
Eric McConnell, Vice President of Risk Management

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.