Insuregroup Highlights Elevated Risks in Expanding Truck Fleets

Sanderson emphasizes that while growth is a positive indicator for businesses, it brings additional challenges. Larger fleets often face heightened risks due to the complexity of operations and the potential dilution of direct oversight. He points out that many operators focus on expansion without adequately updating their insurance coverage or internal risk management processes.

To mitigate these risks, Sanderson recommends implementing strategies such as scheduled driver training, telematics, and preventive maintenance. He also advises fleet operators to collaborate with insurance professionals to ensure their coverage reflects the evolving realities of their operations.

For truck owners and fleet managers, this serves as a reminder that as businesses grow, so do their responsibilities. Proactively addressing safety and insurance considerations is crucial to maintaining operational efficiency and protecting assets.