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Happy Labor Day!
Our office will be closed Monday, September 2nd in observance of Labor Day. Our regular hours of operation will resume Tuesday, September 3, 2019.

We would like to wish everyone a safe and happy Labor Day. 

Sincerely,
 

Precision Insurance & Financial Services, Inc.
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Welcome to the Team Reed

Reed F. Gilmore has joined Precision Insurance & Financial Services, Inc as manager and producer of our western region office in Jackson, Wyoming.  Mr. Gilmore, a transportation insurance specialist, brings years of experience in underwriting and managing portfolios of trucking and transportation clients.  He will concentrate his efforts on expanding our growing client portfolio in the western United States and will supervise our premium finance operation.  Reed is a graduate of the University of Mississippi.  He and his wife currently reside in Fort Collins, Colorado. 

 Welcome to the team, Reed!

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Sunday kicked off National Truck Driver Appreciation Week - a week-long celebration honoring the 3.5 million professional truck drivers in the U.S.  As transportation professionals, we recognize how much these hard-working individuals do, but most consumers are not aware.  Here are some things you may not know about our nation's professional truck drivers. 

  • The trucking industry is an essential driver of our econmy, contributing $738.9 billion in revenue a year.
  • There are 3.5 million truck drivers in the United States.  The total trucking industry employment is 7.3 million.
  • These men and women move more than 10 billion tons of freight each year.
  • Through their dedication and endless hours, truck drivers travel over 4.5 billion collective miles a year, making sure that the things we often take for granted are readily available.
  • In the U.S., 90 percent of communities rely exclusively on truck drivers for their every-day goods and necessities.

During this week-long celebration, we would like to recognize these hard-working individuals for their commitment to one of the economy's most important and demanding jobs.  On behalf of all of us at Precision Insurance and Financial Services, we would like to extend a sincere thank you to America's truck drivers.

While you are working around the clock, we are dedicated to assisting you along the way.  At Precision Insurance and Financial Services, it is our mission to protect and maximize your assets and make your job easier, while you are on the road.  

 Thank you for keeping this country moving! 

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Fall is a time for football, falling leaves, apple cider, hay rides, and the CVSA’s Operation Safe Drive Week. There will be educational outreach events throughout the week. Law enforcement officials across North America will be out in full force with their magnifying glasses on commercial motor vehicle drivers and passenger-vehicle drivers looking for unsafe driving behaviors.

CVSA Operation Safe Driver week will be held October 15-21, 2017. Throughout the week law enforcement officials will identify and issue warnings and/or citations to drivers they see exhibiting unsafe driving behaviors. Dangerous driving behaviors that they will be looking for include, but are not limited to: speeding, texting, not wearing seat belts, traveling too closely, improper lane changes, failure to obey traffic control devices, and distracted driving.

The goal of the program is to “reduce the number of crashes, deaths and injuries involving large trucks, buses and passenger vehicles due to unsafe driving behaviors.” Unsafe driving behaviors are the leading cause of crashes. Keep crash, injury, death, and your insurance rates down by keeping your head up and eyes on the road! 

 
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            At Precision, we want you to understand more about your insurance costs. Tickets and points on your license are not the only things insurance companies take into consideration.  Insurance companies take many factors into account when determining the price of your insurance quote. One of these factors is your safety rating (DOT score) determined by the Federal Motor Carrier Safety Administration(FMCSA).

            Carriers are given ratings of satisfactory, conditional, or unsatisfactory for multiple compliance areas. These areas include: Unsafe Driving, Crash Indicator, Hours-of-Service Compliance, Vehicle Maintenance, Controlled Substances/Alcohol, Hazardous Materials Compliance, and Driver Fitness.

When your drivers and vehicles go through an inspection, it is noted each time they are placed “out of service”. For example, if your brakes are still in use past the time they need to be replaced, it is noted in the “Vehicle” area on your DOT rating. If your “out of service %” in any category is 80% or above, the DOT places an “alert” on your company. These percentages are determined according to the number of inspections you have had and the number of times out of service. Some insurance companies have a policy not to cover carriers with 2 or more alerts.  Other companies will take the risk, but quote high rates. This means you could have clean drivers, but still have high rates due to bad inspection outcomes. 

Making efforts to improve a bad safety rating or maintain a good one can do remarkable things for your business. When you keep your equipment up to date, comply with hours-of-service, driver safety, and basic laws of the road, your company will be a well-oiled machine (pun intended). In the process, you will reduce accidents and improve your safety score, which in turn, will bring down the price of your insurance! It’s a win-win for everyone!

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We would like to announce our acquisition of Concord Commercial Insurance Agency, Inc. in Punta Gorda, Florida.Concord Commercial is a leading transportation insurance agency and broker in the Southeastern United States. Concord Commercial's staff not only has experience in writing transportation insurance, they have experience in managing transportation companies.

Their unique experience, customer service reputation, and leadership in the Southeast market is what attracted Precision to them. Concord Commercial currently writes business in Florida, Georgia, South Carolina, North Carolina, Virginia, and Texas. Their market area is expected to grow over the next several months as they add new customers to their already diversified and growing book of business.

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