BCS Trucking Clients
Private Label Client Group
As a BCS Private Label Client you can keep on trucking knowing BCS has your back and this is especially true if you consider two of the most critical issues for your financial success are: (1) turning your "Accounts Receivable"into Cash and (2) Protecting your corporate assets from "liability" which includes not only your trucks but the cargo you transport for others.
BCS Trucking clients enjoy peace of mind knowing their financial success is in good hands when they are part of the BCS Private Label Client Group. In addition, as a BCS Private Label Client, you no longer have the worry or expense related to managing your "Accounts Receivable" because BCS can take over the back office duties and the complete management of your "Accounts Receivable Department" freeing you to do what you should be doing as a Trucker. Yes, with BCS "factoring" your AR Department you become more efficient, save payroll, and free yourself of the expense and hassle of the back office Accounts Receivable Department. You can simply "Keep On Trucking".
Understanding Trucker's Insurance
Primary Liability Insurance coverage protects you from damage or injuries to other people as a result of a truck accident. This truck insurance coverage is mandated by state and federal agencies and proof of coverage is required. We provide insurance coverage limits ranging from $35,000 to $5,000,000. Pricing is dependant on region, driving records, and history of the trucking operation.
Physical Damage Insurance is coverage for your truck and trailer. This insurance coverage is for repair or replacement for damage resulting from things such as collision, fire, theft, hail, windstorm, earthquake, flood, mischief, or vandalism to your owned vehicles. Pricing is based on the value of your equipment and usually pays a percentage of that value. Physical damage coverage may be required by the lien holder of your vehicle.
Motor Truck Cargo
Motor Truck Cargo insurance is needed to protect the carrier in case of lost freight or damaged goods. There is a maximum load limit per vehicle with this policy. Truck insurance coverage limits can range from $10,000 to $100,000 with excess policies available upon request. Pricing for this insurance is mainly dependant on the type of cargo being hauled.
Trailer Interchange Insurance is coverage for the legal liability of truckers for loss or damage to non-owned trailers and equipment which are in the insured's possession under a written trailer interchange agreement.
Non-Trucking Liability (Bobtail Coverage) provides limited liability truck insurance for owner-operators who are permanently leased to an ICC regulated carrier. It provides limited liability protection when the owner-operator is not on dispatch, nor pulling a loaded trailer. For example, this coverage would apply when the owner-operator gets their truck washed or brings their trucks into a shop for repairs. Once the owner-operator is under dispatch, they are covered under the Primary Liability insurance policy of the company that they are leased to.
Short Term Insurance and Temporary Insurance
Short term truck insurance can be used to move a truck after purchase or for repairs. NITIC offers affordable policies ranging from 24 to 72 hours in length.
Motor Truck Cargo Legal Liability Insurance
Motor Truck Cargo Legal Liability Insurance, more commonly referred to as “Cargo Insurance” covers losses or damage to the commodities the trucker is hauling while they are being transported. Carriers are responsible for the cargo they control while it is in their possession. While operating under a Bill of Lading, beginning at the point at which the cargo is taken into their possession until when it reaches its destination and is signed for, it is the Carriers responsibility to take every possible step to insure the safety of the cargo.
In the event that a loss occurs while the cargo is in transit, YOU, the BCS Private Label Client and policyholder will be covered as long there are no perils or cause of loss specifically excluded in the policy. Cargo policies are written based on the actual commodities being hauled and are very specific. Cargo Insurance policies are usually endorsed or modified to meet the needs and exposures of the particular carrier for hire. Insurance premiums and deductibles vary depending on the commodities hauled. National Independent Truckers Ins. Co.,
As a BCS Private Label Client, SIR(Direct-Link) can assist you in securing Cargo Insurance with limits ranging from $5,000 up to $250,000 with excess insurance being offered as well. Our commitment to you as a BCS Private Label Client is to help you secure Cargo Insurance for individual requirements for various types of commodities including but not limited to General Dry Freight Haulers, Automobile Haulers, Refrigerated Food Haulers and Dump Truck Operations for not only Interstate but also Intrastate Carriers.
Short Term Truck Insurance
For the owner operator that requires short term or temporary coverage to move a truck, we offer affordable 24 to 72 hour policies. These policies are useful for those that need to move a truck from point of purchase to home or take a truck for repairs.
Coverage is available for both short term primary liability and physical damage. The policy can be bound the same day of purchase so you can get back on the road fast. Our insurance policies are A.M. Best Rated and we are rated A+ by the Better Business Bureau.
Sample Rates & Pricing for Short Term Truck Insurance
24 Hours - $140.00
48 Hours - $240.00
72 Hours - $340.00
5 Days -$540.00
Liability limits of $60,000 apply.
This policy may not be used for any type of hauling.
You cannot register the vehicle with this policy.
If you have greater than 1 ticket and 1 accident in the past 3 years the policy will require underwriter approval.
Hazmat Insurance For Truckers
Transporting hazardous materials with your truck involves increased risk and requires specialized training. Most states require a hazmat endorsement on a CDL license before the driver may transport hazardous materials. Federal regulations also require drivers to participate in the Hazardous Materials Endorsement Threat Assessment Program.
We can assist our BCS Private Label Clients in securing insurance coverage for various hazmat cargo including hazardous waste, oil, gasoline, diesel, milk and coal.
Need Working Capital ?
Turn your "Accounts Receivable" into Cash
DISCOVER THE BCS MAX FACTOR
As a BCS Private Label Client you will have an expert on your team
by the name of Max Toledo and at BCS we call this the MAX FACTOR.
You are invited to contact Max and discover how BCS can turn your
"Accounts Receivable" into CASH and how Max can make a difference
for your business by eliminating the costs associated with maintaining
an Accounts Receivable Department while turning your Accounts Receivable into working capital or what many call CASH.
Bridgeport Captital Services
Get Cash for Your Unpaid Invoices
At Bridgeport Capital Services, whether you operate a large fleet of trucks or a single carrier, we’ve got your cash flow needs covered. With our flexible factoring programs you can easily transform your customers’ invoices into fast cash to use for fuel, insurance, repairs, equipment, and all your on-the-road expenses today. Rather than waiting weeks and months to get paid on your invoices, get cash upfront, when your trucking company needs it most.
Freight Factoring Benefits
Turn freight bills into cash.
Low factoring rates for fleets of all sizes.
Complimentary credit checks.
Get a Fleet One fuel card.
Haul more loads.
Turning "Accounts Receivable" into "Working Capital"