Hunter Nelson explains why trucking operators should avoid non-admitted insurance, which lacks state backing and regulation. With non-admitted policies, taxes and fees eat into premiums, leaving you with worse coverage. Admitted insurance puts your money directly toward actual coverage, giving you roughly ten times better protection.
They're not going to cover it. And so general liability is going to be a big piece. Not a lot of people do this. They will go through what's called a non-admitted market. It's not backed up by the state. It's not regulated. You're going to pay tax and fees. It's going to be financed and a good chunk of your insurance dollars will be going to tax and fees and nobody wants to pay insurance anyway, let alone paying multiple people to go get you guys error or excess and surplus lines or non-admitted insurance. Plus the coverage is going to be garbage. We do have an admitted option where your premium dollars are going towards the insurance. It's going to be 10 times better coverage, and your brokers, if you work with any, are going to absolutely love you.
