20
The OTA accepts that commercial carriers should have access to Facility Insurance in principle and wants to make the stay short, expensive, and conditional.
I reject this premise. I believe that a carrier the voluntary market has refused has been correctly judged unfit, and time-limited access to Facility Insurance just defers that verdict while still leaving the public at risk, and legitimate carriers paying for their mistakes.
To be fair, open, and honest, this opinion is a double edged sword. What if you, or your company, screws up so bad that your insurance carrier drops you, or the market turns and your insurance carrier gets out of the truck insurance business? You, or your company, could, possibly through no fault of your own, be temporarily left with nowhere to go for insurance other than Facility Insurance.
With this in mind I would like everyone to consider the above and respond to the following poll;
I reject this premise. I believe that a carrier the voluntary market has refused has been correctly judged unfit, and time-limited access to Facility Insurance just defers that verdict while still leaving the public at risk, and legitimate carriers paying for their mistakes.
To be fair, open, and honest, this opinion is a double edged sword. What if you, or your company, screws up so bad that your insurance carrier drops you, or the market turns and your insurance carrier gets out of the truck insurance business? You, or your company, could, possibly through no fault of your own, be temporarily left with nowhere to go for insurance other than Facility Insurance.
With this in mind I would like everyone to consider the above and respond to the following poll;