What If the Insurance Industry Gave Trucking Companies a Discount for Safety Equipment?

I have asked the question before: Who should pay for truck safety? This question is burning within me because I know all too well the answer to another question: Who pays for the lack of truck safety?

When I checked to see what posts I have written on the topic, I discovered that I have written quite a few. Is that so surprising when I observe that, year after year, not too much changes along that line?

Like I said, I have already written volumes on this topic. What more is there to say? Well, plenty. . . and specifically I have written about this question related to the deadly problem of preventable truck underride. In fact, I made a laundry list of ways that installing comprehensive underride protection could actually be considered a Win/Win situation — if we make an effort to creatively address it to the benefit of all:

Should the trucking industry be concerned about underride legislation?

One thing I didn’t include on that list, however, is the idea of the insurance industry providing a discount to trucking companies on their liability insurance for the installation of safety equipment — like side guards, front underride/override protection, and improved rear underride guards.

Well, why not? I’m serious; I don’t really think that’s just an absurd hypothetical question. And I think it deserves a serious answer.

 

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