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Ask the risk manager: Loss Exposures

WHAT ARE LOSS EXPOSURES?  There are several key risk management terms to understand when it comes to loss exposures. “Loss exposures are the possibilities of accidental losses with measurable financial consequences," according to Warren T. Hope, author of Introduction to Risk Management. There are four types of loss exposures that motor carriers must account for: property, liability, personnel, and net income.   Below is a summary of each type of loss exposure.
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7 Traits of a Professional, and How They Improve the Workplace

Managing the space around the truck is challenging. From driving in congested traffic to navigating a crowded parking lot, truck drivers must constantly track the hazards around them to help prevent a collision. Read the information below and ask yourself how you can improve your driving style in any of the hazard categories.
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VIDEO: Lessons Learned From a Road Team Captain

Great West recently had the privilege of hosting two drivers from the American Trucking Associations' America's Road Team. The drivers got a chance to show off their custom tractor-trailer and talk about the importance of professional truck drivers. 
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The Best Approach When Giving and Receiving Feedback

  HOW CAN I GET BETTER AT RECEIVING FEEDBACK FROM OTHERS?   Recognizing the need to gather feedback from employees, peers, and customers is your first step to improving communications. The most important thing you can do is be approachable. If someone offers feedback, he or she is doing so for a reason.   Do not assume what the person will say. Listen carefully and focus on what is being said. Do not get defensive or interrupt. Be mindful of your responses and watch your body language; both will tell the other person if you are genuinely interested or tuning out.
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Monitoring Road Hazards as You Drive

Managing the space around the truck is challenging. From driving in congested traffic to navigating a crowded parking lot, truck drivers must constantly track the hazards around them to help prevent a collision. Read the information below and ask yourself how you can improve your driving style in any of the hazard categories.
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3 Ways to Make Safety Meetings More Effective

HOW CAN I MAKE MY SAFETY MEETINGS MORE EFFECTIVE? Gathering drivers, dispatchers, and other members of the operations team together for a safety meeting is an opportunity that cannot be squandered. The cost and logistics of getting everyone together is formidable, so using this time wisely is essential. Three keys to make your safety meetings more effective are preparation, engagement, and enthusiasm.
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Strategic Leadership in a Complex World

Pandemic or not, we live in a VUCA world. VUCA is an acronym that stands for volatile, uncertain, complex, and ambiguous. This term is used to describe a situation or condition of constant, unpredictable change, and certainly those working in the transportation industry can relate. Adapting to change is a daily occurrence, so here are some strategic leadership tips to help you lead your company in today’s VUCA world.
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Leadership Has a Role in Helping Prevent Railroad and Automobile Incidents

Railroad crossing incidents have steadily declined in the United States since the early 1980’s, according to the Federal Railroad Administration. This is great news. Efforts to decrease the number of incidents, fatalities, and injuries involving trains and vehicles or trains and pedestrians have had a positive impact, but unfortunately, preventable incidents continue to occur.
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10 Ways Motor Carriers can Increase Fuel Efficiency

As diesel prices continue to rise, motor carriers are seeking ways to reduce their fuel expenses.  In a 2021 survey by American Transportation Research Institute, truck drivers ranked fuel prices 3rd in their annual ranking of major concerns. Since the survey, fuel prices have continued to climb to around $5 per gallon, a price not seen since 2014. 
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Do You Repair Trucks? You May Need Garagekeepers Coverage

Many trucking companies have a shop on the premises, where they repair trucks they own and provide repair services for others. When equipment that is not owned by the trucking company is damaged on the premises, who is responsible?
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