Loss Runs
Loss runs are official reports generated by your insurance carrier that show your claims history over a specific period of time—typically the last 3 to 5 years. A loss run report includes: dates of each claim, type of loss (collision, cargo, liability, etc.), amount paid out, open vs. closed claims, and reserve amounts (expected future payouts)
📄 Loss Runs in Trucking Insurance: What They Are and Why They Matter
If you operate a trucking business, you’ve probably heard the term loss runs come up when shopping for insurance. Whether you’re renewing your policy or switching carriers, loss runs play a major role in how your premiums are calculated—and how insurers view your risk.
At Protec Consulting Group, we help trucking companies understand their loss history and position themselves for the best possible rates. Here’s everything you need to know about loss runs and how they impact your business. 🚛
📊 What Are Loss Runs?
Loss runs are official reports generated by your insurance carrier that show your claims history over a specific period of time—typically the last 3 to 5 years.
A loss run report includes:
- 📅 Dates of each claim
- 💥 Type of loss (collision, cargo, liability, etc.)
- 💲 Amount paid out
- ⏳ Open vs. closed claims
- 📈 Reserve amounts (expected future payouts)
Think of loss runs as your trucking company’s “insurance report card.”
🚛 Why Loss Runs Matter for Trucking Companies
Insurance companies rely heavily on loss runs to evaluate risk. The cleaner your loss history, the better your chances of securing competitive rates.
Here’s how loss runs impact you:
💰 1. Premium Pricing
Frequent or high-cost claims can increase your premiums significantly. A strong loss history can help lower your costs.
📉 2. Underwriting Decisions
Carriers use loss runs to determine whether they want to insure your business at all.
🔁 3. Policy Renewals
Even if you stay with the same carrier, your loss runs will influence your renewal terms.
📥 How to Request Your Loss Runs
Getting your loss runs is simple—but it must be done correctly to avoid delays.
You can request them from:
- Your current insurance agent
- Your insurance carrier directly
- Prior carriers (for full history)
Most insurance companies require a signed loss run request letter from the business owner.
💡 Pro Tip: Always request updated loss runs at least 30–60 days before your policy renewal.
⚠️ Common Issues with Loss Runs
Many trucking companies run into problems when reviewing their loss runs. Some of the most common issues include:
- ❌ Incorrect claim reserves inflating your losses
- ❌ Claims marked as open when they should be closed
- ❌ Missing claim details
- ❌ Incomplete history from prior carriers
These errors can cost you thousands in unnecessary premium.
🧠 How Protec Helps You Leverage Your Loss Runs
At Protec Consulting Group, we don’t just submit your loss runs—we analyze them.
We help you:
- 🔍 Identify and correct errors
- 📊 Present your risk profile in the best light
- 🤝 Negotiate with underwriters
- 💼 Secure better coverage at competitive rates
Our goal is simple: turn your loss history into a competitive advantage.
📞 Get a Quote Today
If you’re a trucking company looking to lower your insurance costs, your loss runs are the first step.
👉 Let Protec Consulting Group review your loss runs and shop the market for you.
Contact us today for a free quote and policy review. 🚀