Trailer and towing accidents can result in ‘big-dollar’ claims

While there is not a high frequency of claims related to trailers, when they happen they can be pretty severe and lead to big-dollar claims, according to ARA Insurance Preferred Agent Joe Potthast, co-principal agent and account executive, Foundation Insurance, Falls Church, Va.

How significant can the claims be? Well, Potthast says that while it varies from year to year, it’s not unusual for the ARA Insurance program to receive two or three policy-limit claims in a given year from trailer accidents.

In the July Safety Issue of Rental Management magazine, Potthast offers several recommendations to help lower the risk of a trailer-related claim. Click here to read more.

If you are in the equipment rental industry, you can get a free subscription to Rental Management by clicking here.