Insurance Underwriters are reviewing the MCS-150
Every two years all commercial transportation companies that hold a DOT number must update their MCS-150 filing.
I want to stress the importance of making sure the information on the MCS-150 is accurate. We're getting more and more questions from our insurance underwriters asking us to verify if the commodities listed on the MCS-150 are correct. Our recomendation is to only list the commodities that are truly being hauled. Don't mark commodities with that you 'might' haul in the future.
It's also important to make sure the power unit count and the miles make sense on the MCS-150. Underwriters want to see that the total annual miles on your IFTA report, are close to the miles reported on the MCS-150.
Updating your MCS-150 can also reflect positively on your CSA scores.
We want to paint an accurate picture of your operation to our underwriters so we can negotiate the best possible outcome the insurance market has to offer.
Hope this helps. Keep Truckin'
Shoot me an email with any questions - [email protected]