Loss runs are a standard part of many trucking insurance submissions. They give an underwriter a record of reported claims over a stated period and help provide context beyond a simple premium or policy summary.
What a Loss Run Usually Shows
A loss run commonly lists claim dates, claim types, paid amounts, reserves, and whether a claim is open or closed. The format can vary by insurer. Underwriters may request several years of currently valued loss runs, particularly for fleets or more complex accounts.
Why Underwriters Review Them
Loss history can help an underwriter evaluate claim frequency, severity, trends, and open exposures. A single loss does not tell the whole story. Context matters, including what happened, what changed afterward, and whether the operation has implemented relevant corrective measures.
How to Prepare
- Request currently valued loss runs early in the renewal process
- Review them for accuracy and identify open claims
- Prepare concise factual explanations for significant losses when appropriate
- Keep supporting information organized, including safety or maintenance changes relevant to the account
Use the Information Constructively
Loss runs are not simply a pass-or-fail document. They are one part of a broader underwriting review that can also include drivers, equipment, commodities, routes, contracts, and requested coverage. Complete information helps markets evaluate the risk on its actual facts.
This article is general educational information, not insurance advice. Coverage and eligibility are subject to underwriting and policy terms.
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