What Are Loss Runs in Commercial Trucking Insurance?
A loss run report is an official claims history document issued by your current or prior insurance company. For motor carriers shopping commercial truck insurance or commercial fleet insurance, loss runs serve as the primary verification of your company's historical risk performance.
What Information Does a Loss Run Report Include?
Every standard commercial auto and trucking loss run displays:
- Insured Legal Name & Policy Number
- Policy Effective & Expiration Dates
- Valuation Date: The date the report was generated (underwriters typically require loss runs valued within 30 to 60 days of the renewal effective date).
- Date of Loss & Claim Description: Whether each incident involved liability bodily injury, property damage, motor truck cargo, or physical damage.
- Claim Status (Open vs. Closed): Amount paid, expenses incurred, and any open reserves held by the adjuster.
- No-Loss Confirmation: If zero claims occurred, the report explicitly states "No Known Losses" for the policy period.
Why Underwriters Require 3 to 5 Years of Loss Runs
Illustrative Pricing Standard: Premiums vary materially by state, authority age, driving history, equipment value, cargo, radius, limits and loss history. Any examples are illustrative rather than guaranteed pricing.
Once a motor carrier moves past the new venture stage (typically after 1 to 3+ years of active authority), preferred trucking insurers require 3 to 5 years of currently valued loss runs before releasing a bindable renewal quote. Providing complete, up-to-date loss runs unlocks preferred underwriting tiers that are unavailable to unverified submissions.
Frequently Asked Questions
How Long Does an Insurance Company Have to Provide Loss Runs?
Most state insurance regulations require insurers to furnish loss run reports upon written request from the named insured within a statutory window (often 10 to 15 business days). Request your loss runs at least 45 to 60 days before your policy renewal date.
Compare Renewal Options with InsurixPro
Explore our commercial truck insurance hub or start a quote request online to review renewal options for your authority or fleet.
