Trucking Insurance Fraud: Is Your Fleet Really Covered?

Trucking insurance fraud poses a significant risk to fleets and the industry as a whole, according to Andy Sharpe, founder and CEO of MeshVI. His company's insurance operations platform offers real-time, VIN- and driver-level coverage data to address the issue. A recent Supreme Court ruling has increased demand for such granular information, leading to a surge in requests for VIN-level and driver-level data from insurance monitoring platforms.

Traditional certificates of insurance, which are updated only annually, can lead to coverage gaps if a vehicle or driver is not properly included. MeshVI's platform integrates with electronic logging devices to verify actual operating assets and flag any missing assets, a problem that has become more prevalent as non-admitted carriers have introduced more restrictive auto liability policies.

Certificate fraud, where operators insure a single unit while running multiple trucks, compounds the coverage gap problem. MeshVI recently added a fraud-reporting tool to its platform and is collaborating with state programs to reduce administrative burden and surface fraudulent filings.