Placing You First Insurance Podcast by CRC Group

How Digitization Is Driving Cyber Risk for Motor Carriers

February 16, 2023 CRC Group, Chris Hunter, McCulle Wright Episode 67
Placing You First Insurance Podcast by CRC Group
How Digitization Is Driving Cyber Risk for Motor Carriers
Show Notes Chapter Markers

From electronic logging devices (ELDs) to logistics and maintenance software, trucking companies are utilizing innovative technologies to improve efficiency and connectivity. Unfortunately, this often leads to increased cyber risk. In this episode we talk with two of CRC Group’s brokers - Chris Hunter, a Broker specializing in Transportation with CRC Group’s Houston, Texas office, and McCulle Wright, an ExecPro Broker with CRC Group’s Dallas, TX office - to explore this emerging issue in depth.

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Let's start by talking about where the cyber risks start to come in for motor carriers.
What are the benefits of integrating more technology into the trucking industry?
Is this a risk impacting predominantly bigger companies with a larger bottom line?
Can you explain what you mean by motor carriers using "load boards?"
Does that increase their cyber risk?
Are you finding that the uptake on cyber insurance for motor carriers matches with the increased use of technology, or is this an issue that brokers and agents really need to spread the word about?
How does cyber coverage benefit a motor carrier if they do find they do end up being the target of a cyberattack?
How can retail agents help motor carriers obtain the right coverage to address this growing cyber risk?
How do CRC brokers work together to make sure that the client is covered with regard to cyber risks?
Most smaller carriers aren't cyber threat experts; they could probably use someone to help them navigate these issues.