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Insurance Gaps Expose Carriers to Significant Liability, Industry Data Shows

Up to 15% of certificates of insurance in the trucking sector contain errors or omissions, creating substantial exposure for carriers, brokers, and shippers, according to MeshVI founder Andy Sharpe. Insurance costs for motor carriers have tripled or more since the Montgomery Supreme Court ruling. Traditional certificates are generated once annually and reviewed at renewal, leaving fleets vulnerable to coverage lapses between reviews. A single uncovered vehicle or excluded driver on a cargo claim can force freight brokers or shippers to absorb costs that proper policy maintenance would have covered. The operational burden on insurance agencies compounds the problem. One MeshVI customer receives 1,000 weekly requests from monitoring platforms demanding VIN-level and driver-level data. Manual processing of these requests increases error risk substantially. MeshVI, launched in 2019, built an insurance operations platform providing real-time, granular coverage visibility within agency workflows, enabling downstream access for motor carriers to integrate with electronic logging devices.