suicidejockey
TB Regular
- Credits
- 3
The term "self insured" needs clarification. That refers to companies whose insurance doesn't kick in until a pretty high number...lots of times in the millions. Last I checked, Saia was self insured to $2 million, meaning Saia pays everything until that number is reached, then insurance kicks in. Saia runs a lot of equipment down the road, so their exposure is pretty high. The correlation between insurance and the technology in the cab is so that Saia can potentially use that data in court in order to assign fault. Also, in the event of a catastrophic accident, where property and life loss is substantial, the EOBR can provide lawyers and the insurance companies they represent with ammunition in a courtroom.
5 million now