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Corporate Fitness & Stress Test:

Survival of your company depends upon way more than bottom line results on your financial statement. Profit & Loss statements are the end result of dozens of individual metric's. It is postmortem, meaning it is what happened and does not predict long term results. TransportAdvisors has developed a proprietary "Fitness Test" looking at about a dozen key categories of your business. This includes objective and subjective analysis. Upon completing the drill down into the business the owners will receive a confidential score card along with action items and identified risk factors . Owners can use this information to bolster their company to improve success into the next generation and/or increase the value of the company ahead of any future M & A transaction. It can also be used for due diligence and justification prior to funding CapX or a strategic investment.  

 

Loss Prevention Assessments:

What keeps you up at night? In a roundtable discussion with fleet owners large and small, they all agreed to one thing, the biggest threat to the long term survival of their enterprise is exposure to risk or "the catastrophic crash". Its scary to think that everything that you and your team have worked for can come to an abrupt end through a split second lapse in judgement of just one driver. According to a respected insurance research firm, Nuclear verdicts have gone from an average of $23 Million to $44 Million with no sign of letting up. Besides the recent Covid19 challenges, we believe the biggest risk to survival of our industry is a company's ability to procure insurance. Premiums have gone up exponentially with double digit increases being the norm over the last 2 years. Dozens of trucking company's including family owned multi-generational firms have already shut their doors this year at an alarming rate because they cannot remain competitive in the market with mushrooming premiums. Best in class, savvy operators understand what it takes to minimize risk. It is buried deep in their cultures. In essence loss runs translate directly into your insurance rates. Dont wait for the increase to start thinking about creating a solid program, contact TransportAdvisors today!

 

We share your passion for saving lives and doing the right thing! This is why we have declared loss prevention as the most meaningful offering in our firm! We provide a "Deep Dive Assessment" highlighting the strengths and weaknesses within their loss prevention program. This assessment will touch every area of your business. We will look at structure, processes, insurance procurement, training, compliance and recruiting practices. Proven technology can also provide a layered approach with a heavy emphasis on the human element. We can help you maneuver through technology investment decisions. 

 

Every day is a new day filled with new challenges and new regulations. This often requires more or less resources. Let us augment your team by bringing expertise to the table. This will give you peace of mind knowing that your organization is ready for whatever comes your way.

 

With virtual compliance reviews becoming the norm, we also provide "Mock Audit" services. This operates just like a real audit. Upon the conclusion of the assessment the client will receive a confidential review with honest and unhindered steps and recommendations to prepare for the real thing.

 

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