The US-based Independent Truck Repair Group (iTRG) has partnered with an anonymous insurance company to create a national insurance program for iTRG members. The industry association plans to roll out the program nationwide before the end of the year.
According to John Stoeckinger, president of iTRG, the rising cost of insurance plans has prompted the association to act.
“The Independent Truck Repair Group was created to help independent truck repair shop owners build and maintain successful businesses. Our members have reported increases of around 20% or more in worker compensation and payroll, so we decided to use our collective power to negotiate better coverage, at a better price,” Stoeckinger said.
The association began the process of working with an insurance company to reduce the cost of payroll and workers’ compensation earlier this year. Owners of independent truck repair shops will be able to enroll in the program.
“The registration process will be remarkably simple for our members,” says Stoeckinger. “The last administration created the ability for groups and associations to create their own insurance plans, and this policy is still in effect today. This allows independent repair shops to offer employees a national health care plan that is an alternative to the Affordable Care Act, known as Obamacare. As an association, we use the power of our group to provide a captive, self-funded national health care system.