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Note 5 - Claims Liabilities
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Liability for Future Policy Benefits and Unpaid Claims Disclosure [Text Block]
5.
CLAIMS LIABILITIES
 
With respect to physical damage for trucks, cargo loss and auto liability, the Company maintains insurance coverage to protect it from certain business risks. These policies are with various carriers and have per occurrence deductibles of
$10,000,
$10,000
and
$2,500,
respectively. Prior to
October
1,
2013,
the Company was self-insured for physical damage losses on its trailers. From
October
1,
2013
until
September
30,
2015,
the Company insured its trailers for physical damage losses with a
$2,500
deductible per occurrence. Beginning
October
1,
2015,
the Company elected to self-insure trailers for physical damage losses. The Company maintains workers’ compensation coverage in Arkansas, Ohio, Oklahoma, Mississippi, and Florida with a
$500,000
self-insured retention and a
$500,000
per occurrence excess policy. The Company has elected to opt out of workers' compensation coverage in Texas and is providing coverage through the P.A.M. Texas Injury Plan. The Company has accrued for estimated losses to pay such claims as well as claims incurred but not yet reported. The Company has not experienced any adverse trends involving differences in claims experienced versus claims estimates for workers’ compensation claims. Letters of credit aggregating approximately
$521,000
and certificates of deposit totaling
$300,000
are held by banks as security for workers’ compensation claims. The Company self-insures for employee health claims with a stop loss of
$325,000
per covered employee per year and estimates its liability for claims outstanding and claims incurred but not reported.