For Last Mile Delivery drivers and operations, commercial auto insurance can be a significant expense, so it’s crucial to understand those factors that are within your control and influence your premium. Chiefly, speeding violations can have a surprisingly powerful and negative impact on the underwriting of your policy and, ultimately, your wallet. The Underwriting Perspective: […]
“What do my policy endorsements cover?” That’s a question our underwriters hear every day, so here’s everything you need to know about what’s covered under your insurance policy endorsements: Additional Insured Endorsement — Issued to Last Mile Delivery Carrier, its affiliates, designated customers, shippers and landlords where deliveries are to occur. Completed Operations Endorsement — […]
By Ami Miller Have you ever wondered what underwriters are looking at when making decisions about your business’s insurability? An underwriter’s job is to evaluate characteristics of the overall risk associated with your last mile delivery operation. They determine program acceptability and the appropriate premium and coverage limits for your business – which is often […]
I love helping our customers save money on their insurance. I really love it when the savings go hand-in-hand with better coverage to keep them in business. When it comes to shopping for auto insurance as a Contract Carrier for a 3PL, the biggest challenge can be finding an insurer whose coverage is in full […]
Have you received notice of a Workers’ Compensation Premium Audit? Don’t worry, it’s just standard practice to make sure the premium for your workers’ compensation policy accurately reflects your company’s actual exposure (usually payroll) over the policy period. Just keep detailed company records, stay organized, and your workers’ compensation premium audit will be a breeze! […]
The simple answer is that the average claim payment in commercial auto liability increased by 39% between 2019 and 2023. This spike is due to five factors beyond the insurance industry’s control: Here’s a look at how those market pressures drive up premiums: What can Last Mile and Middle Mile Delivery professionals do to guard […]
This winter looks like it will be headed for the record books already: All 50 states have had snowfall, including Florida, and we still have two months to go until Spring. Here in the Denver metro, the temp is hovering around freezing, which feels almost tropical after the sub-zero temperatures we had last week. Don’t […]
By Jesse Lyon By 2045, the mobility sector in California is required to have made a 100% conversion to Zero Emission Vehicles (ZEVs). The new rule, called the Advanced Clean Fleet (ACF) regulation, was approved by the California Air Resources Board (CARB) in April 2023. Last mile delivery fleets must also meet ZEV conversion requirements ahead of […]
As a transportation industry insurance professional, I’ve seen the last mile delivery segment experience drastic growth and change in the last decade, and 2024 is no exception. According to a survey of 300+ global last mile leaders, the last-mile landscape is undergoing a transition from a customer satisfaction-centric approach to a performance-oriented approach. On-time delivery […]
Recently, our Chief Underwriting Officer, Terri Moran was interviewed by The Inside Lane for an article about truck insurance for fleets. Here’s an excerpt from “How to Save Money on Truck Insurance”: Premiums for commercial trucks run from $5,000 up to $40,000 a year, with most vehicles landing in the $15,000 to $20,000 range, said […]