The BizCHOICE Team recently received this question from one of our 3PL contractor driver customers. Question: “What other types of work can I do under my insurance policy? Can I get coverage for load board work?” Answer: Thanks for this question! We love to support our customers who are diversifying their operations to include additional […]
The last mile delivery segment is delivering sustainability through micro-hubs, cargo bikes, and crowd-shipping.
First, the good news: The last mile delivery boom is expected to continue, with the market projected to grow by $62 billion in North America by 2027. Now, for the bad news: With nuclear verdicts on the rise, “good” could turn to “bad” with a single accident. Nuclear verdicts, jury awards exceeding $10 million, are becoming increasingly […]
In January, we recognized Human Trafficking Awareness Month, but the issue of human slavery exists every day of the year. It has been reported in all 50 states, and there are hundreds of thousands of victims in the United States. While illegal, human trafficking is a burgeoning business. Traffickers recruit victims from our schools, online, […]
If you’re a transportation provider performing white-glove delivery services of heavy bulk goods, then you require more insurance coverage than a basic Commercial Auto Liability policy. Not only are you transporting cargo to the consumer, but in many cases, you may be entering residential homes and providing installation of and assembly services for the purchased […]
With winter weather already starting in some of our mountain states, it’s a good time to establish a Winter Preparedness Plan to review safety tips and recommended vehicle maintenance. Understanding what winter road conditions you could encounter is an important step in being prepared, as is making sure your vehicle is ready for winter extremes. […]
Nothing Parties Like a Rental! Loss control is a critical component of managing your insurance costs and running a successful business, especially in the transportation industry. With the total dollar amount of incurred losses for physical damage and the combined liability lines of business continuing to increase year-over-year, loss control becomes even more important. If […]
If your insurance policy is coming up for renewal, it’s important to review your drivers’ scores to ensure you won’t be faced with significant premium increases. According to the Federal Motor Carrier Safety Administration, roadside inspections conducted by state and federal inspectors in 2016 revealed that nearly 5% of the commercial vehicle drivers had sufficient […]
One of our broker partners asked this question for their Last Mile insured who had several catalytic converters stolen TWICE – on two separate occasions in less than 6 months! First, the coverage is not provided under Inland Marine as the vehicles are scheduled under the auto policy. Quite a bit of information follows and does assume […]
The common feature of Umbrella and Excess policies is that both provide increased limits over the underlying policy. In some cases an Umbrella policy may drop down and provide coverage where there is no coverage in place, usually subject to a Self-Insured Retention (SIR.) However, an Excess policy will only respond when an underlying policy responds. […]