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: […]
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 […]
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 […]