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 […]
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. […]
What is a CAB Report? The CAB Report® is the accepted transportation industry standard, offering the most advanced and comprehensive analysis available. CAB is an independent company that pulls data from FMCSA and other sources and provides a user-friendly layout, interactive capabilities and focus on highlighting relevant issues are critical to making informed decisions for […]
When involved in an accident it is critical that the driver collect as much information as possible so investigation and claims handling, by both the company safety officer and insurance company claims adjusters, can take place in the most efficient manner possible. Accident Checklist
The best way to control long term claims costs is to establish and train employees on the proper method for accident investigation and reporting. Accident investigation and reporting are critical in reducing the costs of both workers’ compensation and vehicle accidents. A good report provides the claims adjusters with the all of the information needed […]