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: […]
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 […]
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 […]
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, […]
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. […]
Spring is here and what an excellent time to start a safety incentive program for your employees! A good program can reduce insurance costs, raise employee awareness, and build company morale. Many insurance companies will offer schedule credits to companies that have team safety incentive programs in place, as does the CMSA workers’ compensation program. […]
A transportation company’s success is greatly dependent on its ability to attract and retain quality drivers. In today’s competitive environment, a major draw against a trucking company’s capital is the cost of the recruitment and retention of the company’s driving fleet. The company must first attract potential quality drivers. Then the company must convince them […]
The largest liability facing the transportation industry is motor vehicle accidents. When larger commercial vehicles are involved in accidents the bodily injury and damage to personal property is 3 to 4 times more severe than accidents that involve private passenger vehicles. A company that takes the time to select the proper driver and provide the […]