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! […]
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 […]
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 […]
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, […]