Business Auto
Commercial Auto Insurance Trends for 2021
If your company has vehicles on the road, you’ve probably experienced premium increases even if you’ve maintained a good safety record. In some cases those rate increases have reached double-digit percentages, a frustrating state of affairs for any organization. The central issue is that the commercial auto segment has been unprofitable for insurers for much…
Read MoreAuto Theft: Business is Booming
The pandemic has had wide-ranging effects on the economy, with some industries like restaurants and hospitality struggling greatly while others have actually seen improvements. Unfortunately, one sector that had a very big year was auto theft. Vehicle theft has been trending downward in recent years, but the National Insurance Crime Bureau (NICB) reports a surge…
Read MoreWinter Safety: Driving
Losing control of a car is undoubtedly one of the most frightening experiences behind the wheel. Unfortunately, it is a potential side effect when the temperatures turn frigid and the roads get slick with ice or snow. One of the most dangerous winter driving hazards is skidding, which, at high speeds, could result in a…
Read MoreCommercial Auto Premiums: Factors & Advice
As with any other insurance rates, your commercial auto premiums are based on a number of factors, beginning with a combination of potential risk factors (how much driving occurs, and in which areas) and loss history (actual record of accidents, judgements, etc.). That mix of the past and the future will largely determine your risk…
Read MoreCommercial Auto Insurance – Keeping Your Business on the Road
If you run a service company with a fleet of dozens of vehicles, you probably have a solid understanding of the importance of commercial auto insurance. But even businesses with only a few company vehicles will benefit from commercial auto coverage. Following is a brief rundown of the benefits you should expect from commercial auto…
Read MoreOh, Deer! Avoiding – and Dealing With – Animal Collisions
Of all the hazards we encounter in our daily driving, the behavior of deer and other wildlife might be the most unpredictable. Wild animals can move quickly and in seemingly random directions, and encounters with moving vehicles happen all too often. The good news is that collisions between vehicles and deer were down slightly nationwide…
Read MoreNew Maryland Law for Enhanced Uninsured Motorist Coverage
Maryland drivers should be aware of a law that took effect for personal auto policies purchased on or after July 1, 2018. In order to expand protection for drivers who are injured by uninsured or underinsured motorists, insurers issuing new policies are now required to offer enhanced underinsured motorist (EUIM) coverage to replace traditional underinsured…
Read MoreBeing Uber-Careful: Who’s Responsible?
Few businesses have had the widespread impact of the ride-sharing industry. Marrying the GPS and mapping function on every smartphone with a platform for payment, companies like Uber and Lyft are responsible for declines of up to 30 percent in taxi usage. Most agree that the convenience of ride-sharing has reduced incidences of driving while…
Read MoreCellcontrol: An Easy Solution for a Serious Problem
You probably don’t need statistics to tell you that distracted driving is a huge problem. Take a glance at other drivers and you’ll almost always find someone looking down at his or her phone instead of watching the road. For many, “distracted driving” translates to “teens texting.” And while it is a huge problem with…
Read MoreFleet on the Street – Your Preventative Maintenance Plan
In a recent post we discussed the importance and benefits of a formalized maintenance program for your vehicle fleet (if you missed it, see it here). Having discussed the why of a structured program, let’s talk about the how. What are the components of a successful vehicle maintenance program? Mission statement. Mission statements may seem…
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