Why Every Business Needs Non-Owned Auto Coverage

| posted in Blog, Newsletter

Even businesses that own fleets of autos sometimes use vehicles that do not belong to them. Often, a business asks an employee to run an errand or visit a customer or vendor using that employee’s car. The organization may become legally liable for anything an employee acting on its behalf does while behind the wheel. Lawsuits and accompanying legal costs may confront the business if they have an accident. Many business automobile insurance policies cover this situation, but they do not do so automatically. This is why non-owned auto coverage is crucial. What Is Covered? The standard Insurance Services Office Business…
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Car Crashes a Leading Cause of High-Severity Claims, Safe Driving Rules Can Help

| posted in Blog, Newsletter

Traffic accidents continue to be one of the leading causes of high-severity workers’ comp claims, according to research. The National Council on Compensation Insurance found in a study that the cost of workers’ comp claims for accidents involving motor vehicles was 250% more than the average for all workplace accidents. The study also found large differences between the cost of claims involving large trucks and passenger cars, as well as a reduction in the number of accidents during economic recessions. Besides a threat to other drivers on the road, any injuries your employees suffer while on driving for you on…
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Gaps in Your Policy Coverage Can Leave You Exposed

| posted in Blog, Newsletter

You may have auto insurance and home or renter’s insurance in place to make sure you are covered in case of an accident. But, depending on the circumstances of a claim, you may have coverage gaps in your insurance, and policyholders that do put themselves, their family and their possessions at risk. You should review your policies to see if you have any of the following gaps in your coverage: Coverage for your valuables This would include: • Any collections (coins, stamps, art, etc.) • Pricey jewelry or watches • Electronics. Most homeowner’s policies will typically have a set limit…
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What to Do After a Hit-and-Run Accident

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Most of the time, if you’ve been in a collision, the other party stays put so that you can exchange insurance information and wait for police or emergency services if there is a dispute or injury. But on occasion, the other driver flees the scene, leaving you likely frazzled and scrambling. If you carry uninsured driver’s coverage, the costs will be covered by your insurer. However, there things you should and shouldn’t do if you’ve been involved in a hit-and-run accident. Whatever you do, do not follow or chase the fleeing driver. If you also leave the scene, you may…
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Are Sleepy Workers Damaging Your Business’s Health?

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In June 2014, a truck driver from Georgia drove 800 miles from his home to his Delaware workplace. Without stopping to rest, he then got behind the wheel of a Wal-Mart tractor trailer and headed north. He rear-ended a limousine bus on the New Jersey turnpike, starting a chain-reaction crash involving six vehicles and 21 people. Comedy writer James McNair died and television comedian Tracy Morgan suffered serious injuries. The National Transportation Safety Board concluded that the driver, who had been awake for 28 hours, caused the crash because he was fatigued. Employers are increasingly becoming aware of the problems…
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Multi-Line Discounts May Save You Hundreds of Dollars a Year

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Looking to save money on your insurance premiums every month? You should consider taking advantage of multi-line discounts. Many insurance carriers offer significant discounts for customers who place multiple types of insurance with the same company. In some instances, annual savings may amount to more than $300, according to a new survey by Quadrant Information Services. The insurance information firm recently took a state-by-state look at the savings consumers could realize by bringing multiple personal insurance lines together under the same roof – a practice known as “bundling.” Savings varied by state, as well as the type of insurance policies…
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Employees Driving Their Own Vehicles on the Job Are Your Liability

| posted in Blog

Many business owners don’t think twice when asking a worker to run to the office supply store, to the bank or run another errand for the company while on the clock. But as soon as that employee enters their personal vehicle on a trip for your business, you automatically become vicariously liable for their actions. Think it’s not a big deal? There have been cases when employers have been found liable and ordered to pay up to $25 million for crashes involving employees using their cell phones while driving, according to the National Safety Council. That means if your employee…
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Commercial Auto Rates Continue Climbing

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By now, you’ve likely noticed that your commercial automotive insurance rates have been increasing since last year, and for now there seems to be no slowing the momentum. The increase is probably noticeable since the period between 2011 and 2016 saw rates drop thanks to a number of factors, including fewer accidents, fewer cars on the road and more competition among insurance companies vying for your business. In this article we look at what’s behind the increase in rates. More drivers More people are driving than since the recession that started in 2008. When millions of Americans lost their jobs…
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