Everyone likes to roll the dice once in a while—but on a board game, not when it comes to protecting your business. Lumber and building material dealers face a number of risks every day, risks that could cause injury or death or bring down the business, i...
Hired and non-owned auto insurance (HNOA) covers commercial liability expenses triggered by accidents involving hired (e.g. rental cars) or borrowed vehicles (e.g. employee-owned) for business use.
All businesses that rely on rented vehicles to facilitate transportation...
For the seventh consecutive year, commercial auto is losing money. Despite rate increases in 23 of the last 25 quarters, the combined ratio topped 111 percent in 2017. The line has been a weak spot for many insurers, forcing them to reduce writings, trim their portfoli...
Rates were already on the rise pre-ELD Mandate. Over the past few years, insurance rates for long-haul trucks and trucking companies have doubled, according to Markets Insider. Premiums that earlier in the decade averaged $6,000 to $7,000 now run...
You don’t need to leave these worries to your imagination. Unfortunately, serious accidents are a reality of the business. It makes sense for lumber or building material dealers to make sure their businesses are protected from one unthinkable tragic event that could br...
Moving nearly 71% of all domestic freight shipments, commercial trucking is the lifeblood of the U.S. economy. According to the Bureau of Transportation Statistics, in 2015 alone those goods totaled some 176 million metric tons worth about $700 billion; since then, bot...
The first half of the year is behind us and our results are mixed depending upon the angle from which you view them. From a premium production standpoint, we are having a banner year with premium surging well above our expectations. This premium production windfall is...
The numbers are staggering. Drivers of tractor trailer trucks and smaller delivery trucks, like those used in a higher rate of fatal and nonfatal injuries than the average of all private industry occupations in 2012, according to the U.S. Bureau of Labor Statistics....
Few relationships can do more to power a small business than a vendor relationship. In fact, recent research found that small and medium-sized businesses are investing between 45 percent and 65 percent of their sales revenue on the procurement of materials or services....
Softwood lumber prices in the United States are reaching record highs, having jumped nearly 20% over the past year. The high price for lumber is the result of a combination of factors including a current lumber shortage, an increase in home construction, tariffs from t...
