A variety of trends—including gas shortages, shipping delays, inflation, extreme weather, and the COVID-19 pandemic—have significantly impacted the Inland Marine Insurance industry. This unprecedented volatility has led to increased rates, new exclusions, and tighter policy terms to limit losses. Inland Marine Insurance provides coverage for...
In 2015, then-President Barack Obama asked the transportation industry to incentivize motor carriers that were early adopters of safety technologies. Years later, the proposed “Beyond Compliance” program remains stalled. The program urged the Federal Motor Carrier Safety Administration (FMCSA) to improve their Safety Measurement System, rewarding...
The trucking industry faces numerous challenges. Employee shortages mean less experienced drivers are on the road, which could negatively impact fleet safety and the ability to obtain insurance coverage. Fortunately, the industry is seeing the introduction of predictive safety and analytics technologies that are helping fleets reduce accidents,...
Are you trying to determine the right coverage for a client’s garage business? First, it’s important to know the difference between Garage Liability and Garagekeepers Liability coverage to determine the type(s) of coverage your client needs. But there are other factors to keep in mind when considering coverage for an auto repair business. Garage...