Gain access to knowledge about the unique risks exposures accompanying the transportation and garage industries. Understanding the nuances of transportation insurance mitigates risks thereby ensuring smooth operations for your clients.
The shipping industry is fraught with risks and exposures — volatile weather conditions, mechanical breakdowns, theft and piracy, fuel spills, cyberattacks, and supply chain disruptions, just to name a few. One risk in particular, however, is drawing a lot of...
The responsibilities of auto repair shops go far beyond fixing mechanical problems and performing routine maintenance. In addition to managing the day-to-day business, owners and technicians are also tasked with guarding against accidents, thefts, and unforeseen...
Did you purchase one (or more!) of the 375 million items sold during Amazon’s 2023 Prime Day event? Each year, shoppers mark their calendars for Prime Day, anticipating killer savings on home goods, appliances, toys, and more, all delivered to their door within days....
From supply chain bottlenecks to misdeclared cargo, there are a number of forces currently at play in the cargo insurance marketplace. We sat down with Jencap’s Inland Marine Brokers and VP of Falvey Insurance Group Will Frohne to dig in and unpack these trends. 1....
Motor truck cargo (MTC) is a specialized insurance coverage that protects against loss or damage to goods transported by a truck. This insurance product is intended for businesses that haul cargo for others, such as freight forwarders, trucking companies, and shipping...
In 2023, delivery companies will need to do more with less. As customers expect next day, same day, and just-in-time deliveries, delivery businesses must meet these demands while cutting costs, boosting accuracy, optimizing resources, and becoming more sustainable....
2022 was a trying year for businesses and consumers alike, and 2023 will no doubt face its own set of challenges. In an interview with Insurance Business America, Mike Becker, CEO of the National Association of Professional Insurance Agents, offers encouragement to...
A chemical leak in Perris, California forced evacuations and closed a major highway. Nearly 188,000 pounds of the chemical styrene leaked out of a railroad tanker and overheated, becoming potentially combustible. Compounding the problem: the weather in Perris was a...
If your client’s business involves assembling, importing, exporting, manufacturing, transporting, and/or distributing goods—a Stock Throughput Policy (STP) may be needed to cover their risk exposure. What is a STP A STP is a form of marine coverage that protects a...
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...
Suppose your client is an auto dealer with a large lot of cars for sale. While rearranging cars on the lot, one of your employees accidentally crashes one car into another. Is this damage covered? Auto businesses have unique risks and, therefore, need specific...
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...
Garage Insurance is one of the most commonly misunderstood lines of coverage. Jencap’s expert brokers are ready to clear up the confusion. We’ve parked answers to all of your Garage Insurance questions here.
TRENDS | Q2 2022 | 3 MINUTES
The last mile delivery market is expected to grow by $165B between now and 2027 and almost $62B in North America alone. This trend is influenced by the growing global e-commerce market which will be more and more prevalent. The most complicated, most expensive, and most important step to any delivery is that last mile that gets the package to its final destination.
PODCAST | AUGUST 23, 2023 | 26 MINUTES
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