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Understanding Coverage for Personal Use in Commercial Vehicle Insurance

Understanding Coverage for Personal Use in Commercial Vehicle Insurance When you own or operate a commercial vehicle, your primary concern is likely coverage for business-related activities. However, what happens if you occasionally use that vehicle for personal purposes? Can your commercial insurance policy still cover you? The answer largely depends on your insurer and the…

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Progressive Insurance Expands Coverage for For-Hire Truckers with New Cargo Plus Endorsement

Progressive Insurance Enhances Coverage for For-Hire Truckers with Cargo Plus Endorsement Progressive Insurance has launched a new endorsement, Cargo Plus, to expand protections for for-hire truckers. This endorsement, now available in 42 states, enhances Progressive’s existing motor truck cargo policy. It provides additional coverage for specific risks, ensuring better protection for truckers transporting goods. What…

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Big Fleet Sell-Offs: A Golden Opportunity for Small Businesses

Big Fleet Sell-Offs: A Golden Opportunity for Small Businesses Major rental car companies are rotating their fleets. Hertz, for example, is selling off thousands of vehicles. According to CNN, the company is offering over 20,000 electric vehicles, including Teslas, Polestars, and Volvos. This presents an exciting opportunity for small businesses. These vehicles are well-maintained, late-model,…

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Understanding Insurance Endorsements: Additional Insured, Waiver of Subrogation, and More

Understanding Insurance Endorsements: Additional Insured, Waiver of Subrogation, and More Contractors and business owners often hear terms like “Additional Insured” or “Waiver of Subrogation.” These aren’t just buzzwords. They are specific insurance endorsements. Clients or general contractors usually request them. Understanding what they mean can protect your business and ensure contract compliance. Let’s break down…

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Advancements in Insurance Technology: AI, Automation, and IoT

Advancements in Insurance Technology: AI, Automation, and IoT The insurance industry is experiencing a significant transformation. Artificial intelligence (AI), automation, and the Internet of Things (IoT) are reshaping underwriting processes and enhancing customer service. These technologies enable insurers to offer more personalized, efficient, and transparent services. IoT Industry Insights+6Toxigon+6Codenomad+6 AI and Automation in Underwriting AI…

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The Role of Telematics in Transforming Trucking Insurance

The Role of Telematics in Transforming Trucking Insurance Telematics technology is reshaping the landscape of trucking insurance. By using real-time data from vehicles, insurers can assess risk with greater precision. This shift is unlocking new possibilities for both insurance providers and fleet operators. Real-Time Monitoring of Vehicle Performance and Driver Behavior Telematics systems collect data…

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Impact of 2025 Tariffs on Trucking and Commercial Auto Insurance

Impact of 2025 Tariffs on Trucking and Commercial Auto Insurance In March 2025, President Donald Trump imposed 25% tariffs on imports from Canada and Mexico. These tariffs significantly affect trucking and commercial auto insurance sectors. AllCom Insurance+1Claimsmate+1 Increased Vehicle and Repair Costs The policy will raise prices of new vehicles and auto parts. Analysts predict…

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Finding NEMT Gigs in California: Capitalizing on Growth Opportunities

California

Finding NEMT Gigs in California: Capitalizing on Growth Opportunities The Non-Emergency Medical Transportation (NEMT) market in California is expanding rapidly. By 2030, the market is projected to reach $13.87 billion, growing at a 7.05% compound annual growth rate (CAGR) through 2025. This presents substantial opportunities for NEMT providers. To secure consistent gigs in California, you…

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Where to Buy Wheelchair Vans or Gurney-Equipped Vehicles in California

Wheelchair Vans

Where to Buy Wheelchair Vans or Gurney-Equipped Vehicles in California Why Reliable NEMT Vehicles Matter California’s Medi-Cal reimbursement changes in early 2024 are making wheelchair and gurney transport services more financially viable. In response to provider shortages, the California Department of Health Care Services (DHCS) is increasing reimbursement rates for NEMT providers who meet safety…

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Higher Pay and Benefits to Address the Growing Demand for Labor in the Trucking Industry

The trucking industry faces ongoing labor market challenges, particularly the shortage of qualified drivers. This shortage is driven by increasing retirements and a lack of younger recruits. In response, fleets are offering more competitive pay, improving work-life balance, and investing in new technology training. These strategies aim to attract and retain drivers, ensuring the continued…

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