Commercial Auto
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 specifics of your policy. Commercial vs. Personal Use Commercial…
Read MoreProgressive Insurance Expands Coverage for For-Hire Truckers with New 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 Does Cargo Plus Cover? Cargo Plus builds upon Progressive’s motor truck…
Read MoreBig 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, and priced to move. Discounted Vehicles, High Value Smart…
Read MoreUnderstanding 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 these important endorsements. Additional Insured An Additional Insured is a…
Read MoreAdvancements 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 algorithms analyze vast amounts of data to assess…
Read MoreImpact 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 new car costs could rise by $5,000 to $15,000.This increase…
Read MoreFinding 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 must adopt specific strategies that leverage the state’s growing…
Read MoreWhere 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 and service quality standards (DHCS, 2024). For NEMT businesses, investing…
Read MoreHow to Start a Trucking Business
How to Start a Trucking Business: Key Steps and Permits You Need for Success Starting a trucking business can be a rewarding venture. The trucking industry is growing, and the demand for freight transportation is expected to rise in the coming years. With the right approach, including ensuring your drivers have the necessary CDL (Commercial…
Read MoreHigher 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…
Read More