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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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Positive Regulatory Developments Offer Good News for Insurance-Heavy Industries

Positive Regulatory Developments Offer Good News for Insurance-Heavy Industries Stronger Consumer Protections Are on the Horizon The National Association of Insurance Commissioners (NAIC) recently unveiled its 2025 regulatory roadmap. This plan focuses on consumer protection, industry transparency, and state-based regulation. For industries that rely heavily on insurance—such as trucking, non-emergency medical transport (NEMT), contractors, and…

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Surety Bonds: What They Are and Why They’re Important

Surety Bonds: What They Are and Why They’re Important A surety bond is a legally binding agreement that involves three key parties: the principal, the obligee, and the surety. The principal is the business or individual purchasing the bond and committing to fulfilling an obligation. The obligee is the party requiring the bond, often a…

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Business Insurance: Pandemic-Related Coverage and California Business Interruption During COVID-19

Saberlines Insurance Services

BUSINESS INSURANCE: California Business Interruption/Loss Of Income Insurance During COVID-19 Business Interruption Plans and Pandemic Exclusions Normal business interruption plans do not cover losses from contagious diseases like COVID-19 or pandemics. These plans were not designed to address pandemic-related coverage, according to a report sent by major insurance organizations to California’s congressional delegation on Thursday.…

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Coronavirus Impact: Trucking Declines as Diesel Prices Fall 3.1 Cents – Transportation & Livery

Saberlines Insurance Services

China And Coronavirus Hurts Trucking, Decreases Cost Of Diesel In US Diesel Prices Drop Amid Coronavirus Impact on the Economy The coronavirus pandemic has had a significant impact on various industries worldwide, including the trucking industry. According to the Energy Department’s report released on March 2, the average U.S. diesel retail price fell by 3.1…

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Livery Insurance 101: Ride Sharing Platform Uber Wins Big Ruling In Brazilian High Labor Court

Saberlines Insurance Services

Livery Insurance – Ride Sharing Insurance- Drivers Status The Brazilian High Labor Court ruled Wednesday that no work arrangement exists between Uber and its Sao Paulo drivers. This is major news in the industry for livery insurance. Brasilia’s Federal judge ruled that Uber drivers are able to disconnect from the app at any time and hold a…

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Trucking Insurance – Livery Insurance: Insurance Premium Hikes Are Causing Big Disruptions In The Flow Of Trucking Business

Saberlines Insurance Services

Trucking Insurance – Livery Insurance: Premium Increase. Substantial trucking insurance costs impact the trucking company and create a financial burden for businesses already facing the downturn in freight demand. Since losses payout of $10 m or more for Insurers, brokers warn that liability policy costs have increased and will continue to increase.Last year, trucking companies reported double-digit…

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Truck Drivers – New DOT Drug Screening Impositions Making Their Way Into Trucking

Saberlines Insurance Services

Truck Drivers Drug Screening: In WASHINGTON, DC, truck drivers will soon face oral fluid monitoring for illegal substances under a new U.S. regulation. Health, and Human Services Agency the Department of Health and Human Services. Oral Fluid Specimens in Federal Drug Testing   New U.S. rule mandates oral fluid drug tests for truck drivers, with…

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