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 specifics of your policy. Commercial vs. Personal Use Commercial…
Read MoreAmazon Relay: A Game-Changer for Truck Drivers
Amazon Relay is revolutionizing the trucking industry by offering carriers a streamlined platform to find and manage freight. Whether you’re an owner-operator or manage a fleet, Relay provides tools to enhance efficiency and profitability. Relay (US)+1Relay (US)+1 What Is Amazon Relay? Amazon Relay connects trucking businesses with freight opportunities through a user-friendly load board and…
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 MoreCalifornia’s Rebuilding Boom: A Golden Opportunity for Contractors
The recent wildfires in Los Angeles County have devastated over 12,000 structures, causing an estimated $250–$275 billion in damages. (businessinsider.com) This unprecedented destruction has created a surge in demand for construction services across the state. Contractors now face a unique opportunity to expand their businesses and strengthen their long-term stability. Increased Demand for Skilled Labor…
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 MoreTrucking Insurance in San Bernardino and Riverside: Navigating Growth and Compliance
The Inland Empire, encompassing Riverside and San Bernardino counties, is experiencing significant economic expansion. Projections indicate the region’s population will grow by over 20% in the next 25 years, adding residents equivalent to the current populations of Riverside, Moreno Valley, Fontana, and San Bernardino combined. This growth positions the Inland Empire as a central hub…
Read More2025 Contractor Industry Growth Projections: What to Expect and Why It Matters
The contractor industry continues to grow steadily in 2025. Strong demand, new technology, and government funding drive expansion. Construction Jobs and Wages Are Rising Construction employment increased by 2.4% over the past year, according to the Associated General Contractors of America. Nonresidential construction grew faster than residential, rising 3.0% versus 1.5%, respectively. Wages also increased…
Read MorePositive 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 small businesses—this news is encouraging for policy holders. Clearer…
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