For moving and storage operations relying on a fleet of vehicles, commercial auto insurance can be a significant expense. So, it’s crucial to understand the factors that are within your control and influence your premium. Chiefly, speeding violations can have a surprisingly powerful and negative impact on the underwriting of your policy and, ultimately, your…
Movers: Why CAB Reports are a Critical Tool in Keeping your Commercial Auto Premiums under Control
It’s certainly not new news that Commercial Auto Insurance Premiums continue to rise, but it’s worth a closer look at the factors behind the increases and what steps movers can take to mitigate potential increases. Why are Premiums Increasing? The short answer: The average claim payment in commercial auto has increased significantly over the past…
Ask an Underwriter: Warehouse Receipts and Legal Liability Q&A
As an insurance underwriter for the moving and storage industry, I get asked a lot of questions about warehouse receipts, so I thought it would be worthwhile to dive into the details of this legally binding contract between the mover and their storage customer. Q: What does our moving and storage insurance policy cover? A:…
5 Policy Renewal Prep Tips to Control Your Insurance Premiums: What you Don’t Know Could Hurt Your Wallet
So, your insurance policy for your moving and storage operation is up for renewal. What can you expect? Unfortunately, you can count on commercial auto insurance premiums to go up. Why? The simple answer is that the average claim payment in commercial auto liability increased by 39% between 2019 and 2023. This spike is due…
Celebrating Women in Trucking: 100 Years in the Driver’s Seat
In recognition of Women’s History Month, I thought it would be appropriate to celebrate the history and accomplishments of women in the trucking industry, including the many successful, woman-led moving and storage companies insured with our MOVER’S CHOICE program. Women Take the Wheel During World War I, women found themselves in the driver’s seat,…
Movers, do you Need to Purchase Bonds?
In my 18 years of writing bonds, I have found that many moving and storage customers do not realize they need a bond until the last minute, which can put them in a difficult situation. Recently, I had such a situation with a customer who needed a military bond immediately, and the window that DPS…