“April showers bring May flowers”… and the growing risk for mold. With wet, spring weather comes the potential for floods and high humidity, and mold. Mold: What is it? Mold is a fungus that grows in warm and damp locations. It feeds on organic material, so when it grows, on any surface (especially fabric, wood…
Rooftop Leasing for Solar: Extra Income or Added Risk?
Commercial rooftop solar – opportunity for Moving & Storage companies to save on energy costs As the demand for clean and renewable energy increases, rooftop solar generation in the U.S. has seen a 10x increase in the last decade. Commercial solar – on the sites of businesses, warehouses and distribution centers – currently lags far…
NJ Insurance Liability Law – Impacts for Movers
NJ Insurance Liability Law – Impacts for Movers The new legislation raising the minimum amount of liability coverage to $1.5 million for commercial motor vehicles weighing more than 26,000 pounds, will have short- and long-term impacts for New Jersey movers, insurers and consumers. In addition, it is unclear how this law impacts vehicles owned and…
5 Coverages for Moving Companies Considering a National Van Line Affiliation
by Terri Moran I was speaking with my contact at a national van liner the other day, and she mentioned that they often run into problems with insurance coverage when they are recruiting and signing up independent moving companies. If movers have not been affiliated previously with a van line, they may not have carried…
Does Your Coverage Include Protection Against Rising Truck Rental Costs?
Loss control is a critical component of managing your insurance cost and running a successfully business, especially in the transportation industry. The total dollar amount of incurred losses for physical damage and the combined liability lines of business have continued to increase dramatically since COVID. What does that mean? The cost of truck repair…
The Intersection of AI & Fleet Management: Improving Claims Outcomes at Lightning Speed
That was fast! AI hasn’t wasted any time in transforming the fleet management industry. Not only is it more efficient and streamlined, AI is revolutionizing fleet safety with enhanced risk identification, monitoring, and mitigation in the transportation industry. AI-powered telematics can automatically detect, record, and alert fleet managers to unsafe driving behaviors including excessive speed,…