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…
Negligent Entrustment: Never Worth the Risk
In fleet management, “negligent entrustment” means allowing a vehicle to be driven by someone who is deemed unfit to operate it, putting others at risk. When you allow an employee to drive a company vehicle, whether you have knowledge that they are unqualified or incompetent to drive safely or have not confirmed their driver qualifications through…
Dividend Programs: Driving Down Costs and Driving Safety in Moving & Storage Operations
by Terri Moran If you are a moving and storage operation looking for ways to help control your workers’ compensation costs, you should consider dividend programs. Not only can this be an effective strategy to curb workers’ comp expenses, but it also carries the added benefit of promoting a safer, more efficient workplace. How do…
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,…
Safety Incentive Programs
It’s the middle of the year and it’s an excellent time to start outlining a safety incentive program for your employees for the upcoming 2023 new year. A good program can reduce insurance costs, raise employee awareness, and build company morale. Many insurance companies will offer schedule credits to companies that have team safety incentive…
Can you Call Yourself a Defensive Driver?
The largest liability facing the moving and storage industry is obviously motor vehicle accidents. When larger commercial vehicles are involved in accidents, the bodily injury and damage to personal property is three to four times more severe than accidents that involve private passenger vehicles. A company that takes the time to hire safe drivers and…