As a transportation industry insurance professional, I’ve seen the last mile delivery segment experience drastic growth and change in the last decade, and 2024 is no exception. According to a survey of 300+ global last mile leaders, the last-mile landscape is undergoing a transition from a customer satisfaction-centric approach to a performance-oriented approach. On-time delivery…
How to Save Money on Truck Insurance
Recently, our Chief Underwriting Officer, Terri Moran was interviewed by The Inside Lane for an article about truck insurance for fleets. Here’s an excerpt from “How to Save Money on Truck Insurance”: Premiums for commercial trucks run from $5,000 up to $40,000 a year, with most vehicles landing in the $15,000 to $20,000 range, said Terri Moran, chief…
Last Mile Delivery FAQ of the Month
The BizCHOICE Team recently received this question from one of our 3PL contractor driver customers. Question: “What other types of work can I do under my insurance policy? Can I get coverage for load board work?” Answer: Thanks for this question! We love to support our customers who are diversifying their operations to include additional services to…
5 Insurance Coverages to Ensure Compliance with Carrier Contracts
If you’re a transportation provider performing white-glove delivery services of heavy bulk goods, then you require more insurance coverage than a basic Commercial Auto Liability policy. Not only are you transporting cargo to the consumer, but in many cases, you may be entering residential homes and providing installation of and assembly services for the purchased…
Are You Ready for Winter Weather on the Roads?
With winter weather already starting in some of our mountain states, it’s a good time to establish a Winter Preparedness Plan to review safety tips and recommended vehicle maintenance. Understanding what winter road conditions you could encounter is an important step in being prepared, as is making sure your vehicle is ready for winter extremes….
Loss Control Must-Knows: Rental Truck Damage
Nothing Parties Like a Rental! Loss control is a critical component of managing your insurance costs and running a successful business, especially in the transportation industry. With the total dollar amount of incurred losses for physical damage and the combined liability lines of business continuing to increase year-over-year, loss control becomes even more important. If…