Tag: commercial auto insurance

The Business of Big Rigs: Why Progressive Bets on Commercial Auto

Angela Linders
Progressive Insurance's launch of Cargo Plus

Progressive’s Cargo Plus Endorsement Expands Protections for For-Hire Truckers When it comes to trucking insurance, staying ahead of the curve means listening to the needs of drivers on the road. Progressive Insurance is doing just that with the launch of Cargo Plus, a new endorsement designed to provide stronger, more comprehensive coverage for for-hire truckers. Now available in 42 states, this addition is already making waves in the trucking community. What Is Cargo Plus, and How Can It Help Truckers? For truckers, disruptions like wetness, corrosion, or temperature swings can…

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What Auto Insurance Coverage Do You Need for Your Small Business?

Guest Author

If you are a small business owner and you use vehicles for company purposes, then you need car insurance coverage for company cars. For companies that own cars, vans, or trucks, protecting these vehicles needs to be a priority because accidents can happen when you least expect them. Business car insurance will provide coverage for legal expenses, medical costs, and any property damage incurred.  Should one of your company vehicles be involved in an accident, and you do not have business car insurance, you and your company may face any…

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7 Important Things Delivery Drivers Should Know About Insurance

Guest Author

In the last few months, online delivery businesses have taken off in a major way. The Coronavirus pandemic has unleashed the Ecommerce beast in almost all industry niches. If data is to be believed, Americans spent more than $11 billion in Pizza deliveries alone in 202-2021.  With groceries, medicines, food items, take outs, pets supplies and other essential and non-essentials getting delivered online, the same has fueled growing and profitable delivery businesses. This means vehicles and drivers that are doing last mile deliveries and delivering to the doorsteps of the…

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How a Business’s Insurance Can Cover a Personal Injury Lawsuit

Guest Author
business insurance what you need to know and how to

When you start a business, you’re probably very excited about it. Maybe you’ve had this idea for years, and you’re only now beginning to get it off the ground. Your family is behind you, encouraging you. You’ll need to do things like secure a bank or credit union loan, or find investors. You’ll need to hire employees and set up your supply chain. You may need to hire social media managers, marketing managers, etc. You’re hoping the business succeeds, but there’s one area you should never neglect as you’re getting…

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Life coach insurance protects experts and the advice they give

Marc
Life coach insurance - business

This coverage is vital to protect against malpractice lawsuits that could come from dissatisfied clients. When checking all the boxes for a well run business, life coach insurance can be easy to overlook, but is one of the most vital steps to remember. This coverage can mean the difference between a highly successful small business or a complete financial catastrophe. When you have a great relationship with your clients, it can be difficult to imagine they might sue you. A lawsuit can seem to come out of nowhere, and it…

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Food truck insurance now available in Utah

Julie Campbell
food truck insurance

Farmers Insurance has launched this new coverage within the state, providing a first for that company. Farmers Insurance has announced the launch of a new food truck insurance coverage. This will provide protection to that type of vehicle and will be available in Utah. It marks the first time the company has stepped into the mobile restaurant coverage business. The food truck marketplace is growing rapidly larger, presenting a considerable opportunity for insurance companies. By way of the new food truck insurance offering, Farmers has started to sell to licensed…

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Commercial auto insurance is continuing its slumping trend

G. Turner
commercial auto insurance business

According to Fitch Ratings, this sector has been a “chronically underperforming product segment.” Fitch Ratings has revealed that the commercial auto insurance market as a whole had not only experienced an underwriting loss last year, but also that this was the fifth year in a row in which that happened. Fitch also said that the P&C market was in its third consecutive year of considerable underwriting profits. The American commercial auto insurance market has become a “chronically underperforming product segment” for insurers, said Fitch. These underwriting losses have even been…

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