AP Blog

By Jason Wissmiller, 09/28/2020
Following the September 11, 2001 terrorist attacks, most insurers who had been offering coverage for War Risk exposures (which typically includes terrorism) quickly canceled those endorsements, per the coverage cancellation terms noted on the endorsements. The market for terrorism related coverage dried up almost...
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By Brian Lindahl, 09/24/2020
As senior living providers prepare for approaching renewal periods, we wanted to provide an update on our view of the changing marketplace. This will aid you and your team in determining your risk tolerance appetite and preparing your budgets for potential increased costs and decreased coverage. Unfortunately,...
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By Jim Stevenson, 09/23/2020
Does employment status really matter? The Internal Revenue Service says “yes” but the Service Contract Act says “no” when the Department of Labor enforces The Act. The Internal Revenue Service says employee status is important because it determines if the federal service contractor must...
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By Gina Ekstam, 09/22/2020
Proactive loss control is an effective approach to helping agribusinesses reduce risk, improve product quality, increase production, and boost employee morale and retention. Loss control requires top-down commitment, from management to safety directors to employees. To be successful, there needs to be a culture...
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By John Tankersley, 09/21/2020
When it comes to insuring your manufactured / mobile home, the rules are different than a standard homeowner’s policy. Most people think when it comes to insuring one’s home that it’s all pretty much the same – call your local agent, give your address and some basic information about the...
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By Nathanael Alexander, Esq., 09/17/2020
Updating a previous article, as of Friday, September 11, 2020 the U.S. Department of Labor (DOL) has indeed decided to move forward with issuing revised regulations under the Families First Coronavirus Response Act (FFCRA) after a New York federal district court struck down several of the previous provisions of...
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By David Stein, 09/16/2020
The current economic climate is forcing producers and service contractors to take a hard look at insurance costs. Usually, the first (and easiest) step is to engage their broker to market the insurance program with alternate carriers. Competition will either drive down costs or validate the current placement....
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By Brian Lindahl, 09/15/2020
As an insurance and risk management partner to hundreds of assisted living communities across the country, we would like to extend an extra special “Thank You” to our assisted living clients for providing essential care and services to those in need. In appreciation of all that you and your team...
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By Rocky Roemer, 09/14/2020
Commercial automobile insurance as a segment of the insurance industry has been consistently unprofitable for around a decade. It’s a triple-whammy: Increasing frequency - due in part to distracted driving Higher loss costs (driven up by increased prices and complexity of the vehicles themselves) ...
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By Nathanael Alexander, Esq., 09/10/2020
As annual open enrollment time swiftly approaches, we wanted to take some time to note some of the COBRA considerations to be aware in the midst of the COVID-19 pandemic, particularly as it pertains to changing carriers/vendors during this turbulent time. The federal government issued guidance regarding COBRA...
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Preparing for the Trucking Industry’s Road to Success
07/28/2020

Trucking’s role in keeping goods, materials and the economy rolling during the global pandemic has been nothing short of phenomenal and will certainly play a role in re-establishing “normal” supply lines depleted by hoarding households and profiteering resellers.  Hopefully, everyone in the trucking industry will soon be putting these challenging times in the rear-view mirror and some of America’s most essential workers will soon be able to finally take a break.

Unfortunately, the damage is still being assessed and the carnage it’s causing in the industry is not likely to abate soon. According to Ron Sterk, in Food Business News, for all modes, logistics has been at the center of disruption.  Sterk explains that sharply reduced tonnage and redirection of shipping routes were just two of the most prominent ways transportation was disrupted while moving essential food and other items during the pandemic’s peak.  Supply chain gears began to grind as lockdowns took hold in April. Ocean freight and rail shipments tumbled during the pandemic, notes Sterk, while truck tonnage initially surged and then plummeted.

Preparing for the Next Crisis

Are fleets and operators ready for the next crisis? Supply & Demand Chain Executive’s Marco Encinas encourages operators to evaluate preparedness and ready themselves to meet the next crisis to come down the road, viral or otherwise.  With so many depending on trucking and freight transportation, Encinas recommends fleet managers get “extremely organized” to handle current and future industry needs and work diligently to foster closer communications and promote safety with drivers and customers.

  • Communication
    • The essential connectivity and data of telematics must be leveraged even more. Encinas says that being able to stay in constant communication with drivers—as well as knowing their locations at all times—allows fleet managers to make better, more informed decisions for all stakeholders.
  • Documentation
    • While logs are no longer mandatory to be kept, Encinas finds continuing to make notes and annotate the daily log (and noting non-compliance or similar excursions) is a good practice. Encinas also points out to facilitate the planning of loads and tasks, it is a good idea to integrate a route planner or add-on the service if it isn’t already included by the fleet owner’s telematics provider.  In addition to the driver, accountability must include operations. 
  • Maintenance
    • Drivers are putting in the extra miles and so are their rigs. Encinas warns that just because there is a global crisis, it’s no time to stop regular truck maintenance.  In fact, maintenance should be stepped up and tracked more closely.
  • Driver Safety
    • Encinas, like most all in the industry, notes driver safety should be the top priority and a focus operationally on all fronts. This is not only a best practice to sustain business but overall reduces risk and supports business preparedness for the next crisis. It is a balancing act – to balance the need to be safe with the demands of operations.

Although the above list isn’t comprehensive, following those guidelines will help motor carriers be prepared for the next negative event.  If a motor carrier utilizes solid safety and maintenance practices, leading to reduced accident costs and improved DOT compliance scores, those best practices will help them achieve long-term low cost when it comes time to renewal their insurance and risk management program.

AssuredPartners Transportation has consultative professionals who assist in delivering best practices to your operations. To learn more, visit AssuredPartners Transportation or contact our team of specialists.

Source: Supply & Demand Change Executive