Commercial Risk Advisor

Tennessee workers' compensation rates are decreasing.

Tennessee Workers’ Comp Rates are Declining in 2023

If you are a business owner in Tennessee, we have some good news. The TN Department of Commerce and Insurance recently announced that Tennessee workers’ compensation rates in 2023 will decrease for most businesses. How Much Will Your Rates Decrease? In mid-December 2022, The TDCI approved a 10.2% loss cost decrease for workers’ compensation insurance. […]

Tennessee Workers’ Comp Rates are Declining in 2023 Read More »

Insurance lessons from a murder investigation - Spectrum

4 Insurance Lessons From a Murder Lawsuit

Warning: this blog involves a sensitive issue that may upset some readers. In 2021, a former Spectrum cable technician was sentenced for life in prison for the tragic robbery and murder of an 83-year-old woman. The off-the-clock perpetrator gained entry into the woman’s home by pretending to be responding to a service call. In the

4 Insurance Lessons From a Murder Lawsuit Read More »

Limit supply chain exposure

Limit Your Business’s Supply Chain Exposure

In recent years, we have seen significant supply chain disruptions due to labor shortages, COVID-19 shutdowns, and production issues. Supply chain disruptions can cause significant issues for any business or manufacturer. This month’s commercial risk advisor newsletter discusses steps you can take to limit supply chain exposure. View the Newsletter To learn more about our

Limit Your Business’s Supply Chain Exposure Read More »

Truck drivers are no longer required to annually report traffic violations to their employers

Truck Drivers No Longer to Report Traffic Violations

On March 9, 2022, the Federal Motor Carrier Safety Administration (FMCSA) amended its Record of Violations Rule. As a result, drivers operating commercial motor vehicles in interstate commerce no longer need to prepare and submit a list of their convictions for traffic violations to their employers annually. The rule goes into effect May 9, 2022.

Truck Drivers No Longer to Report Traffic Violations Read More »

Why Your Flood Insurance Rates May Increase

The new Risk Rating 2.0 system from the U.S. Federal Emergency Management Agency (FEMA) will raise rates for 77% of policyholders, according to a new study from QuoteWizard. FEMA sells almost all of the nation’s flood insurance coverage through its National Flood Insurance Program and requires businesses that own property in high-risk flood areas to

Why Your Flood Insurance Rates May Increase Read More »

How Complete is Your Business Contingency Plan?

A business contingency plan enables businesses to stay functional in adverse conditions, such as major technical issues, natural disasters, or other unexpected occurrences. These plans are often thought of as emergency action plans or disaster recovery plans, but business contingency plans go well beyond natural disasters. A well-constructed plan can mean the difference between staying

How Complete is Your Business Contingency Plan? Read More »

The Impact of Telematics on Commercial Auto Insurance

Telematics is reshaping the auto insurance industry, which is now starting to use driving behavior instead of demographics to calculate auto insurance premiums. Telematics is a form of vehicle software that combines the features of telecommunications and informatics. This software connects to telematics devices installed in vehicles, including GPS technology, sensors, mobile applications, dashcams and

The Impact of Telematics on Commercial Auto Insurance Read More »

Workplace Health and Safety Investigations

In September’s Commercial Risk Advisor, you will learn about conducting workplace health and safety incident investigations, and how to manage your post-coronavirus reputation. If you have any questions about business insurance, please give us a call at (423) 292-4142! We will work to make sure you and your business are protected. Also check out the

Workplace Health and Safety Investigations Read More »