Commercial Risk Advisor

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 »