Commercial Auto

Electric vehicles (EVs) are one way commercial auto operators can reduce operational costs. But EV adoption also introduces new exposures, including cyber vulnerabilities, battery fire hazards and higher repair costs.

As commercial auto insurance challenges persist, the industry is increasingly leveraging telematics and supporting proposals to address third-party litigation funding.

An insured is listed as a covered individual on the drive other car endorsement of a business auto policy. He rented a vehicle personally and was involved in an accident. The carrier is denying the claim.

By helping trucking clients understand the risks and insurance solutions available to protect their cargo, agents can provide valuable support across the supply chain.

Nine in 10 drivers are seeing more aggressive, reckless and distracted driving. The good news is independent agents are uniquely positioned to influence driving behavior with both clients and lawmakers.

In a market with such high selectivity, it falls on the prospective insured to show why it would be a good risk. Independent insurance agencies can help insureds implement approaches that demonstrate insurability and manage costs.  

While factors like increased repair expenses, more frequent claims and stricter regulatory requirements are responsible for over a decade of premium increases, insurance remains a large cost of doing business.