workers’ compensation, general liability, management liability, and excess,” says Gary McLean, president ofJamerson-McLean Corp. “They must also review their exposures in these areas annually and update their policies so they are insured to value in the event of an incident.” ...
Having insured property declared a constructive total loss is not always in the best interests of the insured parties, especially if they have failed to obtain coverage that is adequate to cover all contingencies. Consider Derrick, who owns two new flatbed trailers, trailers A and B, which cost...
Although our boats are enough to take us everywhere on the water surface, there are still certain occasions we need to transport them to other places, such as garages or basements for winterizing or the maintenance process. While some small vessels can be delivered easily by the owners, other...
Semi-truck trailers are pretty much self-explanatory -- they connect to the rear section of a semitruck. Another basic trailer feature is a wiring system. The simplest of these provide power to brake lights, side lights and turn signal lights. More advanced versions also include functions like...
Trucking is risky, so you’ll need to ensure that your drivers are insured correctly. First, check with your insurance company to see what their requirements are. You’ll also need to make sure that your drivers know the insurance requirements. They should know how much coverage they need an...
Cover your cargo with freight shipping insurance.While it’s a common misconception that shipments are automatically insured by the carrier through their limits of liability, carrier liability may not actually protect the full value of stolen shipments. That’s why we recommend opting for ...
The major difference is that vehicles are protected inside of a closed trailer, shielding them from the elements and debris. While this method does provide extra protection to your vehicles, it does cost more. Advantages: Extra protection for your vehicle Trailers can be shared to cut down on ...
Step 7: Get insured It is smart to sit down with your insurance provider each year to discuss the insurance needs of your business. Often, insurance companies will develop new packages that are beneficial to those who own a business in the transportation sector. ...
Deductibles and liability limits will vary depending upon the policy and the company offering it. You can buy additional coverage for trailers and accessories and, if you own more than one craft, you may be able tobundleyour insurance policies for a discount. These pleasure vehicles are easy to...
This requirement, however, does not apply to dealers selling mobile homes and trailers. Your insurance should not expire after December 31st in the year you first obtained it. 5. Take a Dealer Training Course If you are applying for a used car dealer license for the first time, you must ...