The construction industry is booming – both new construction and remodeling - and it looks as if that trend will continue. Construction has a 4.5% projected growth rate over the next five years.

In fact, construction is expected to be one of the fastest growing industries into 2020, according to the Bureau of Labor Statistics. Real output in the construction industry is expected to reach $1.2 trillion by 2020.

This is excellent news if you’re in the business of building or remodeling houses. It translates into big opportunities for builders. Unfortunately, it can also bring higher risk, making now the perfect time to let the experienced independent agents at American Insuring Group review your Builders Risk Insurance to make sure you have the right coverage to adequately protect your business.

 

What is Builders Risk Insurance?

Builders Risk Insurance is a type of property insurance unique to the construction industry. It covers structures or building materials during construction. It provides coverage for damage from events such as fire, wind, theft, hail, explosion, lightning, and vandalism. Builders Risk Insurance is typically written for three, six, or twelve month periods, and can be extended (although usually only once) if the project takes longer than anticipated.

This insurance pays for damages up to the coverage limit, which should be based on the total completed value of the structure including not only materials but also labor costs. The best way to determine that value is to look at the construction budget.

Standard Exclusions

Standard exclusions on builders risk insurance include earthquake, employee theft, water damage, weather damage to property in the open, war, government action, contract penalties, voluntary parting, and mechanical breakdown. Another typical exclusion results from faulty design, planning, workmanship, and materials, which can be covered by Professional Liability Insurance.

Here are a few more things that you should know about Builders Risk Insurance:

• It doesn’t cover the property of others
• Subcontractors must have their own insurance
• Tools and equipment are not included
• Accidents on the job site are not covered
• Once the building is completed or occupied, the coverage usually ends
• It doesn’t cover professional liability

Does the Booming Industry Mean Higher Builders Risk Insurance Premiums?

Historically, Builders Risk Insurance has been safe from dramatic increases. Increases tend to be small and incremental. And experts don’t foresee that changing even with the increase in construction projects. However, 2017 was the costliest year ever for weather and climate disasters in the U.S. totaling $306 billion. The U.S. was hit by 16 weather events that caused more than a billion dollars in damage. Previously, 2005 held the record at $215 billion.

Most experts agree that the cost of this damage will only slightly increase builders risk insurance premiums particularly with frame construction and construction in areas that are prone to catastrophes.

How to make Builders Risk Insurance Work for you in this lucrative market

• Cover Your Entire Project - Many builders purchase builders risk insurance because their lending institution requires it, so they only cover the bare minimum: labor and materials. These are the parts of the project the banks have an interest in, but you need to protect your interests as well, which include overhead and profit.
  
  
• Spell it out with a detailed contract – Make it very clear in the contract who (contractor, owner, designer) is responsible for what if something goes wrong. The American Institute of Architects offers comprehensive contract templates.
  
  
• Don’t be Naïve – Whether your company is big or small, you do face risk, and if you don’t have a lot of cash flow even a small amount of damage can be catastrophic.
  
  
• Hire good subcontractors – Verify that all of your subcontractors have certificates of insurance with adequate limits. You may also want to secure a waiver of subrogation and list subcontractors as additional insured for both operations and completed operations for the project. This way, if there is a lawsuit, the subcontractor’s insurance will defend the contractor.

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Contact Us to Review Your Business Insurance Policies 

Now – while business is booming – is the perfect time to review your business insurance policies!

The agents at American Insuring Group specialize in Contractors Insurance and finding ways to lower your risk while reducing your costs.

Give us a call at (800) 947-1270 or (610) 775-3848 or contact us online. We’ll be happy to review your policy to ensure that you have adequate coverage to protect your business.

Often when the topic of reducing workers compensation (WC) insurance costs comes up, pharmaceutical costs are the focus. That’s no surprise when you consider that the “total workers’ comp annual pharmacy spend is approximately $3.6 to $4.1 billion,” according to a CompPharma Survey.

Looking at pharmaceutical costs is a great place to start if you want to control WC spending without sacrificing the quality of medical care your injured workers are receiving.

 

Here are 5 Steps to Help You Save

 

#1. Educate yourself, providers, and patients about pharmaceutical options

For example:

• Lidocaine gel or cream - an anesthetic that is used to treat irritation, soreness, and itching from certain skin conditions - is about half the cost of Lidoderm – a lidocaine patch.
  
  

• The average cost of Evzio - a prescription medicine used for the treatment of an opioid emergency such as an overdose - is $3,380.69 higher than the combined price of Narcan, Naltrexone, and Naloxone (alternatives to Evzio), according to Express Scripts.
  
  
• Before approving an ADF (Abuse-Deterrent Formulations), which are not typically included in WC formularies, determine if the patient is at risk of abuse and if a more traditional (and often less expensive) opioid may be safe for them.

#2. Use generic instead of brand-name medication whenever possible

On average, the cost of a generic drug is 80 to 85 percent less than its brand name equivalent. According to the Federal Drug Administration (FDA), “FDA requires generic drugs to have the same active ingredient, strength, dosage form, and route of administration as the brand-name drug. The generic manufacturer must prove its drug is the same (bioequivalent) as the brand-name drug.” According to Express Scripts, prescribers often turn to brand-name medications out of “habit, lack of awareness of available alternatives, or patient requests.”

#3. Avoid physician-dispensed drugs

First, there is the concern that – due to incomplete drug histories and lack of safety checks – physician-dispensed drugs may not be safe for injured workers. Some states have rules in place for pricing and dispensing of physician-dispensed drugs, and, according to Express Scripts, “Physician-dispensed drugs cost $109.19 more than drugs dispensed by pharmacies.”

#4. Stay with in-network pharmacies

Prescriptions that are filled through third-party billers or out of network pharmacies are more expensive because they incur additional costs and do not add any value, according to Express Scripts

#5. Closely review prescriptions for specialty medications

The cost of specialty drugs is less than 1 percent of drugs used by injured workers, but accounted for 5.9% of total spending in 2016, according to Express Scripts.

Opioid Prescriptions: the Most Expensive and Most Utilized Class of Drugs in WC

Express Scripts reports that more than 50 percent of injured workers had an opioid prescription last year and 25 percent used opioids for 30 days or more in 2016. Opioids accounted for 26.6 percent of per-user-per-year (PUPY) spend and 24.3 percent of PUPY utilization among Express Scripts clients.

And it isn’t just the financial cost of opioids that make it a critical topic; it’s also the human cost of the opioid epidemic. The number of overdose deaths involving opioids (both prescription opioids and heroin) quadrupled since 1999, and today ninety-one Americans die every day from an opioid overdose, according to the Center for Disease Control and Prevention.

Some injured workers are taking a dangerous combination of opioids and other drugs. Opioids should be used based on evidence-based guidelines in acute phases of pain, not for chronic pain. It’s essential that injured workers understand the risks and benefits of opioids.

For more information on the opioid epidemic and the impact on insurance costs, see our infographic.

 

Approved Drugs for Workers Compensation Insurance

Several states have adopted legislation mandating a drug formulary - a list of prescription drugs created by a committee of physicians, nurse practitioners, and pharmacists used by practitioners to identify drugs that offer the greatest overall value – for workers’ compensation. In Pennsylvania, there is a bill in the House requiring drug formulary for WC as of this writing.

 

Call Us for More Information, and to Save on WC Insurance! 

A little bit of knowledge goes a long way to saving money on your WC Pharmacy spend without risking the health of your injured employees, and since American Insuring Group specializes in workers compensation insurance, we’re a fountain of knowledge.

Give us a call at (800) 947-1270 or (610) 775-3848, or contact us online. Pick our brains and let us show you how we can help you lower your workers comp insurance costs!

If you are one of the 12 million drivers registered to operate a CMV (Commercial Motor Vehicle) in the U.S., you play a big part in keeping our highways safe – even more so than drivers of passenger vehicles.

In 2015, large trucks traveled 279.8 billion miles in the U.S. 11.9% of fatal motor vehicle accidents involved at least one large truck or bus and 7.6% of nonfatal accidents included at least one large truck or bus. The rate for fatal work zone crashes is even higher - 30%.

Taking measures to drive more safely not only makes our roads safer for everyone, but it can also help you save on commercial vehicle insurance.

What Makes Trucks More Dangerous?

The sheer mass and size of a large truck increase the likelihood of more severe damage and injuries than a passenger vehicle. The legal weight limit for a truck is 80,000 pounds (about 40 tons) – without any oversize or overweight permits. The average automobile is about two tons, and a bicycle is .75 tons.

You don’t have to be a mathematician to figure out that a 40-ton eighteen wheeler crashing into a passenger vehicle is probably going to cause a lot more damage than two passenger vehicles crashing into each other. In fact, seven out of ten people killed in vehicle accidents involving large trucks are occupants of the passenger vehicle.

In addition to the impact of a truck’s size, large trucks can also create significantly stronger wind gusts that can push smaller cars around. Taller vehicles like CMVs have a higher center of gravity, which can cause them to roll over more easily. And the higher ground clearance of many commercial vehicles can push or pull smaller cars under them during an accident.

Large trucks also have operating limitations that result in substantial blind spots, less maneuverability, and increased stopping distances.

Blind Spots

Large trucks create huge blind spots for truck drivers that limit visibility that many car drivers aren’t aware of. One study found inadequate surveillance of the truck driver caused 14% of large truck accidents.

These blind spots are located in sections of the lanes on both sides of the truck. The right side is the most dangerous blind spot because it extends further back. Other blind spots include about 30 feet behind the truck – large trucks don’t have rear-view mirrors, so drivers need to rely on side mirrors - and about 20 feet in front of trucks.

It is true that 80% of accidents that involve a truck are caused by the driver of the passenger vehicle – not the truck driver. Practicing defensive driving is the best way to avoid accidents caused by other drivers. That means being vigilant about watching your surroundings. You can do this by keeping your distance, maintaining a safe speed, staying focused and alert, and keeping your eye on the road.

Limited Maneuverability

The size and length of trucks can make taking sharp turns more challenging. When turning right, watch for vehicles on both sides before making the turn to avoid the “right turn squeeze.” Take extra care when turning in tight spaces such as truck stops and work zones.

Work zones are particularly hazardous for truck drivers. There are often lane shifts or uneven road surfaces. You may need to make a quick stop, and you have to watch for moving workers, equipment, and confused car drivers.

So be even more vigilant in work zones. Slow down, leave extra space between you and the vehicle in front of you, look ahead for changing traffic patterns, be alert to vehicles entering your blind spots, watch for road workers and flag crews, and obey all work zone signs and signals.

Increased Stopping Distance

A truck needs more stopping time than a passenger vehicle especially when it’s carrying a heavy load and when road conditions are slick with snow, ice, or rain. A fully loaded truck traveling at highway speeds needs a distance of almost two football fields to stop – and that’s when the roads are in good condition.

Being aware of the blind spots, limited maneuverability, and increased stopping distances large trucks cause is the first step to safer driving and to protecting your employees and your business. The right commercial truck insurance adds another layer of essential protection.

 

Need Truck Insurance You Can Afford? Contact Us Today 

Give the experienced agents at American Insuring Group at (800) 947-1270 or (610) 775-3848 a call, or contact us online. As insurance brokers, they can compare the prices of several insurance companies to ensure that you’re getting the best protection at the best rate. For more information on truck insurance, click below.

CLICK TO SAVE ON TRUCK INSURANCE

 

It’s your responsibility as an employer, to pay close attention to your workers compensation insurance claims. The majority will be legitimate claims that your employees are entitled to. But even one fraudulent claim can adversely impact your bottom line.

There are important red flags you can watch for to identify possible workers compensation fraud. Here are ten red flags. Seeing just one red flag probably isn’t cause for alarm, but if you see multiple red flags on one workers’ compensation claim, it’s a good idea to bring it to your adjuster’s attention.

Ten Workers Compensation Fraud Red Flags

#1. Questionable Incident Description

An injured employee should be able to describe the incident – what happened, how, and when - with a fair amount of detail and clarity. The details should be consistent and not change as you ask questions or when the employee describes the incident to someone else (doctor, adjuster, employer). If there’s more than one medical report, the details of the event should be the same, and the nature of the injury should be consistent with the type of work the employee performs.

#2. Lack of Witness Corroboration

If the employee usually works around others, there should be a witness, and the witness account of the accident should match the employee’s description of the accident. If the witnesses are all close friends of the employee making a claim or if the employee’s co-workers express uncertainty that the accident occurred, it may be a red flag.

#3. Delayed Reporting

Injured employees usually report their injury immediately – not days or even weeks later.

#4. Disgruntled Employee

Is the employee unhappy with his job or employer? When a workers’ compensation insurance claim is made, check if the employee was recently demoted or passed over for a promotion, if his evaluations are less than stellar and he’s in danger of termination, or if he is scheduled to be laid off. An incident immediately before a strike, plant closing, or end of seasonal employment may be a red flag.

#5. Early Morning Claims

If the employee reports an incident that occurred over the weekend or very early in the morning before the supervisor and other employees have arrived, it could be a red flag.

#6. Inability to reach the injured employee

The employee should provide his address – not a PO Box and not a friend’s address – and you should be able to contact the injured employee. If you find they aren’t home during regular working hours or if you’re always told he’s sleeping or can’t be disturbed, it could be a red flag.

#7. Shaky Finances

If an employee is having financial issues, he may see a workers’ compensation claim as a way out. Find out if the employee has financial problems, is nearing retirement, is in the middle of a divorce, or if they took a lot of time off just before the injury. Check if the spouse is working or receiving any of these payments: workers’ comp benefits, disability, welfare, or unemployment. If the employee asks about a settlement early into the process or applies for social security benefits before the incident occurred, that could be a red flag.

#8. Medical Care

Watch out for subjective injuries - such as soft-tissue and emotional - or injuries that seem to move from one body part to another; frequent changes in physicians or inconsistencies between employee and physicians’ reports; or missed doctors’ appointments or refusal of diagnostic testing. Carefully examine the medical reports to make sure there aren’t any whiteouts, and it doesn’t look like it’s been photocopied multiple times. Most employees don’t have extensive knowledge of the medical or insurance field. If he does, it may be a red flag.

#9. Inconsistent Physically Ability

An injured employee who is out of work on workers’ compensation should not be able to do similar activities to what he was doing at work. So look for evidence that he is performing those activities outside of work such as callused or grimy hands, medical reports that use adjectives like “muscular” or “tanned.”

#10. Over-eager

If the employee is pushy to settle the claim or has an attorney letter of representation dated the day of (or even before) the injury, it could be a red flag.

Final Advice: Don't Assume Insurance Fraud, But ... 

Don’t go into every workers compensation claim assuming there’s fraud. The majority of claims are legitimate. But at the same time, don’t be blind to the red flags that may indicate fraud. If you see multiple red flags, let your adjuster know. It may just help you save on your workers’ compensation costs.

 

Remember the Easy Way to Save on Workers Comp Insurance!

To learn more about workers compensation insurance, call the American Insuring at (800) 947-1270 or (610) 775-3848, or contact us online.

And remember, the easiest way to save on workers comp insurance is to buy it from an independent agent like those at American Insuring Group! We shop competing insurance providers, matching their policies to your needs, and identifying the best value for your particular situation. Get the right coverage at a great price. Call or click today to get started!

Have you ever arrived at one of your construction sites eager to start the day only to find that a piece of heavy equipment is missing, and a $250,000 lump is forming in your throat?

Theft of building materials, tools, or heavy equipment can set a project back and cost you thousands of dollars, not to mention raising your commercial vehicle insurance rates.

But it isn’t just about the cost of replacing the stolen equipment; it’s also the associated costs of theft such as lost productivity, rental fees, project overrun penalties, and higher insurance premiums.

Construction Equipment Theft Trends 

Insurance Services Office, Inc. (ISO) reports indicate that theft accounts for more than fifty percent of heavy equipment loss and is increasing up to 20 percent each year. Experts estimate that losses (including associated costs) from construction site theft is $1 billion or more each year.

How To Protect Your Construction Site From Theft 

While those statistics are frightening, there are steps you can take to make your site less attractive to would-be thieves, to make it more difficult for them, and to help reduce theft on your job sites:

Develop and enforce a theft prevention policy
First, you need to assess the job site. Some safety measures apply to any job site, while others are more site-specific. For example, some job sites – such highway projects that move every day - are more difficult to secure than others. All of your managers, employees, and subcontractors should be aware of the consequences of theft and specifically your prevention policy.

Secure your job site 
For some job sites, fencing is your first line of defense. Ideally, fences should be made of a see-through material (so thieves are visible from the outside), at least eight feet high, with barbed wire or razor tape at the top. Since gates tend to be the most vulnerable part of fencing, have only one entrance whenever possible and use high-security padlock that uses a key rather than a combination, which is easily shared with thieves. Keep track of who is assigned a key and where those keys are at all times. Post “Warning: No Trespassing” signs along the perimeter of your worksite. Lighting – which is low-cost, flexible, and can be used with other security devices – around the perimeter directed at the job site is also a key deterrent.

Secure your equipment
Lock up all tools and building materials in storage boxes and cargo trailers with tamper-resistant locks and chains. Securing heavy equipment can be as simple as removing batteries or lowering blades and buckets. You can also add additional security measures such as locks that immobilize controls or keep the wheels from moving, alarms, and fuel and ignition cut-off switches.

Unlikely to Recover Stolen Equipment 

Even with all these measures, determined thieves sometimes find a way especially when you have no choice but to store your equipment in an unprotected and remote location. According to the International Risk Management Institute (IRMI), as little as 10 to 15 percent of equipment stolen from work sites is ever recovered. Again, that statistic is frightening, but there are steps you can take to improve the chances of recovering your property.

How to Improve Your Chances of Recovering Stolen Equipment

Keep detailed records of your equipment
Starting in 2000, equipment manufacturers began using a standard worldwide 17-digit product identification number (PIN) system. Engrave this number on all of your equipment so that police can easily identify it if it is recovered. Keep track of all equipment on the worksite including photos, make, model, and PINs.

Register your construction equipment
Register your equipment with a company like the National Equipment Register or the Heavy Equipment Registration to help law enforcement identify and recover your equipment.

Get Protected - Get the Right Insurance
The final theft protection available to you is the right insurance. Commercial general liability (CGL) insurance usually only covers your equipment in the event of damage, not theft. Builders risk insurance is designed to protect your equipment in the event of losses caused by theft and other perils that can occur, and inland marine insurance, also known as tools and equipment insurance, is designed to protect property in transit.

Contact Us for the Best Insurance to Protect Your Construction Equipment

American Insuring Group specializes in all types of commercial insurance and can help determine the best insurance to protect your equipment. Give us a call at (800)947-1270 or (610)775-3848 or contact us online.  Our independent agents are free to shop the insurance market of competing providers, matching up your needs with their policies to find the best fit at the right price. Don't delay, call today to get protected and start saving!

Doesn’t it seem like kids grow up too fast these days? It’s easy to forget that as mature and as smart as they may seem, teenagers still lack the experience an adult has. And if you own a restaurant, there’s an excellent chance that you employ a few teenagers, which could impact your restaurant workers comp insurance costs if your accident rate increases.  

48% of all working teenagers (ages 15-17) in the U.S. work in the “leisure and hospitality” industry, which includes restaurants and other food service jobs.

This group of employees is particularly vulnerable to workplace injuries. Each year more than 210,000 teens are injured on the job, 70,000 are hospitalized, and 70 are killed, according to the U.S. Department of Labor. The injury rate for workers under the age of 25 is about two times higher than for older workers, and based on emergency room data, 38% of teens who are injured on the job are working in the leisure and hospitality industry.

Restaurant Industry Insurance Risks

Every workplace has its share of hazards, and restaurants are certainly no exception. Some of the most common dangers in the food industry include slippery floors, hot cooking equipment, and sharp objects like knives and slicers. Often teens are injured because they don’t receive adequate safety training and supervision or they’re working with unsafe equipment, or stressful conditions.

Most workplace injuries are preventable, and many of the same safety measures you take with your more mature employees also apply to teenagers. Proper training and supervision should be your first priorities. 

Reduce Risk With These Teen Safety Meaures 

Here are some safety measures for teens from the Texas Department of Insurance:

• Train them on the importance of safety and on the manufacturer’s instructions for machine use and cleaning.
• Provide appropriate personal protective equipment and available machine guarding and enforce the use of that equipment.

When teens operate a microwave oven:

• Train them on microwave safety, such as 1) following manufacturer’s instructions, 2) covering foods to avoid splattering, 3) opening tightly covered containers away from their face, 4) preventing the use of metals, foil, or whole eggs in a microwave, and 5) keeping the interior clean to avoid splattering and popping.
• Place the microwave at approximately waist level and within easy reach.
• Provide appropriate personal protective equipment such as hot pads.
• Make sure door seals are in excellent condition and free from food or grease buildup.

When teens use steamers/pressure cookers:

• Train them to shut off the steam supply and wait for the pressure to equalize before opening the lid of the pressure cooker and to stand to the side and open the pressure cooker away from themselves, keeping the open lid between them and the pressure cooker.

When teens use coffee makers:

• Train them to check to make sure the coffee filter is in place before making coffee and that the coffee has stopped dripping before removing the filter.
• Place hot coffee makers away from the edge of counters.

 

Comply With Child Labor Regulations

Also, you should be aware of child labor rules and regulations set by the Department of Labor and your state. There are restrictions on the hours a teen can work and restrictions that prohibit teens from using or cleaning specific equipment. Once you know the rules and regulations that apply to teens, take steps to implement safe work practices, such as labeling the equipment that teenagers are not permitted to use.

It’s your responsibility to provide a safe work environment for all of your employees, particularly teens who are more vulnerable to workplace injuries, and avoiding workplace injuries can increase production, improve employee morale, and lower insurance premiums.

Protect Your Business - Contact American Insuring Group

To learn more about saving on workers compensation insurance, restaurant insurance, or any type of coverage for your business, contact American Insuring Group online or call us at (800) 947-1270 or (610) 775-3848. Our independent insurance agents are sure to find you the right insurance at the best price. Don't take chances with your business - contact us today.

 

Contractors, how confident are you in your contractor insurance coverage? Did you know that there might be a potentially costly gap in your Commercial General Liability Insurance policy (CGL) that you may not be aware of?

CGL is a standard insurance policy that protects you against liability claims for bodily injury and property damage related to your business activities.

It helps cover legal costs such as court costs, attorney fees, and police report costs in the event of a lawsuit filed by an employee, contractor, client, vendor, etc. and judgments or settlements that result in the lawsuit.

Many banks and clients require this coverage, which makes CGL one of a contractor’s best friends.

Errors in Judgment are Usually NOT Covered by CGL Insurance

But with progressively more complicated projects and blurred lines between professional services and construction duties and responsibilities, financial loss due to errors in judgment are increasing and are usually not covered by CGL. There is also an exclusion in most CGL policies - the “absolute pollution exclusion” - that can leave a gap in your coverage and expose your business to risk.

 

Pollution & Professional Insurance (CPPI) – 4 Key Coverages

Contractors pollution and professional insurance (Aka contractors protective professional indemnity coverage or CPPI) addresses most of the pollution and professional liability coverage gaps in a CGL with four key coverages.

#1) Professional liability coverage

On a traditional project, an architect or engineer provides the design services, and a contractor implements the design. However, as projects continue to increase in complexity, the line of responsibility between the design firm and contractor are becoming blurred, and contractors are taking on nontraditional risks that a CGL policy may not cover.

Professional liability coverage extends beyond the traditional understanding of “professional services” to include engineering work, design work, construction management operations, and construction process services such as shoring and dewatering. 

#2) Protective liability coverage

This extends coverage when you are held responsible for the actions or omissions of another person. Protective liability coverage provides excess coverage over the contracted design professional’s policy if its policy limits are insufficient, protects you if the design professional’s coverage is no longer available, and acts as a difference-in-condition coverage if the CPPI is broader than the underlying professional policy.

#3) Mitigation expense

It’s usually less expensive to fix a problem discovered during construction right away rather than wait until after the project is completed. This coverage – also called “mistake coverage” - allows you to fix a problem before it becomes a claim. 

#4) Pollution liability

With the increased focus on the environment and a growing list of pollution sources, contractors are more exposed to pollution and environmental losses than ever. Even if you aren’t engaged in pollution remediation, you probably work with and dispose of fuels, solvents, and other chemical wastes.

Most CGL policies offer limited coverage for bodily injury and property damage caused by pollutants, but the absolute pollution exclusion (and similar exclusions) included in most CGLs and auto policies leave contractors open to liability for damages such as the incidental transportation of waste or the development of contaminated sites. CPPI covers claims such as damage to soil, water, air, animal life, and plant life caused by a pollutant release; the cost to clean up, treat and restore damaged resources as a result of a pollutant release; and pollution losses related to the transportation of a pollutant.

If You’re a Contractor You Likely Need CPPI Protection!

A broader understanding of what “professional services” are and the various exclusions in most CGL policies mean that almost every contractor should have CPPI coverage, so if you're a contractor, don't take chances!

Contact Us for the Right Contractor Insurance Protection

Call our experienced independent agents at American Insuring Group at (800) 947-1270 or (610) 775-3848 or click here to connect with them online to learn if there are any potentially costly gaps in your CGL policy.

You can rest assured that they’ll find you the right coverage at a great price!

Driving a truck is challenging enough. Add some snow, sleet or freezing rain, and you have the perfect storm not only for your safety, but for your trucking insurance rates. Few truck drivers can escape driving on wintry roads because more than 70 percent of the nation’s roads are located in regions that receive more than five inches average snowfall annually.

Winter Accident Rates 

The Federal Highway Administration (FHA) reports that 24 percent of weather-related vehicle crashes occur on snowy, slushy or icy pavement and 15 percent happen during snowfall or sleet each year. Every year more than 1,300 people are killed, and 116,800 people are injured in vehicle crashes on snowy, slushy or icy pavements.

Handling a 40,000-pound tractor trailer on treacherous wintry roads requires special driving skills and a lot of common sense as stop time increases and visibility and traction decreases.

Here are two tips to prepare for winter driving:

1. Make sure you have the following supplies in your truck. It’s better not to need something and have it than to need something and not have it:

• Kitty litter – When you stop for a meal or a bathroom break, your tires will be warm, which can quickly turn snow into ice. Kitty litter is a great way to get a little bit of extra traction to get you started.
• Good quality Lug tires
• Fuel conditioner
• Methyl hydrate for fuel and air lines
• Extra fuel filters (don’t forget a wrench)
• A hammer & putty knife. When driving in excessive amounts of snow, air tanks can quickly freeze. You can remove snow and ice packed on your air tanks with a hammer and putty knife
• Windshield washer fluid
• Chains
• Propane heater and lighter
• Extra warm clothing
• Insulated socks and good boots
• Extra blankets or a sleeping bag
• A well-charged phone
• Food and water
  
  

2. Be extra diligent during your circle check. Make sure that everything is in working order including the defroster, heater, wiper blades and motor, brakes, and lights. Top off the washer fluid. A few ounces of brake line antifreeze mixed in with the washer fluid can help prevent freezing on your window. Drain moisture from the air tanks. Start with a full tank of gas for extra weight over the drive tires to help with traction. Check the tires and the tire pressure. Make sure all windows, mirrors, and lights are completely clean before departing.

Here are six tips once you hit the road:

1. Slow down – This is the number one rule of safe winter driving. If roads are slick, the posted speed limits are probably too fast. Most at-fault accidents are due to excessive speeds.
2. Keep a safe distance – When possible, leave about ¼ of a mile between you and the vehicle in front of you.
3. Don’t stop on the shoulder – When visibility is bad, another vehicle may not see you or may think that you’re driving on the road and slam right into you.
4. Don’t over brake and don’t engage the jake brake on icy roads – Your truck may slow down, but your trailer may not.
5. Keep lights clean – Even if you start out with clean lights, snow and ice can build up decreasing visibility. Stop in a safe place periodically to make sure the lights on your truck are clean.
6. Use common sense – You may feel pressure from hours of service rules and dispatchers, but don’t put yourself (and others) in harm’s way. Know your limits and what your equipment can handle. If you don’t feel that the roads are safe enough to drive on, find a safe place to park your truck and wait out the storm. Call dispatch and have the delivery rebooked. Nothing is more important than your life.

Taking these precautions on snowy, icy, or slushy roads can help save lives. It can also help decrease the cost of your truck insurance premiums.

Call Us to Save on Commercial Vehicle Insurance

To learn more ways to save on any type of commercial vehicle insurance, give the experienced agents at American Insuring Group a call at (800) 947-1270 or (610)775-3848, or click here to contact us online.

Every industry comes with its own unique set of issues and concerns when it comes to insurance; the food industry is no exception. And of course, each individual restaurant is unique. There is no one-size-fits-all when it comes to restaurant insurance.

When choosing the best insurance for your business, you need to look at what coverages are required by law and possibly by your lender, and what your risks and needs are.

Here are four questions you need to ask yourself if you want to protect your restaurant:

#1. What type of business are you insuring? 

We use the broad term “restaurant insurance,” but that can mean many different types of “restaurants”: bars, nightclubs, pizzerias, caterers, food trucks, full-service restaurants and the list goes on. Each type of business comes with its own unique risks.

#2. What are the primary types of restaurant insurance that most restaurants are required to have? 

There are three types of property and casualty insurance that every restaurant owner needs to consider: property, commercial general liability (CGL), and workers’ compensation.

Property insurance will protect the things you own such as the building, equipment, etc. The right property insurance will help you replace or repair your property if it is damaged due to a fire, storm, or theft. It may even include business interruption insurance. If you sustain damage to your restaurant that requires you to suspend operations for a period of time, business interruption insurance covers your loss of income (the profits you would have made had your restaurant been open) while the damage is repaired. 

Commercial general liability insurance (CGL) protects you from liability claims against your restaurant for property damage and bodily injury. For example, if someone in your restaurant falls and sustains injuries, they may decide to sue you. CGL insurance will help cover legal costs and any judgments or settlements against you.

Workers’ compensation insurance (WC) is mandatory in most states for most businesses with employees. WC pays for an employee’s lost wages and medical costs if they’re injured on the job. It can also help protect your business against accident-related lawsuits from your employees. 

#3. What are other risks I need to consider?

Once you have an idea what the basic types of insurance will and will not cover, you need to consider other risks that could affect your restaurant. Here are just a few examples. If you use a car to deliver food, you need to have commercial auto insurance. If you serve liquor, you should have liquor liability insurance. An experienced commercial insurance agency like American Insuring Group will help you consider all of your risks and determine which coverage is best for you.

#4. What other factors affect the cost of my insurance?

Every insurance policy is unique. An underwriter will ask lots of questions and conduct some of their own research before providing an insurance quote. Here are some of the factors insurance companies consider when determining the cost of your premium:

• Years in business
• Location
• Hours of operation
• Size of business including the number of employees, sales volume, and square footage of your property.
• Loss history
• Types of activities like entertainment, mechanical bulls, and off-premise catering.
• Percentage of alcohol sales

It’s probably no surprise that a nightclub with live entertainment that serves light fair (but mostly alcohol) and stays open until 2 am is going to pay more for insurance than a pizza parlor that doesn’t serve alcohol and is only open until 10 pm.

Obtaining the Right Insurance Policy Requires Expertise - Don't Risk It!

Purchasing the best insurance for your restaurant – one that covers all your risks at a reasonable rate – is not a simple process. It takes an experienced insurance agent to ask the right questions and offer the best solutions. That’s just one reason why trying to buy restaurant insurance online is usually not your best options.

It’s also important to note that there isn’t just one insurance company that can offer all types of restaurant insurance at the best price.

Get The American Insuring Group Advantage!

Independent insurance agencies like American Insuring Group represent many different insurance companies (in our case, lots and lots of companies!), so we can find you the best rate for any type of restaurant insurance you need.

So give us a call at (800) 947-1270 or (610) 775-3848 or connect with us online for a free insurance review!

Workers compensation fraud is one of the fastest growing areas of insurance fraud and accounts for approximately 25 percent of insurance fraud at the cost of $7.2 billion annually, according to The National Insurance Crime Bureau reports.

Employers end up paying for this fraud with higher insurance premiums and the cost of temporarily replacing the employee, training, overtime, and reduced morale and productivity that can occur in stressful situations where the remaining employees are overworked.

So using the most effective tools available to investigate questionable insurance claims just makes sense as a strategy for lowing your workers compensation insurance costs. Today’s advanced technology can be a powerful tool for catching and prosecuting employees committing workers compensation fraud. 

Here are 3 tips on using technology to lower your workers comp insurance costs:

 

#1. Use Social Media to Investigate Fraud

The use of social media has continued to grow over the past few years, and people of all generations are currently using it. According to HootSuite, 2.8 billion people were using social media by the end of 2016, and 83 percent of Americans have a social media account. Facebook continues to be the most-used platform for all ages. 64 percent of Americans over 11 years of age use Facebook with an average of 1.09 billion active users every day.

Social media investigation has been used in claims investigations for some time. Nearly ten percent of Facebook users have privacy settings that allow all posts and updates to be seen by the general public. You can use this to your advantage and go beyond the typical social media investigation.

Pictures posted on Facebook and other social media platforms contain hidden metadata, which is simply data that describes other data, and because most people don’t adjust the settings on their cameras or smartphones, this information is available for the taking. Metadata includes a date and time stamp that shows when a photo was taken and longitude and latitude information that shows where a picture was taken.

With this information, a “geofence” is created, which tells everyone when and where an event took place, making it difficult for someone to testify otherwise.

Social Media Caveat

There is one caveat with using social media to investigate employee behavior: If the information you find is open to the public and not protected with privacy settings, you can use it; however, you can’t trick an employee into giving you access to their social media pages.

#2. Leverage Vehicle Tracking and Sighting Technology

 Today, there are millions of security cameras in every major U.S. city (and even small towns) capturing real-time images of people going about their business, including license plate tracking information that shows where a vehicle is at a particular time. This information can be useful in claims investigations because it

1. reveals the location of a claimant’s vehicle,
2. establishes a pattern of visited places,
3. confirms or disputes routes taken by employees, which can be particularly helpful in “traveling employee” cases.

#3. Utilize Keyword Search Technology

Using “keywords,” you can search for anything on the Internet including posts on social media sites. It is entirely ethical to use this information to find out where someone has been. You will often find information from people (other than your employee) or organizations who have tagged or listed the names of attendees or identify an attendee in a photo. Even if your employee has their privacy settings so that only friends can see their information, others may not.

Technology is a part of everyone’s life today; why not use it if it can help minimize workers compensation fraud?

 

Contact Us to Save Big on Workers Compensation Insurance!

To learn more about reducing your workers compensation premiums, contact American Insuring Group online, or call us at (800) 947-1270 or (610) 775-3848.

Our independent agents have the freedom to shop among lots of competing carriers, so we have to power to help you save big. Don’t delay, contact us today and start saving!