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Distracted Driving & Workers Comp Insurance

Posted by David Ross on Tue, May 03, 2016

Distracted driving can drive up workers comp insurance costs and the cost of commercial vehicle insurance in Pennsylvania and elsewhere.A recent study on distracted driving from in-car data collection and analysis showed that drivers spend more than half their time focused on things other than driving.

There are a variety of activities that count as distractions, and it’s estimated that these distractions contribute to more than 5,000 traffic fatalities each year. 

Here are some of the most common driving distractions, any of which can result in higher workers compensation insurance rates if they occur while on the job:

  • Talking on a cell phone
  • Texting
  • Eating and drinking
  • Attending to child passengers
  • Grooming
  • Reading, including maps
  • Using a navigation system
  • Watching a video
  • Adjusting a radio, CD, MP3 or temperature controls

Your Business and Your Workers Comp Insurance Rates

When your workers are behind the wheel on your company’s behalf, their safety is your business. And since texting takes your drivers’ attention away from the road for almost five seconds (the equivalent of driving the length of a football field at 55 mph blindfolded), it is important that you prohibit them from texting in your commercial vehicles.

“It is well recognized that texting while driving dramatically increases the risk of a motor vehicle injury or fatality.” Explains David Michaels, Assistant Secretary at Occupational Safety and Health Administration (OSHA). “We are asking employers to send a clear message to workers and supervisors that your company neither requires nor condones texting while driving.”

Your Legal Responsibility to Safeguard Drivers at Work

As a business owner or manager, your legal responsibility under OSHA is to safeguard drivers at work. And it makes no difference whether they drive full-time or only occasionally to carry out their work, or whether they drive a company vehicle or their own. When OSHA receives a plausible complaint that an employer requires texting while driving or organizes work so that texting is a necessity, they will investigate and issue citations and penalties where necessary.

Your cooperation can minimize the danger to your business

Building a workplace culture of safety requires clear, explicit policies and sound practices. OSHA, which enforces worker safety laws, has joined with the Transportation Department, other agencies, key associations and organizations to enlist the help and cooperation of businesses of all sizes in a nationwide outreach, education, and enforcement effort to stop the dangerous practice of texting while driving.

Here are a few of the recommendations for employers to follow:

  • Prohibit texting while driving. OSHA encourages employers to declare their vehicles “text-free zones.” Also, emphasize that commitment to their workers, customers, and communities.
  • Establish work procedures and rules that do not make it necessary for workers to text while driving in order to carry out their duties.
  • Set up clear procedures, times, and places for drivers’ safe use of texting and other technologies for communicating with managers, customers, and others.
  • Incorporate safe communications practices into worker orientation and training.
  • Eliminate financial and other incentive systems that encourage workers to text while driving.

Millions of Americans drive on the job every day, and this deadly behavior, texting while driving, has put them at risk. And that risk continues to grow as texting becomes more widespread. OSHA believes that by improving our understanding of how mental and physical distractions impair your company drivers and by educating them about avoiding distractions, we can eliminate these needless deaths and make our businesses safer while lowering commercial vehicle insurance and workers compensation insurance costs.

For more information about safe driving, commercial vehicle insurance, and workers comp insurance, contact us online or call (800) 947-1270 or (610) 775-3848.

Tags: Workers Compensation Insurance, Commercial Vehicle Insurance, workers comp, workers comp insurance, PA Workers Compensation Insurance, workers comp costs

What is Commercial Auto Insurance?

Posted by David Ross on Tue, Sep 22, 2015

Commercial auto insurance and personal auto insurance are two completely different things – mainly because a commercial vehicle faces more risks and needs more protection than a personal vehicle.

PA Commercial Auto Insurance requirements defined. Serving the car insurance needs of Philadelphia, Reading, Allentown, Lancaster, Harrisburg, York, Lebanon, Erie, Pittsburgh, State College, PA and beyond.Commercial auto insurance is designed to protect you, your employees, your vehicle, your equipment, your business (in the event of a lawsuit), and other individuals. It has some of the same coverages as personal insurance, but usually includes higher liability coverage and additional add-ons not offered with personal auto insurance.

If you are conducting business in a vehicle that is only covered by personal auto insurance and that vehicle is involved in an accident, you risk having your claim denied.

State and Federal Insurance Requirements for Your Personal or Commercial Vehicle

Each state has different requirements, but nearly all of them require that any registered vehicle be covered by – at least – liability insurance, and some states require that you purchase uninsured motorist coverage and no-fault car insurance. Pennsylvania is one of those states, and these requirements – and often more - apply to your commercial vehicle.

If you transport hazardous materials or you transport goods or passengers from state to state, you are also subject to federal requirements for commercial auto insurance. For instance: a commercial vehicle carrying 16 or more passengers across state lines is required to have $5 million of insurance and a vehicle carrying less than 15 passengers across state lines is required to carry at least $1.5 million of insurance.

Often, you will find that insurance companies will only sell you policies that include coverage that is higher than the state’s minimum requirements for personal vehicles, because providing coverage for a commercial vehicle increases the risk. Plus, financial intuitions may require additional coverage.

Do you need commercial auto insurance?

If you own or lease a fleet of vehicles, you probably understand that you need commercial auto insurance, but even if you own just one of the following vehicles and use it for business purposes, you should have commercial vehicle insurance:

  • Trucks – dump trucks, refrigerator trucks, etc.
  • Vehicles outfitted with work equipment
  • Utility vans
  • Limousines
  • Taxicabs
  • Flatbeds

You might be surprised to learn that you should also have commercial insurance for a “regular” car, pick-up truck, or SUV if any of these circumstances apply:

  • You use a vehicle or vehicles for your profession or business (other than commuting to work)
  • The vehicle is owned or leased by a business, partnership, or other corporation
  • The vehicle is equipped with…
    • Snowplowing equipment.
    • Cooking or catering equipment.
    • Bathrooms.
    • Altered suspensions.
    • Hydraulic lifts.
    • Racing equipment.
  • The vehicle is consistently driven by you or your employees for both business and personal use.

Add-on insurance to consider for your commercial vehicle:

  • Collision: This covers your vehicle for damage incurred in a collision/accident.

  • Comprehensive Insurance: This covers you if your vehicle is damaged by something other than a collision, such as theft, fire, or vandalism.

  • PIP and medical payments coverages: Personal injury protection (PIP) and medical payments coverages help take care of expenses, such as the loss of wages, incurred when you and/or your passengers are injured in an accident.

  • Emergency roadside insurance: If you’re battery dies, you get a flat tire, need your car towed, run out of gas, or lock yourself out of the car, this insurance can come in handy.

  • Personal effects insurance:  This insurance covers your personal belongings in the event of a theft.

Contact Us for the Right Commercial Vehicle Insurance 

Contact us for all your commercial vehicle insurance needs in PA and beyond.If you want to protect your employees, your vehicle, your equipment, your business, and other individuals, give us a call at (800) 947-1270 or (610) 775-3848 or click here to contact us.

As independent insurance agents, we can help determine the right auto insurance at the right price for your vehicle by shopping among competing insurance carriers. Click or call today.

Tags: Car Insurance Harrisburg PA, Van Insurance, Car Insurance Lancaster PA, Commercial Vehicle Insurance, Car Insurance, Car Insurance Reading PA, Car Insurance Allentown PA, Car Insurance Philadelphia PA, Affordable Car Insurance, Commercial Insurance, Business Insurance

8 Auto Insurance Myths Debunked

Posted by David Ross on Tue, Sep 08, 2015

Car insurance myths. Learn more from American Insuring Group, providing auto insurance in Reading, Philadelphia, Allentown, Harrisburg, Lancaster, York, Lebanon, Pittsburgh, Erie, PA and beyond.Most drivers are aware that the rates they pay for auto insurance are a result of factors such as their driving record, the type of car, van, truck or RV they own, the distance of their commute, and various demographics like their age and gender.

But there are also lots of myths about vehicle insurance that, in some cases, could end up costing them substantially more than the premium.

Let's shine the light of truth and dispel all 8 myths right now!

 

Auto Insurance Myth #1:
A Red Car is the Most Expensive to Insure

Although this myth has persisted for many years, there is no basis for it. The sticker price of your car, its safety record, the cost to repair it, and the likelihood of theft are all considered in the premium. The color makes no difference. Simply put, the premium on a silver Mercedes 260E will be higher than on a red Honda Civic.

Auto Insurance Myth #2:
Older Drivers Pay More to Insure their Vehicles

The truth is that senior drivers (usually 55 and over) have the opportunity for discounts that may not be available to younger drivers. Both AAA and AARP offer defensive driving courses for mature drivers. These may be taken online and, upon successful completion, could result in as much as a 10% reduction in your vehicle insurance premium.

Auto Insurance Myth #3:
When it Comes to Car Insurance, Credit Score is not Important

Actually, it is very important. Almost every insurance company uses a credit-based insurance score to determine eligibility and premium rates, and it is based, in whole or in part, on the information found in your consumer credit report. For most people, a good credit score will translate into lower insurance rates and vice versa.

Auto Insurance Myth #4:
If Your Car is Stolen, Damaged, or Vandalized, You Will be Covered

Not necessarily. Comprehensive vehicle insurance, which covers theft, vandalism, and an array of non-collision damages to your car, is optional coverage. Many drivers choose not to carry this on an older car as a way of saving money. Keep in mind that if a car is to be fully protected, both collision and comprehensive coverage need to be in force.

Auto Insurance Myth #5:
The Minimum Amount of Auto Liability Insurance Required by Law is Sufficient

State minimum liability requirements don’t come close to covering the cost of a serious accident. The old idiom “penny wise and pound foolish” applies here. Saving a few dollars a year on inadequate coverage may end up costing thousands more. Actual liability coverage limits should be four to six times higher than the state minimum.

Auto Insurance Myth #6:
If Someone Else Drives Your Car, Their Insurance Will Cover Them in an Accident

In most states, car insurance travels with the vehicle. So remember, if you’re loaning out your car, you’re agreeing to take responsibility for that driver. Your rates may be at risk if the driver has an accident.

Auto Insurance Myth #7:
Members of the Military Pay More for Insurance

This is not the case. In fact, many insurance companies offer savings to active members and veterans of the armed forces and their families. This makes sense since, statistically, members of all branches of the armed services are responsible, law abiding and safe – all traits that make them a lower risk.

Auto Insurance Myth #8:
Personal Insurance Covers Both Personal and Commercial Use of Your Vehicle

Proceed with caution here. If you are self-employed and use your vehicle under a personal policy, you risk having a claim denied. The rules that determine what constitutes commercial vehicle insurance vs. personal insurance use are complex. Make sure you are covered under the proper policy for your situation.


Get the Facts - Get the Best Car Insurance to Meet Your Needs and Budget

Contact us for the right PA auto insurance at the right price.Now that we've dispelled some common myths of auto insurance, give us a call to learn more at (800) 947-1270 or (610) 775-3848, or click here to contact us. We'll help you obtain reasonable premiums without sacrificing vital coverage.

We're independent agents who offer car insurance policies from competing insurance companies. That means we can find you the best insurance at the best price. We've been serving the vehicle insurance needs of Reading, Philadelphia, Allentown, Harrisburg, Lancaster, Pittsburgh, Erie, PA and beyond for over 25 years. Call today. 

Tags: Car Insurance Harrisburg PA, Van Insurance, Car Insurance Lancaster PA, Commercial Vehicle Insurance, RV Insurance, Car Insurance, Car Insurance Reading PA, Car Insurance Allentown PA, Car Insurance Philadelphia PA, Affordable Car Insurance

I Don’t Need Commercial Vehicle Insurance. Or Do I?

Posted by David Ross on Wed, Mar 04, 2015

Who needs commercial vehicle insurance?

Tips for determining if you need commercial vehicle insuranceIf you own a fleet of vehicles that are used exclusively for your business or you own a freight truck or delivery truck, you probably understand that you need commercial vehicle insurance on those vehicles.  But what if you have one vehicle that you use to deliver pizzas?  What if you use your personal vehicle to drive to job sites or to meetings?

Any vehicle being used for business or commercial purposes is technically a commercial vehicle, which means it needs to be insured by a commercial vehicle insurance policy.  This includes any vehicle used for the pickup or delivery of goods and any vehicle used to transport people for business.

You may also need commercial vehicle insurance if your vehicle is…

  • Registered or titled to a:
    • Business
    • Corporation
    • Partnership
    • Rented or leased by others
    • Equipped with:
      • Snowplowing equipment
      • Cooking or catering equipment
      • Bathrooms
      • Altered suspensions
      • Hydraulic lifts
      • Racing equipment

Bottom line: If you own or use any type of vehicle for business purposes, you need a good commercial auto insurance policy to protect yourself, your employees, and your business!

Commercial vs. Personal Car Insurance

It is true that the premiums for commercial vehicle insurance are generally higher than premiums for personal vehicle insurance, but there’s a very good reason for that - the risk of covering any vehicle used for business purposes is higher than the risk of covering cars used for personal purposes. This is the main reason car insurance policies for commercial purposes differ from personal policies.

Types of commercial auto insurance include:

  • Business auto insurance
  • Truck insurance
  • Cargo insurance
  • Pickup truck insurance
  • Tow truck insurance
  • Van insurance
  • Dump truck insurance
  • Non-owned/hired liability insurance

Many of the common types of personal car insurance coverage also apply to commercial auto insurance, such as:

  • Bodily injury liability
  • Property damage
  • Comprehensive
  • Collision
  • Medical payments
  • Personal injury protection (PIP)
  • Uninsured/underinsured motorist

 But, commercial car insurance policies are better suited to cover:

  • Your business and its assets
  • Your employees or other drivers you hire to drive your company cars
  • The higher risk of operating certain commercial vehicles

 

DON'T RISK IT!

If you carry a personal car insurance policy, and you file a claim for an incident that occurred while driving for business purposes, you may find that your car insurance company will not pay on that claim. A good commercial auto insurance plan can save you from a financial disaster, regardless of whether you're an independent contractor or the CEO of a multi-million dollar company.

How is my commercial vehicle insurance rate determined?

Your commercial auto insurance rate depends on several factors. These factors include, but are not limited to:

  • Age and personal driving record of all drivers (driving history is one of the biggest factors in determining your rate)
  • License type of all drivers
  • Vehicle make and model including its safety rating, age, and history
  • Type of cargo the vehicle carries
  • Number of passengers the vehicle transports
  • Annual mileage

The nature of your business and how your vehicles are used will also affect your rate.  As with personal vehicle insurance, the lower your risk, the higher your savings will be. Other factors include:

  • The limits of your coverage
  • Any optional coverage you purchased
  • Your deductible
  • Your credit history

Contact us for help in obtaining the right commercial vehicle insurance protection. We serve Philadelphia, Lancaster, Reading, Harrisburg, York, Allentown, the LeHigh Valley, Pittsburgh, Erie, State College, Pennsylvania and beyond.The best way to determine if you need commercial vehicle insurance and what type of coverage is best for your business is to speak with an experienced independent insurance agent.  Call American Insuring Group at (800) 947-1270 or (610) 775-3848 or email us to learn more about commercial vehicle insurance.

Tags: Commercial Vehicle Insurance, Business Insurance Reading PA, Business Insurance Berks, Business Insurance Philadelphia Pa, Business Insurance Lancaster Pa, Business Insurance Harrisburg Pa, Business Insurance York Pa, Commercial Insurance, Business Insurance Allentown PA, Business Insurance

5 Business Insurance Questions for Every Small Business Owner

Posted by David Ross on Thu, Feb 26, 2015

Business Insurance Questions for Small Business OwnersSmart business owners know that insurance is important to protect their business and assets.  But, knowing which ones are right for your business can be a challenge.  No one wants to be caught without the right business insurance if something happens, and no one wants to pay for insurance that isn’t necessary. Here are six questions to ask to help determine what type of insurance you need to protect your business:

 

1.     Is it possible that someone could be injured or property damaged in the course of doing business with me?

If you answered yes, then you should consider Commercial Liability Insurance. Every business, even a home-based business, needs to look at liability insurance.  This type of policy provides insurance protection for bodily injury or property damage claims that you become legally responsible to pay. Standard policies include premises and operations risks that are common to the business owner or contractor. These policies also include product liability insurance and completed operations liability coverage. Medical payment insurance protection is also standard with most policies.

2.     Do I own a building or any business equipment or property – such as office equipment, inventory, or tools – to run my business?

If you answered yes, then you should consider Commercial Property Insurance. If you own a building or have business property  you should consider protecting those assets from fire, vandalism, theft, smoke damage, etc. with Commercial Property Insurance.  Expanded coverage often includes water damage, sewer back-up, business interruption insurance, and more. A tailored property insurance policy usually pays on a replacement cost basis, which means there is no depreciation in the event of a loss. 

3.     Could someone sue me based on the business that I conduct with them?

If you answered yes, then you should consider Professional Liability Insurance.  This insurance, also known Professional Indemnity Insurance, is a type of commercial insurance that provides protection for an Error and Omission Insurance exposure. This type of insurance protection typically covers negligence claims arising from an alleged act or failure to act that caused harm to another. Doctors, lawyers, and most professionals have some type of Error & Omission Insurance (Professional Liability Insurance) exposure. 

4.     Do I use any type of vehicle to run my business?

If you answered yes, then you should consider Commercial Vehicle Insurance.   This is an insurance that covers owned and non-owned vehicles that employees, contractors, and business owners use to conduct business.  The vehicle could be a truck, a van, a limo, or even a sedan, depending on what that vehicle is used for and what it is equipped with. Standard vehicle insurance coverage includes bodily injury and property damage liability, personal injury protection (including medical and lost wages expense), and uninsured and underinsured motorist coverage and physical damage to your vehicle including comprehensive and collision coverage. 

5.     Do I have any employees working for me?

If you answered yes, then you should consider Worker’s Compensation. Worker’s Compensation Insurance is a type of small business insurance that is mandatory in most states and covers employees for work-related injuries. A typical "workers comp" insurance policy pays lost wages and medical expenses incurred due to a work-related accident, while also protecting the employer against accident-related lawsuits. 

 

American Insuring Group provides all types of business insurance for small business owners in Philadelphia, Reading, Harrisburg, Lancaster, Allentown, the Lehigh Valley, Pittsburgh, Erie, State College, PA and beyond. Contact us today.These five business insurance questions are a great starting point for any business owner, but you don’t need to go it alone.  The advice of a trusted and experienced independent insurance agent from American Insuring Group can help ensure that you obtain the right insurance at the right price for your business.  

Don't take a chance - contact us  at (800) 947-1270 or (610) 775-3848.

Tags: Workers Compensation Insurance, Commercial Vehicle Insurance, Professional Liability Insurance, Commercial Liability Insurance, commercial property insurance

Reduce Commercial Vehicle Insurance Rates with Better Maintenance

Posted by David Ross on Wed, Aug 20, 2014

Commercial vehicle insurance can be affected by how well you maintain your vehicle fleetWhether your company owns one commercial vehicle or an entire fleet of vehicles, regular vehicle maintenance is one of the best things you can do to protect your employees, your property, and your business.

As a bonus, any time you reduce risk you reduce the chance of incurring an insurance claim, which ultimately can help lower your commercial vehicle insurance and other business insurance rates.

Here's How:

  • Regular maintenance can help prolong the life of your vehicle and allow it to operate more efficiently. 
     
  • Regular maintenance also helps ensure the safety of your employees and can help cut down on insurance claims.
     
  • Many state and U.S. regulations require a preventive vehicle maintenance program, including a structured record-keeping system.  Non-compliance of these regulations can lead to strict penalties, including hefty fines. 

 

Commercial Vehicle Compliance

Before initiating an internal vehicle maintenance plan, you should understand federal commercial vehicle requirements. Every year, the Commercial Safety Vehicle Alliance (CSVA) conducts approximately four million commercial motor vehicle inspections throughout North America.  These inspections focus on vehicle mechanical safety, traffic enforcement, cargo securement and regional rules and regulations.  Any vehicle with a gross vehicle weight rating of more than 10,000 pounds, including the weight of a trailer, may be subject to these random road checks. http://www.cvsa.org/programs/nas.php

Developing a Better Commercial Vehicle Preventive Maintenance Program

In addition to complying with federal regulations, it’s also a good idea to create a formal preventive maintenance program that includes a daily pre- and post-drive checklist.  This helps insure that drivers share some of the vehicle maintenance responsibility and that the day-to-day safety requirements are met. 

Where to Begin

A good place to start is the Federal Motor Carrier Safety Administration (FMCSA) website.  http://www.fmcsa.dot.gov/ FMCSA’s “A Motor Carrier’s Guide to IMPROVING HIGHWAY SAFETY” is a great resource.  It includes lots of information and record-keeping forms. http://www.fmcsa.dot.gov/sites/fmcsa.dot.gov/files/docs/ETA-Final-508c-s.pdf.

With a preventive maintenance plan in place and knowledge of federal and state regulations, your one commercial vehicle or your entire fleet will be ready for the road. 

Reduce Risk & Save Money with the Right Commercial Vehicle Insurance

American Insuring Group’s independence and high standards allow us to provide the best commercial vehicle insurance rates and high-quality insurance protection for your commercially used car, van, truck, or fleet.  Contact us at (800) 947-1270 or (610) 775-3848 to learn more.

 

Tags: Car Insurance Harrisburg PA, Van Insurance, Car Insurance Lancaster PA, Commercial Vehicle Insurance, truck insurance, Car Insurance, Car Insurance Reading PA, Car Insurance Allentown PA, Car Insurance Philadelphia PA, Affordable Car Insurance, Commercial Insurance, Business Insurance

Personal vs. Commercial Vehicle Insurance

Posted by David Ross on Mon, Jun 02, 2014

You need commercial vehicle insurance if you have a business-related accident. In those cases personal vehicle insurance will not cover the accident. Call us to learn more about commercial car, truck, and fleet insurance for your business. Serving Reading, Philadelphia, Lancaster, Harrisburg, Erie, Altoona, York, Allentown, Pittsurgh, PA and beyond.Picture this: a pizza delivery guy, a shuttle driver (sole-proprietor of the business), and an independent landscaping contractor collide into each other at the intersection of First and Main.

As they all get out of their vehicles to examine the damage, the delivery man asks, “Do you guys have commercial vehicle insurance?”   Both drivers shake their heads no.  “Do you?” asks the shuttle driver.  The delivery man looks down at his feet, and says, “No, but I’ve been meaning to talk to my insurance agent about it.” 

Insurance Claim Denied

In this scenario, chances are that all three would hear the same answer from their insurance agent, “Sorry, but your personal vehicle insurance won’t cover this accident.”  

If you own a fleet of vehicles and hire many drivers, you probably know you need commercial vehicle insurance.  But what if you just use your personal vehicle for business occasionally, or it’s just you driving your truck from job to job?   Won’t personal car insurance cover you in the event of an accident?  It depends. 

Like personal vehicle insurance, commercial vehicle insurance covers things such as liability, collision, comprehensive, medical payments, and uninsured motorist coverage. However, there may be a difference in eligibility, definitions, coverage, exclusions, and limits. Certain business usage and vehicle types can be excluded from personal policies. Some businesses need coverage only found in commercial car and truck insurance. 

Commercial Vehicle Insurance Benefits

Commercial vehicle insurance generally includes higher liability coverage.  Sometimes commercial insurance also insures the items (such as work equipment) within your vehicle; it may include rental reimbursement to help cover the cost to temporarily replace a commercial vehicle; and it may offer single-deductible options, which allow you to extend coverage to trailers or other specialized equipment you haul. 

So, how do you know if you need commercial vehicle insurance or if personal vehicle insurance is enough? It depends on the nature of your business, how you use your vehicle, and your insurance company’s policies.  Here are a few questions you need to consider - if you answer yes to any of them, you may need commercial car insurance.

·       Is your vehicle used to transport goods or people for a fee?

·       Is your vehicle owned or leased by a partnership or corporation?

·       Is your vehicle registered or titled to a business, corporation, partnership, or DBA?

·       Do employees operate your vehicle?

·       Is your vehicle a pickup, van, or utility vehicle with a gross weight exceeding 10,000 pounds or does it have a rated load capacity over 2,000 pounds?

·       Is your vehicle equipped with snowplow equipment, cooking or catering equipment, bathrooms, altered suspensions, hydraulic lifts, or racing equipment?

·       Is your vehicle equipped with a ladder rack or permanent toolbox that is used for your business?

 

Don't Take Chances on Insurance for Your Commercial Vehicle - Contact Us Today

Contact us to make the right decision on your commercial or personal vehicle insurance needs and coverage.Personal vehicle insurance provides enough coverage for some businesses; however, there are times when commercial vehicle insurance is required.  If you don’t want to be like the pizza delivery driver, the shuttle driver, or the independent landscaping contractor in our story, contact us for advice in making the right insurance decision at (800) 947-1270 or (610)775-3848.  We'll help you obtain the right type and level of vehicle insurance for your business. 

Tags: Car Insurance Harrisburg PA, Car Insurance Lancaster PA, Commercial Vehicle Insurance, truck insurance, Car Insurance, Car Insurance Reading PA, Car Insurance Allentown PA, Car Insurance Philadelphia PA, commercial vehicle insuarance, Business Insurance

Business Insurance and Your New Year's Resolutions

Posted by David Ross on Tue, Feb 11, 2014

Did you remember business insurance when making your new year's resolutions? Here is why you should have.Be honest!  Did you make any New Year’s resolutions this year?  If you did, you weren’t alone.  According to Statistic Brain, 45% of Americans “usually” make New Year’s resolutions, and according to Constant Contact®, 53% make business-related resolutions. 

Statistic Brain found that losing weight is the number one New Year’s resolution for 2014 – no surprise there.  And number two?  The second most popular resolution for 2014 is – drum roll please - getting organized.  Now if losing weight is on your list, there are many other organizations more suited to helping you than an insurance company (unless you want to know how weight could possibly affect your life insurance premiums).  However, a good insurance agent can help get your business organized.

Getting organized isn’t just about “A place for everything, everything in its place,” as Benjamin Franklin said.  It’s also about having everything you need so your business can run smoothly and profitably.  The right business insurance can help your business do just that - and protect it by minimizing financial risks associated with unexpected events.

Commercial Liability Insurance

First, you should consider liability insurance to protect your company’s assets in the event that someone gets hurt on your property or you (or one of your employees) cause property damage or injury.  Even if you doubt you’ll ever face a claim, we live in a litigious society; purchasing liability insurance is a wise and affordable investment.  There are a wide variety of commercial liability insurance options such as general liability insurance, product liability insurance, and error and omission insurance. 

Commercial Property Insurance

Commercial Property Insurance is another insurance to consider.  It covers everything related to the loss or damage of company property due to events such as fire, windstorm and hail, smoke damage, vandalism, theft, and more. “Property” may include lost income, business interruption, and company papers, as well as equipment and buildings.

Commercial Vehicle Insurance

If you use a vehicle – whether you own it or not – for any purpose other than driving to and from work, you should check your existing insurance policy to see if you need a commercial vehicle policy.  Standard vehicle insurance coverage includes bodily injury and property damage liability, personal injury protection, and physical damage to your vehicle including comprehensive and collision coverage. 

Worker's Compensation Insurance

Worker’s Compensation Insurance is mandatory in most states (including Pennsylvania), and covers employees for work-related injuries.  A typical "workers comp" insurance policy pays lost wages and medical expenses incurred due to a work-related accident and protects the employer against accident-related lawsuits.  

Business Umbrella Insurance

Finally, umbrella liability insurance is a type of commercial insurance that covers a small business for liability claims that exceed the underlying limits of liability coverage.  Umbrella policies are a type of commercial insurance that adds an extra layer of public liability insurance protection.  

Today is the time to review your business insurance needs. We help customers with all types of commercial insurance, from Reading, PA to Philadelphia, Allentown, Lancaster, Harrisburg, York, Erie, Pittsburgh and points in between. Call us today for a no-risk analysis of your business insurance needs.Now is a Great Time to Review Your Business Insurance Needs

Whether “getting organized” is on your list of 2014 New Year’s resolutions or not, now is a great time to review your insurance policies to ensure that you have the right coverage to protect your business and allow it to run smoothly.  AIG would be very happy to help you with this resolution.  Contact us at (800) 947-1270 or (610) 775-3848 to arrange a policy evaluation.  Then you can sit back and enjoy your well-ordered office space, knowing that it’s protected.

Unfortunately, you’ll have to call someone else if you want help losing weight!

 

Tags: Umbrella Liability Insurance, Workers Compensation Insurance, Commercial Vehicle Insurance, Umbrella Insurance, Commercial Insurance, Business Insurance, commercial property insurance

Business Insurance Reality Check: Is Your Business Vulnerable?

Posted by David Ross on Wed, Sep 25, 2013

Business Insurance questions to ask to determine risk and insurance coverage. Serving Reading PA, Berks County, Philadelphia, Harrisburg, Lancaster, Allentown, Pittsburgh, Erie, Pennsylvania and beyond with quality commercial insurance.Too Busy to Assess Your Risk?

Many small business owners are so busy these days that they have little time to slow down and properly analyze their risks and business insurance needs.  And it’s no wonder. Small businesses from Reading PA in Berks County, to Philadelphia, Allentown, Lancaster, and all across the nation drive a significant portion of the country’s economic growth. However, they tend to be lean, which means the typical small business owner is wearing many hats and putting in long hours. Many are too busy to take the time to properly analyze risks, and to obtain adequate insurance protection to address the risks of their growing businesses.

Just How Big Can a Small Business Be?

Statistics available from the US Small Business Administration (www.sba.gov) indicate that small businesses employ more private sector personnel than mid-sized and large businesses combined.  In the US, small businesses are generally defined as manufacturing businesses with less than 250 employees, and non-manufacturing companies with under $7 million in annual receipts.

Engines of Economic Growth 

Small businesses are the engines of private sector economic growth, creating approximately 2/3 of new non-government jobs while generating over 40% of the private payroll in the US. Small businesses account for a similar proportion of total US high-tech jobs as well.

Questions Small Business Owners Must Ask to Determine Risk and the Right Level of Business Insurance Protection

Regardless of how busy you may be, busyness is no excuse for ignoring risks that could sink your business.  Here is a brief list of questions every business owner should answer as a first step in assessing risk and the need for stronger insurance protection:

  • Disability Insurance:
    Who will run my business if I become disabled permanently or for an extended period? Will my company have the financial resources to pull through this type of crisis?

  • Life Insurance:
    If I die will my business survive? Will my employees all lose their jobs? Will my family be able to keep our house and maintain a good lifestyle?

  • Key Person Insurance:
    What if a person who is vital to my business dies or becomes permanently disabled? Will my business have the financial resources to survive until a new person can be found, hired and fully trained, or will it set me back several years?

  • Workers Compensation Insurance:
    Are my employees properly classified for workers compensation insurance? Could my business survive a workers compensation insurance audit without undergoing major penalties for misclassifying employees? Is my workers compensation insurance coverage fully up to date to reflect my changing business needs and the expanded types of positions my employees currently hold?

  • Property Insurance and Business Interruption Insurance:
    Are my buildings, equipment, and other business property insured against the full range of potential risks? In the event of a claim that disrupts my cash flow for a prolonged period, will I receive compensation for the loss of income during that time, or merely for the cost of the damage to my business property?

  • Professional Liability Insurance:
    Am I covered if an employee were to cause harm to a customer or to their business, and a court found it to be due to negligence? How vulnerable is my business to various types of lawsuits?

 

Be Smart – Be Informed on Business Insurance

Our staff can properly address these and other business insurance questions. We’re a Trusted Choice independent insurance agency. That means we offer a range of business insurance plans from competing insurance companies. We’re well positioned to find the right business insurance coverage at a significant savings.

Contact us today at 610-775-3848, or click to Contact Us online.

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Who Needs Commercial Vehicle Insurance?

Posted by David Ross on Sat, May 04, 2013

Have you recently started a new business, or perhaps suddenly come to the realization that your personal vehicle insurance may not fully protect you when using your car, van, or truck for business purposes? 

Commercial Vehicle Insurance Coverage Differs by Company

Is your personal vehicle insurance protection adequate when using your vehicle for commercial purposes? Learn why you should obtain commercial vehicle insurance. We serve Reading, PA, Philadelphia, Lancaster, Harrisburg, Allentown, Pittsburgh, Erie, Hershey, Pennsylvania and beyond.Although each insurance company has different guidelines for determining to what extent your personal vehicle may be insured when used for commercial purposes, it is nonetheless risky to assume your personal vehicle will be properly covered, if it is covered at all. Rather than taking chances, consult an independent insurance agent to learn the details of your coverage, and to select the best insurance company and policy to meet your commercial insurance needs.

How to Know if Your Vehicle Use is Commercial or Personal

The most obvious indicator that you are using your vehicle for business purposes occurs when you are using your car, van, truck, or other vehicle to transport merchandise or people, or to perform services for a fee.

For example, if you are using your vehicle to:

  • Deliver flowers or restaurant food, such as pizza or other food items
  • Perform landscaping services, such as delivering workers and/or materials
  • Perform snow removal services
  • Tow a trailer used for business purposes
  • Travel to customers for sales calls or to perform consulting services 

Who is Covered Under a Commercial Vehicle Insurance Policy?

Unlike a personal policy, commercial vehicle policies allow you to cover any of your employees when your vehicle is used for business purposes. If your vehicle is driven by employees, that’s a sure sign that you need a commercial policy. Likewise, if your vehicle is owned under a corporate partnership, or used to haul heavy equipment, or to make deliveries requiring federal or state filings, then you definitely need commercial vehicle insurance protection.

Amount of Vehicle Insurance You Need for Business vs. Personal Use

Commercial vehicle insurance policies generally provide greater protection than personal policies, with higher liability limits. However, it’s very important to make sure you are fully protected for both business and personal use if your vehicle is used for both.

Don’t Take Chances!

By now we hope you are thoroughly convinced that it is not worth taking chances with your commercial vehicle insurance coverage. Whether you hail from a larger city like Philadelphia or Allentown, or smaller areas like Reading or Lancaster, you need the right insurance protection. Please don't take chances with your future.

To learn more about commercial insurance for your car, van, truck, or commercial fleet, click here.  Or, contact us online. You may also reach us at (610) 775-3848. We’re independent insurance agents who stand ready to help you find the insurance protection that’s right for you, your budget, and your business.

Save on commercial vehicle insurance in Reading PA, Philadelphia, Harrisburg, Lancaster, York, Erie, Allentown, Bethlehem, Pittsburgh, Hershey, Pennsylvania and beyond.

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