COVID-19 Has Increased Inland Marine Losses

According to a recent report, the Coronavirus pandemic has impacted inland marine insurance, increasing losses as much as 40 percent over the past year. These changes have created an uncertain climate that’s expected to continue in 2021. What should you know? Effect of the Pandemic on Inland Marine Coverage A type of commercial policy, inland…

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MassMutual Providing Free Life Insurance for Healthcare Workers

In response to the COVID-19 pandemic, MassMutual has created the HealthBridge Program, which offers free life insurance to eligible healthcare workers on the frontlines. Through the program, MassMutual will pay the premiums on 3-year term life insurance policies for these workers and their families. The company will issue $25,000 life insurance policies to those 18…

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In-Cab Cameras Can Reduce Truck Accidents & Insurance Rates

While some employees may feel that driver-facing in-cab cameras are an invasion of privacy, they have many benefits for trucking companies. In-cab cameras can help to establish accident responsibility, reduce claim time and provide a useful training tool. In turn, these aspects can help lower insurance rates for drivers and their employers. As more commercial…

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5 Questions to Ask About Business Succession Planning

Your business is probably your most important and valuable asset. You depend on it for steady income. You also predict that one day you’ll be able to cash out and retire. The key, however, is to plan for that goal as early as possible. By considering these five questions, you’ll be well on your way!…

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How COVID-19 May Be Affecting Your Auto Insurance

During the past nine months of working from home due to the COVID-19 pandemic, many people have driven less often. With the exception of essential workers and those who cannot perform their jobs remotely, you may only take the car out for a grocery store run. In response, many auto insurance carriers have noticed the…

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