Parking Issues & Industry Update

Nina Conner Transportation

By Andy Engardio for AssuredPartners American Transportation Research Institute tracks the top industry issues every year. Truck parking has been a perennial top five issue since 2015, and this year was number three overall and the single top concern from truck drivers. Proper parking is linked to recruitment and retention issues, and efforts to attract more women professional drivers. Recently, Florida and Tennessee received nearly $40 million in grants to expand truck parking within their states. Secretary Buttigieg wrote to the American Trucking Association, “We will use every opportunity to educate state and local partners about the eligibility of federal funding for truck parking and recommend states work with private sector truck stop operators and the trucking community in the …

Spring Planting Season: The Perfect Time to Review Equipment Coverage

Nina Conner Agribusiness

By Gina Ekstam for AssuredPartners The 2023 planting season is just around the corner, and many have already started or completed their annual equipment maintenance regimen. It is also the perfect time to review your insurance coverage to ensure equipment is insured for your specific needs and purposes for the season. Having the proper coverage will get you back in the fields as quickly as possible. The cost of farm inputs continues to increase into the 2023 planting season, and this includes equipment. Be sure to review your farm equipment lists to make sure all equipment is included as well as valued appropriately. Many farm blankets will have co-insurance so the full value of the blanket will be determined at …

What is the Manufacturing Skills Gap?

Nina Conner Manufacturing

By Patti Gander for AssuredPartners The manufacturing skills gap has been a topic for several years and that gap continues to expand. What is the manufacturing skills gap? The skills gap refers to the disconnect between the skills and knowledge that employers in the manufacturing industry require, and the skills possessed by the current workforce. The gap is created by several factors, including: An aging workforce Advances in technology Population growth is decreasing causing more competition for the available workforce Manufacturing is not often thought of as a career path Changes in the nature of manufacturing jobs. As older workers retire, they take their skills and knowledge with them, leaving a gap that is difficult to fill. At the same …

What Manufacturers Need to Know About Loss Control

Nina Conner Manufacturing

Q&A with Ryan Overly, Risk Control Consultant with Murray, an AssuredPartners company By Jenn DeWalt, Business Development Specialist, Murray This is the fifth and final part of a series on safety considerations for manufacturing companies: The first part of the series covered specific loss control considerations manufacturing companies need to consider regarding workers’ compensation and keeping their employees safe. The second part covered information on the top causes of loss in the manufacturing industry. The third part of the series covered valuable tips on keeping drivers and fleets safe. The fourth part covered details on both the virtual and online safety techniques that Murray offers for their clients. The fifth part of the series addresses specific risk management and loss …

What Manufacturers Need to Know About Loss Control

Nina Conner Manufacturing

Q&A with Ryan Overly, Risk Control Consultant with Murray, an AssuredPartners company By Jenn DeWalt, Business Development Specialist, Murray This is the fourth part of a series on safety considerations for manufacturing companies: The first part of the series covered specific loss control considerations manufacturing companies need to consider regarding workers’ compensation and keeping their employees safe. The second part of the series covered information on the top causes of loss in the manufacturing industry. The third part of the series covered valuable tips on keeping drivers and fleets safe. Almost $1.2 billion is paid out every week in our country for workers’ compensation claims.  Manufacturers in particular may be experiencing what often seem like small incidents, but those small …

9 Laws Poised to Reshape Trucking Regulations in 2023

Nina Conner Transportation

By Slawomir Platta for Risk & Insurance Nearly every business is subject to rules and regulations from federal and/or state agencies, and the trucking industry is no exception. With the health and safety of so many people at risk, it’s vital that truck drivers, as well as other commercial vehicles, adhere to the laws put in place to protect the public. The primary organization that oversees the trucking industry is The Federal Motor Carrier Safety Administration, or FMCSA. It is a division of the U.S. Department of Transportation. The FMCSA enforces nationwide rules, including the size and weight restrictions of different commercial vehicles, the number of hours truckers can drive in a specific time period, and proper labeling and delivery …

What Manufacturers Need to Know About Loss Control, Pt. 3

Nina Conner Manufacturing

Q&A with Ryan Overly, Risk Control Consultant with Murray, an AssuredPartners company By Jenn DeWalt, Business Development Specialist, Murray This is the third part of a series on safety considerations for manufacturing companies: The first part of the series covered specific loss control considerations manufacturing companies need to consider regarding workers’ compensation and keeping their employees safe. The second part of the series covered information on the top causes of loss in the manufacturing industry. Almost $1.2 billion is paid out every week in our country for workers’ compensation claims.  Manufacturers in particular may be experiencing what often seem like small incidents, but those small claims are certainly adding up. Ryland Overly, GSP, Risk Control Consultant from Murray’s Risk Management …

What Manufacturers Need to Know About Loss Control, Pt. 2

Nina Conner Manufacturing

Q&A with Ryan Overly, Risk Control Consultant with Murray, an AssuredPartners company By Jenn DeWalt, Business Development Specialist, Murray This is the second part of a series on safety considerations for manufacturing companies: The first part of the series covered specific loss control considerations manufacturing companies need to consider regarding workers’ compensation and keeping their employees safe. Almost $1.2 billion is paid out every week in our country for workers’ compensation claims.  Manufacturers in particular may be experiencing what often seem like small incidents, but those small claims are certainly adding up. Ryland Overly, GSP, Risk Control Consultant from Murray’s Risk Management team, offers information that can help those businesses in the manufacturing industry develop a better safety culture. Q: …

What Manufacturers Need to Know About Loss Control

Nina Conner Manufacturing

Q&A with Ryan Overly, Risk Control Consultant with Murray, an AssuredPartners company By Jenn DeWalt, Business Development Specialist, Murray This is the first part of a series on safety considerations for manufacturing companies: Almost $1.2 billion is paid out every week in our country for workers’ compensation claims.  Manufacturers in particular may be experiencing what often seem like small incidents, but those small claims are certainly adding up. Ryland Overly, GSP, Risk Control Consultant from Murray’s Risk Management team, offers information that can help those businesses in the manufacturing industry develop a better safety culture.   Q: Are there specific loss control considerations for manufacturing companies regarding Workers’ Compensation? A: Yes! While manufacturing companies are the same in some basic …

What Determines the Cost of a Surety Bond?

Nina Conner Bonds, Construction

By Sarah Licata for AssuredPartners The price of surety bonds can vary greatly, and many people are unclear of why this is. When determining premium, surety companies are looking to determine the amount of risk there is with an applicant by considering at a variety of indicating factors. Below are some key factors that may be considered when determining bond premium. Type of Surety Bond There are many different types of surety bonds and the type of bond required can vary in price. This is due to the fact that each surety bond guarantees a unique risk, and the level of risk the surety company is taking on is factored into the premium. In short, the higher the level of …