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Delivering a load and picking a new one up at the same locations isn’t counted on by most truckers. Sometimes they drive hours to pick up cargo for the next leg of their trip. During this leg of the journey, the trucker is hauling an empty trailer, which is referred to as deadhead, or deadheading.
There is not much that is good, to say about deadheading. It is an unfortunate part of the job.
Drivers are exposed to increased risk. A significant increase in risk. Many driver training programs fail to prepare students for deadhead driving. The weight of loaded trailers creates a stabilizing force. The deadhead or empty trailer is significantly lighter, which can quickly become a sail if exposed to high winds. The tractor-trailer is a combined system, which was not designed to be operated without weight on the trailer. While deadheading braking systems do not operate as designed. During a deadhead leg, experienced drivers compensate in various ways.
Related Term: Bobtail references the operation of the tractor only.
The Commercial General Liability policy leaves several
liability exposures for contractors. The
General Liability policy doesn’t cover faulty work due to negligence, or to
damages to the work of the contractor.
Contractors E&O has been already, but until recently,
only limited options existed.
Contractors now have access to reasonably priced insurance that closes
some very significant gaps.
We repair what your husband fixed! #Plumbers Lives Matter
Insurance is a critical part of any small business. It protects customers, employees and your business when things go awry. Plumbers and other Artisan Contractors use insurance. There are multiple forms of Liability insurance. They can protect employees, clients or others that come in contact with your efforts. Contractors that own buildings or business personal property can utilize Commercial Property Insurance. Several construction-related trades, including plumbers, are subject to state licensing requirements. Part of the licensing process is to provide proof of insurance.
Commercial Insurance Snapshot:
Plumbing Contractors
Most contractors, including plumbers, have Commercial General Liability policies. The policy which is often referred to as CGL or GL protects when your actions cause bodily injury or property damage to another. These claims are normally settled by financial restitution to the damaged party. However, when necessary the insurance company may provide legal defense.
Plumbers need insurance.
Property insurance is another common form of coverage. This would be a recommended coverage for plumbers that own a commercial building. The Commercial Property Policy will also provide protection for business personal property. Covered items
Include
office furniture, equipment, machinery, inventories, and more.
Business
Income insurance protects you and your business. Following an insured property loss, the
coverage provides financial restitution to your business. A portion of
the lost income will be covered
during the term defined by the policy.
The
policies above may come as standalone policies.
But most small businesses can package the coverages with significant
savings. The packaged policy is referred to as a Business Owners Policy or BOP.
Plumbers need Contractors E&O Insurance
Other
coverages used by plumbers include:
•
Commercial auto insurance: Business Vehicles
•
Inland marine insurance: Property that moves from one job site to next
•
Installation floater insurance: Installed, Fabricated or Erected
•
Workers compensation: Covers employees’ medical costs and lost wages
Contractors E&O, it’s now more available, but still underused
Are you insured for Negligence?
Contractors Errors & Omissions insurance(Contractors E&O) is a form of liability coverage. The coverages can be crucial to many contractors, including plumbers. It is designed to protect from potential liability exposures arising from alleged negligence.
It covers the work of the insured, yours, which is something that would not be covered by the CGL policy, is now covered.
Why
haven’t I heard of Contractor’s E&O before now?
Errors
and omission coverage has been around for a long time. However, they have
focused on the service sector and health care businesses. Real estate agents, and insurance agencies
are examples of professional liability insurance users.
Another
example that most have heard of is Medical Malpractice.
Medical Malpractice Insurance
It is professional liability insurance for
Doctors, Hospital, and other medical sectors.
Professional liability insurance has been around awhile. it has not been widely available to small contractors. That’s due to the relatively low number of insurance companies willing to write the exposures.
Contractors E&O insurance has major gaps. The same is true regards General Liability. Put the two together and watch the gaps disappear.
With a mature market, there is no longer an excuse for retaining negligence related risk. Quality coverage at affordable premiums makes transferring the risk a relatively simple decision. Now plumbers, electricians, and several other specialty contractors can better manager their Liability exposures.
Why
do small contractors need Errors & Omissions coverage?
What will you do if your insurance agent suggests Contractors Errors & Omissions coverage? I would suggest that you listen. Before looking for excuses and justifications for not buying, listen! If you do, there is a very good chance that you will be thanking your agent when you’re done.
Adding Contractors E&O fills a large number of gaps in your General Liability policy. This alone makes the E&O attractive. But don’t forget, we live in a litigious world. We are all one bad day from having your world turned upside by a customer lawsuit.
Workers Comp is a form of insurance designed to assure that resources will be in place to assist injured workers. The injured employee receives replacement wages and medical benefits. The insurance provides protection for employment-related injuries.
Premiums paid for Workers Compensation insurance are not made by the employee. The employer bars 100% of the cost of Work Comp coverage. While there is no financial cost for employees, the cost is associated with their ability to sue.
I remember when auto insurance came in two flavors, state-mandated liability insurance or full coverage car insurance. Of which the latter, I am told, no longer exist.
25% of accidents due to texting and driving
Changes in the law, insurance options, and technology have
significantly altered how we buy car insurance.
But the combined impact of these factors pales in comparison to the litigious
state of America.
It seems every time you turn around, another legal exposure pops
up. In the US, cars are the leading
cause of injuries. With that said, it is
easy to comprehend that for individuals in Kentucky, the vast majority of our
exposure comes from our cars.
Kentucky car liability insurance seems to be more critical than ever before. And it’s not going away anytime soon. In the meantime, there are only a few things we can do to reduce our risk. The biggest impact will come by having a better understanding of insurance and how consumers can best acquire car insurance in Kentucky
Kentucky Auto
Insurance Law
Most Car Accidents: It’s the other dude’s fault
While the requirements vary from one state to the next, every state requires car owners to have auto liability coverage. A handful of states, including Kentucky are No-Fault states. As a No-Fault auto insurance state, auto owners in Kentucky must approach risk management differently than many of their neighbors. To start, Kentuckians must deal with Personal Injury Protection or PIP. Click here for more information on Kentucky’s No-Fault Insurance Program.
Kentucky Minimum Auto Liability Insurance Limits (Required Coverage)
Like other states, Kentucky has mandatory minimum auto liability limits, with minimum limits for Bodily Injury and Property Damage. In 2018 Kentucky raised the requirement for auto liability insurance. Additional information can be found at:
Base auto insurance is composed of the mandatory liability coverages above and the following three optional coverages.
• Collision: The result of a vehicle colliding with a car or other object
• Comprehensive: Other than collision
• Uninsured motorist and underinsured motorist: pay for your injuries when the at-fault driver has no insurance or has insufficient insurance limits.
Some of the coverages below may be beneficial to you. Others may eliminate significant gaps in your
current insurance policy. This list
intends to generate discussions. These
coverages vary among insurance companies.
Make sure to understand the coverages and limits
• Road Side
Assistance
• Rental Car
• Rental Car Gap
Coverage:
• Additional
Expense
• Loan Gap/ Lease
Gap
• New Car
Replacement
• Reduction in
Value
• Identity Theft
• Re-Keying
• Cell Phone
Coverage:
• Non-Owned
Trailers
• Trip Interruption
Coverage
• …and more
TruePoint Auto Insurance Insights
Your insurance company, Mother Nature, and you; each have an
impact on your insurance premium. But
before you can have an impact on your car insurance premium, it’s vital that
you understand the factors you need to address.
Stop leaving money on the table
Insurance companies are perpetually reconsidering the nature
of every risk that they insure.
Accounts flagged as high risk will experience more rapid premium
increases and in some cases, may be non-renewed.
Clients deemed conservative or lower risk experience the
opposite as insurance companies make every effort to retain that business. If you seriously want to stop leaving money
on the table, then this is important to you.
The first step is to understand the characteristics of a low-risk
account, then mimic them.
Factors that influence auto insurance premiums
Life Happens, and when it does it can Impact Auto Premiums
• Age: Younger and older drivers pay more for
car insurance
• Household: More drivers in the home can lower rates
• Location: State, city, zip. Each impact premiums
• Education: Education is a factor in some states (Prohibited Practice in Kentucky)
• Financial:
Insurance Score, which includes Credit Score, is a significant component
• Vehicle: The type of vehicle, sports cars may lead to a higher premium, vehicles with a high GVW will!
• Tickets: DUI’s & Reckless Driving create
substantial problems, but minor violations add up
• Accidents Impact varies due to cause, severity, past
driving record, and other factors
#Your Actions Matter Protect everyone in your home, and save money on your auto insurance
• For insurance
companies, Conservative is King! Avoid
anything that appears radical or aggressive.
Think Mr. Rogers. Gen X, think
Barney.
• Check tire
pressure, tread and sidewalls regularly
• Confirm that
headlights work on both dim and bright
• Regularly check taillights,
brake lights and turn signals
• Encourage drivers
education and safety for all household members
• Zero Tolerance
for Distracted Driving
Stop leaving money on the table Take advantage of discounts offered by Insurance Companies
• There are several ways to reduce the cost of
auto insurance. Program availability and
savings vary based on Insurer.
• Some of the most
significant discounts are available to those that can qualify for any of the
following: Safe Driver, Multi-Policy, Continuous Insurance, and Good Payer
discounts
• Don’t worry if
you didn’t qualify for any of the previous programs. There are still a lot of
ways to save. Savings associated with
this group range from the high single digits to low double digits. Early Quote, Multi-Car, Driver Training,
Good Student, and Paid in Full Discounts
• New Car, Home
Ownership, Student at School, and Hybrid Vehicle Discounts:
These are a few of the more commonly offered discounts
To understand insurance one must first grasp the principle of indemnity. The theory is applied to insured losses and seeks to provide fair compensation. Fair compensation to parties, the insured and the insurance company is required. Resolving most losses is unambiguous. Others test the service skills of the insurance agency and require both the insurance company and the insured to commit to the principle of indemnity.
A cornerstone for insurance, the principle of indemnity
requires that an insured may not be compensated more than there economic
loss. The insured cannot profit from a
loss. If losses became a way for policyholders
to generate profits, then insurance companies would become subject to adverse
selection. This in the quickly cause
insurance premiums for all property and casualty policies to rise.
There are two coverages that protect your vehicle if it is damaged. Collison coverage covers accidents that occur when your vehicle collides with another vehicle or object such as a fence, mailbox or tree.  Comprehensive insurance covers your vehicle when the damages result from other than collision. Comprehensive coverage may be referred to as other than collision coverage.
Examples of Comprehensive Coverage
If your auto insurance has comprehensive insurance then you
will be protected in the event your car is stolen or vandalized. Comprehensive or Comp coverage will also
protect you from Mother Nature. Damages
caused by wind or hail storms are covered by Comp. The coverage will also protect you from fire,
flood and wildlife, such as deer.
Comprehensive is not a standard feature
While not included with a standard car insurance policy, the
coverage can be included. While many
drivers choose to include this coverage, adding it should be a decision for the
insured. We advise clients to consider
the cost of the coverage relative to the value of the car before decided to add
or waive the option.
Louisville, Kentucky home to the fastest two minutes in sports
Louisville, Kentucky is known around the globe for being home to the fastest two minutes in sports. Similarly, TruePoint Insurance in Kentucky is known for rapid real-time, online, insurance quotes.
TruePoint, home of the most enjoyable five minutes in insurance
We often find ourselves boasting that our real-time online quotes are the most enjoyable five minutes in insurance. While this may sound like hype, we can support our claim. Typically online quotes are anything but online quotes. If you don’t believe me, go ahead and give it a try. Take the next 10 to 15 minutes of your life and complete the online form. When you have reached the final page, what do you see? Or should I ask, what don’t you see? Probably not a quote.
What makes our quotes different?
Insurance Quotes: Online and in Real-Time
You have set your self up for 4, 8, maybe even 12 calls over the coming days. Insurance agents all hoping to give you what the original ad promised; an insurance quote. Why did you go online for your insurance quote?
Convenience, the promise of information at a time that fits into your busy day.
Insurance Agents, If you have ever tried to buy insurance, you get this one.
Odds are, you were trying to avoid talking with an insurance agent. You are going to get pretty frustrated. Now, instead of one insurance agent, there will be a dozen.
TruePoint online quotes recognize your needs and time constraints. When you finish our online form you will have a quote for your car insurance, home insurance or maybe a quote. More importantly, we’ve made the agent disappear.
Ok, so the thing about the agent disappearing is our Hype! But the truth is, the ball is in your hands. To issue a policy you will need to talk with an agent.
What horse won finished first in the 2019 Kentucky Derby?
Ok, maybe we are not as well known as the derby, but we give you real-time home and auto insurance quotes without a Racing Steward. That doesn’t make us the best insurance agency for everyone, but with our customer-focused approach, the number two agent isn’t going to beat us.
While others are spending their time trying to make insurance interesting, we are making every effort to simplify the process by putting information at your fingertips. Instead of trying to make insurance exciting, our client portal places all your important insurance information in one convenient location giving you more time for things that are a little more exciting than insurance.
While some might disagree, we know that insurance is ready for Prime-Time and our clients can attest to that. While others are taking time away from their work or otherwise busy schedule, our clients are interacting with us through our online client portal. While others are watching Dancing with the Stars, our clients are online adding their new car to their insurance policy.
It’s that simple. Our client-focused approach is how we Justify asking you for your business.
If you serve alcohol, you need liquor liability insurance
Today we measure the amount of alcohol used in drinks by the
shot. But in colonial America gin and
other alcoholic drinks were measured in unit shared by apothecaries. This
measurement was known as a Drachma or Dram.
Dram Shop Liability Insurance, more commonly knowns as Liquor Liability Insurance is the insurance vehicle used to transfer liquor-related liability that is a part of serving or selling alcoholic beverages. This coverage provides protection against serving intoxicated individuals or minors.Â
Protect yourself from intoxicated guests.
When individuals drink too much they not only pose a risk to themselves, they are also a threat to others. As an owner of a restaurant and bar, you have potential financial exposure if you allow intoxicated patrons to drive.Â
Alcohol at weddings: Step 1, hire a qualified bartender.
But bars and restaurants aren’t the only places that you will find liability associated with alcohol.  Liquor Liability can show up at casinos, sporting venues, and even the office Christmas party. Individuals are not exempt for this exposure. Graduate parties, reunions, and even your wedding could be marred by the actions of an over-served guest.Â
Liquor liability insurance will help you reduce your exposure should an unfortunate event occur. But your first and best way to reduce your personal exposure is to hire a professional bartender. Pouring drinks is the easy part of bartending, not pouring one to the wrong person is the real job.
Fisherville, KY is known for its beautiful weather. Whether you’re visiting or living in the area, you are sure to enjoy any of the four seasons. During the warmer weather, there’s nothing better than exploring Fisherville by taking a motorcycle ride. Regardless of the time of year that you’re riding, though, it’s pertinent to be as safe as possible. TruePoint Insurance is here to keep you as safe as possible when riding your motorcycle, which is why we’d like to share a few safety tips with you.
Always look both ways
Motorcycle drivers and riders have to be extra careful when coming to intersections. Even when all other drivers on the ride are being safe, it’s still quite easy not to see a motorcycle. This is why you as the motorcycle driver should take extra precaution when going through an intersection. Even if you have people behind you waiting to turn or go through, make sure to take an extra second or two to look both ways several times before you go through the intersection.
Get motorcycle insurance
Motorcycle safety also includes having proper insurance. To hold insurance on your motorcycle, you will need to provide proof that you have a legit motorcycle driver’s license or permit. It’s during your training to get a motorcycle driver’s license that you will learn the ins and outs of motorcycle safety.
If you would like to learn more about the many ways you get to stay safe on a motorcycle, make sure to contact TruePoint Insurance serving the Fisherville, KY area. Our agents are ready to keep you safe while meeting all of your motorcycle insurance needs.
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Louisville, Kentucky home to the fastest two minutes in sports
