Last-Minute Insurance Shopping We all know the consequences of ‘’last-minute shopping’’…we always end up paying too much! Shopping on the Eve of Christmas, Valentine’s Day, or any other Special Occasion rarely produces the best gift and never the lowest cost. Insurance is no different. In fact, with insurance, waiting until the “last-minute” often costs much, …
A reflection on the insurance industry in 2019 from President of DealerRisk Services, Steven P. Gibson. As we near the close of 2019, there are some industry trends of note: Markets in Disarray Inventory Market Umbrella Market Premiums on the Rise Commercial Auto/Garage Property First, let’s address the premium increases as this market segment is …
Reviewing your Cyber Coverage October is National Cyber Security Awareness month, making it a good time to review your internal controls and your coverage. You DO have Cyber coverage…Right? It amazes me as we travel the country speaking with Dealers how many have not yet purchased Cyber coverage. Dealers have a tendency to want their …
Over the past 2 months we have reported several claims regarding insufficient insurance coverage carried by Vendors/Subcontractors. In two instances, the claims involved companies contracted to transport vehicles for the Dealerships. Car Haulers??? Yes! Dealers are normally in tune with the dangers of underinsured contractors regarding building and/or grounds maintenance. They even scrutinize Certificates of …
Gunman Kills 2 Dealership Employees in Morgan Hill, California Events like Tuesday’s shooting at a California Ford Dealership touch the hearts of all of us. We are saddened by the senseless loss of life and grieve for the families affected. As Dealers, this hits far too close to home. It should be an alert to …
