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Tag: dealerships

State of the Dealership Insurance Market

The State of the Dealership Insurance Market

Featured Article in the NADC Defender October 2020 Newsletter If the year 2020 has taught us anything, it is that when times change, so must we–and times are certainly changing. The cost of dealership insurance is moving upward, and quickly. Without following the industry news, it may be hard to understand why. The following will …

Disaster Preparedness: Protecting Your Inventory from Hurricanes

Last year (2019) appeared to be a “mild” year from a weather perspective, but damage estimates, according to Accuweather, exceeded $22B. If Hurricane Dorian had kept its projected course and not moved further eastward, the destruction to Florida’s east coast corridor would have been devastating.

The State of the Dealership Insurance Industry 2020

Remember the lyrics of the old Bob Dylan song… “for the times, they are a changin’”… That is certainly true today as it has been a most unusual year for all of us! Everything in our world seems to have changed… including the insurance industry. All of which affect our bank accounts and profit margins. Our …

The Insurance Industry’s Response to COVID-19 and the Impacts on Dealerships

The Insurance Industry’s Response to COVID-19 and the Impacts it has on your Dealership The global impacts of Coronavirus, COVID-19, are far-and-wide. Organizations are being forced to make significant changes to their business models and supply chains overnight. Business travel has been restricted and many service industry businesses have taken steps to have their employees …