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Tag: Preparing

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.

Preparing for Your Dealership Insurance Renewal

I am often asked the question…’’How far in advance should I work on my Insurance renewal?  Thirty days prior to renewal, sixty days, ninety days out?”  My answer is always the same.  Begin working on it as soon as you bind the current year! Insurance is such a large expense that it needs (and deserves) …

What are Captives for Dealerships?

Dealers have been using off shore reinsurance companies to house their F & I business for years. So, why not use the same concept for the other insurance needs? While it’s true that Vehicle Service contract losses are limited in both time and value, and that Liability and Workers Compensation claims have a longer “tail;” …