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Brightstone Blog

Commercial Driving and Opioids, Are Your Drivers at Risk?

Posted by Brightstone, A Risk Strategies Company on 10/9/17 2:30 PM

 In today’s transportation industry, it’s not easy to ensure that managers have a chance to observe drivers before they start their shifts. But if you don’t, do you open yourself up to chance – and liability for negligent supervision? 

Impaired driving isn't just a consumer-driven issue, commercial vehicle impaired driving is on the rise, including Opioid use.  In fact, opioid abuse is on the rise and it CAN take down your drivers and damage your business.

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Topics: Insurance News & Trends

Trending Topics & Market Conditions, Ask the Experts

Posted by Brightstone, A Risk Strategies Company on 10/3/17 9:38 AM

 

2017 has been a frenetic year for the same-day delivery world, both from an e-commerce standpoint, as well as the shifting commercial insurance landscape and its impact on policy holders.  In a recent interview, Brightstone/Risk Strategies Company's Bryan Paulozzi and Brian Jungeberg, addressed some trending topics impacting today's courier world. 

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Topics: Insurance News & Trends

Your Role as a Trustee: If called, Will You Be Ready?

Posted by Brightstone Insurance Services on 9/27/17 10:49 AM

 

Over the years, many of our clients have been or will be a trustee, charged with managing someone’s assets after he or she dies. While a great honor, the trustee role is a demanding one, and few start out with all the skills and experience required to perform the role, even with the best of intentions.

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Topics: Personal Insurance Protection

Insurance Trends for Logistics and Delivery Companies

Posted by Brightstone Insurance Services on 8/22/17 10:55 AM

This article originally appeared in the November/December 2016 edition of Courier Magazine. Click here for the full issue and article (found on page 11).

It continues to be a rocky road for the same day delivery and courier industry, as a record number of insurance carriers are exiting the logistics and transportation space due to what's known as, 'Nuclear Verdicts.' 

Brightstone / Risk Strategies Company's Peter Schlactus recently sat down with CLDA, Customized Logistics & Delivery Association Director of Public Relations, Andrea Obston for a Q&A, examining the present and future state of this ever-changing landscape.     

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Topics: Courier / Delivery Insurance

How "Nuclear” Verdicts Are Driving Up Insurance Costs for the Delivery Industry

Posted by Brightstone Insurance Services on 8/3/17 9:00 AM

Editor's note:  This post has been updated to include up-to-date information and resources.

“Nuclear” verdicts — sounds scary, right? Well, if you’re in the delivery industry, it’s not only scary, it’s a reality that may be costing your business major bucks (and headaches).

Over the last few years, an uptick of high-profile accidents involving commercial trucks has resulted in a series of large settlements where insurers were forced to pay tens to hundreds of millions of dollars to accident victims and their families.

These "nuclear" verdicts have carriers thinking twice about insuring trucking fleets, which results in fewer insurance options and increased premiums for delivery businesses.

Below, we discuss the shifts seen in the insurance market and how it impacts delivery businesses like yours. 

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Topics: Courier / Delivery Insurance, Brightstone News

Understand the Safety Risks of Distracted Driving

Posted by Brightstone Insurance Services on 7/5/17 11:10 AM

Same day delivery couriers aim to transport products from point A to point B in the fastest, most convenient way possible. However, business owners who offer expedited courier services must prioritize the safety of their mobile employees, as well as the safety of other drivers on the road.

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Topics: Courier / Delivery Insurance, Insurance News & Trends

Key Challenges in the Home Delivery and Last Mile Delivery Insurance Market

Posted by Brightstone Insurance Services on 6/28/17 2:34 PM

Business is booming for the home delivery and last mile delivery industry, and so are the changes and challenges affecting how you manage your business.

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Topics: Courier / Delivery Insurance, Insurance News & Trends

Cargo Risks - Part 2 of 2

Posted by Brightstone Insurance Services on 6/12/17 10:53 AM

Editor's note:  This post has been updated to include up-to-date information and resources.

From electronics and jewelry to mission-critical parts and pharmaceuticals, high-risk deliveries are commonplace in today's marketplace.  Couriers are transporting more types of high-risk cargo and according to numerous industry studies professional cargo thieves are becoming more brazen and sophisticated each year.

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Topics: Courier / Delivery Insurance, Risk Management

Cargo Insurance, What Are The Risks?  Part I of 2

Posted by Brightstone Insurance Services on 6/5/17 1:11 PM

 

Editor's note: This post has been updated to include up-to-date information and resources.

It's the phone call no courier owners want to hear, but it happens more than you might think.  As a business owner in the same day delivery world, courier cargo risks and insurance must be top-of- mind.  Depending upon your business practices and cargo insurance, the degree of risk you carry can vary greatly.  

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Topics: Business Insurance, Risk Management

Don’t Become a Statistic: Common Courier Claims to Avoid

Posted by Brightstone Insurance Services on 3/22/17 11:28 AM

Editor's note: This post has been updated to include up-to-date information and resources.

There are lessons to be learned from real-life courier losses and associated insurance claims. Below, we offer three examples of common claims and outcomes to help courier owners like you avoid these potential “potholes” and develop better risk management strategies.

The following are portrayals of actual scenarios and claims, although courier identities have been concealed. Learn from these all-too-common mistakes.

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Topics: Courier / Delivery Insurance, Risk Management