TRENDS IN COMMERCIAL AUTO INSURANCE

TRENDS IN COMMERCIAL AUTO INSURANCE THAT ARE EMERGING IN THE INDUSTRY

 

  1.  Increased Use of Telematics: Many commercial auto insurance providers are leveraging telematics technology to track driver behavior and improve safety. This technology can help identify risky driving behavior, such as speeding or harsh braking, and allow companies to take proactive measures to prevent accidents and reduce claims.

  2. Rising Rates: Commercial auto insurance rates have been on the rise in recent years, due in part to an increase in accidents and claims. Some providers are also re-evaluating their risk and adjusting their rates accordingly.

  3. Focus on Driver Safety: Many commercial auto insurance providers are placing a greater emphasis on driver safety and providing resources to help companies improve their safety culture. This includes offering training programs, safety tips, and other resources to help drivers stay safe on the road.

  4. Cybersecurity Concerns: As commercial vehicles become more connected, there is an increased risk of cybersecurity threats. Commercial auto insurance providers are starting to offer coverage for these types of threats, such as hacking or cyber-attacks.

  5. Alternative Insurance Models: Some commercial auto insurance providers are exploring alternative insurance models, such as usage-based or on-demand insurance. These models allow companies to pay for insurance based on the actual amount of driving they do, or on a per-trip basis, which can provide cost savings and more flexibility.

These are just a few of the trends in commercial auto insurance that we are seeing in the industry. As technology and other factors continue to evolve, we can expect to see even more changes and innovations in this space.

DOES YOUR BUSINESS HAVE AN EASY TO USE EMPLOYEE BENEFITS PLATFORM?

Employee benefits are an essential part of attracting and retaining top talent in today's competitive job market. However, managing employee benefits can be a complex and time-consuming process for employers and HR teams. This is where our JHB Employee Benefits platform comes in as the ultimate platform.

Our Employee Benefits Platform is a cloud-based platform that streamlines the administration of employee benefits. It provides a comprehensive solution for employers and HR teams to manage all aspects of employee benefits, including enrollments, renewals, communication, compliance, and more.

Here are some of the benefits of using our employee benefits platform as your employee benefits platform:

Easy Enrollment Process

Simplifiy the enrollment process for both employees and HR teams. Employees can easily enroll in their benefits through an intuitive self-service portal. HR teams can efficiently manage enrollments, make changes, and add new employees to the system.

Improved Communication

Creates a centralized platform for employers and HR teams to communicate with employees about their benefits. The platform allows employers and HR teams to send targeted messages to employees, create custom communication campaigns, and track employee engagement.

Enhanced Compliance

Help your HR team ensure compliance with federal and state regulations. The platform provides alerts and notifications to keep HR teams up-to-date with regulatory changes. It also includes features to help HR teams comply with ACA reporting requirements.

Customizable Benefits

Customize benefit plans for your employees by creating benefit packages tailored to their employee's needs and preferences. The platform also provides tools to help employees compare and choose the best plans for their situation.

By using Employee Employee Benefits Platform, employers and HR teams can efficiently manage employee benefits and focus on other critical tasks.

If a tree falls, who's responsible?

Storms are just one cause of downed trees that damage property. During strong storms, we have had several clients ask if a tree falls, am I responsible?

Fallen trees and branches are a significant cause of damage and power loss after a thunderstorm rolls through. But if a neighbor’s tree falls on your property and causes damage, who is responsible?

In most cases, it’s your homeowner policy that will cover the cost of the damages, subject to the policy’s coverage language. At first, that may not seem fair. But reverse the situation: What if YOUR tree fell on your neighbor’s yard causing damage? Your neighbor would be responsible for the repair and cleanup of the property.

Keep in mind that lightning or wind isn’t anyone’s fault; it’s just an act of Mother Nature.

However, Mother Nature may not always be in charge. In those cases, responsibility may be with the tree’s owner. For example, if your do-it-yourself neighbor attempts to cut down the tree and is negligent in the process, your neighbor may be responsible for damage to your property. In addition, if the tree was diseased and your neighbor was aware of its condition in advance, this could create a level of negligence that could make them liable. Of course, the same would be true for you if your tree happened to fall on their property.

The best recommendation is to carefully inspect the trees on your property and take action to prevent hazardous conditions. Consider hiring a professional arborist who can detect diseased trees or trim dead branches that could fall and cause damage.

We’re HIRING: Client Support Specialist

We are looking for client support team members to assist our operations leaders in the areas of commercial risk, human capital, stop-loss, personal risk and benefit technology. You will help manage tactical services directly impacting clients on a daily basis. In this role, you should be well-organized, adaptable with an ability to learn. Attention to detail and communication skills are both essential. If you also have a willingness to learn and grow, we would like to speak with you. Your goal will be to ensure we provide excellent service to our customers.

Responsibilities

  • Act as a contact for day-to-day service requests from clients or operations leaders

  • Develop client presentations and request for proposals (e.g. proposals, slides, analyses)

  • Create/analyze spreadsheets for client projects

  • Assist in placing coverage on behalf of clients

  • Assist in distributing client essential

  • Answer phone calls from clients to assist with policy questions

  • Coordinate with internal teams and vendors

  • Monitor project progress, timelines and deliverables to operations leaders

  • Submit regular status reports

  • Maintain data and records in appropriate systems

  • Support all company established policies

Requirements

  • Ability to take workflow from multiple leaders

  • Proficient in MS Office, PowerPoint and Excel

  • Excellent communication abilities (oral and written)

  • Attention to detail

  • Outstanding organizational skills

  • Ability to work under pressure

  • Desire to learn new skills

  • Alabama insurance license (bonus for license, will be job requirement within first 90 days)

Compensation 

  • Salary – TBD based upon experience, represents 80%-90% of total cash compensation

  • Performance Bonus – Based upon achievement to measurable goals: 10%-20% of total cash compensation

  • Company Benefits – Medical, Dental, Vision, Life, Disability

  • Retirement – 401k

  • Holidays – 10 days (8 pre-determined, 1 floating,1community service)

  • PTO – 10 days / year (eligible for 5 days after 90 days employment, additional 5 days after 270 days employment)

  • Additional Benefits – Food delivery, gas service, car wash, dry cleaning, celebration Friday lunches

  • Educational Benefits – full support to learn new skills; bonuses for achievement of licenses

  • Community Support – 2 half paid days to work within the community supporting charitable organization

Working Conditions 

  • Office Hours – Standard hours 8am-5pm (Mon-Fri), flexible to support personal/family/life requests

  • State of the art office, in cubical

Career Path

The client support team member position is established to allow growth based upon the associate’s desire to support additional responsibilities while increasing his/her knowledge and skills. This can lead to divisional or operational lead and/or production if the associate’s goals can be supported by JHB.

Contact us at info@jhbrisk.com to apply.

If you can dream it, do it.

On Aug. 28, 1963, the Rev. Martin Luther King Jr. delivered his “I Have a Dream” speech from the steps of the Lincoln Memorial.

Each quarter our team meets to review the previous term and to establish goals for the upcoming. Our President, Chris Hartnett, ended the meeting by asking us what our dreams were for 2020 and reflecting on Rev. Martin Luther King Jr.’s.

PEOPLE. SERVICE. RESULTS