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How do I insure my auxiliary power unit?

Physical damage coverage is provided when auxiliary power units (APUs) are permanently attached to a tractor; however, the value of the APU must be included when determining equipment values for insurance coverage. At the time of a total loss, the APU is surrendered because it is included in the salvage value of the tractor. APUs can be insured separately on an inland marine floater policy. This allows the APU to be insured with an optional lower deductible and provides the flexibility to remove the unit from the tractor at the time of a loss when no damage occurs to the

What is a Constructive Total Loss?

A Constructive Total Loss (CTL) is a loss in which the item insured is not totally destroyed but is so severely damaged that the insurance company considers it uneconomical to repair. The insured item will be totaled-out and the title surrendered to the insurance company. Often, a loss equal to 50 or 60 percent of the stated value of the item is considered a CTL. This means that it is important to accurately state the value of insured items to avoid taking a personal loss in a CTL situation. Here’s an example of a possible CTL: Jeff purchased two new

Workers’ comp vs. Occ Acc: what’s the difference?

Workers’ compensation is a state-regulated program, and is required of employers who employ three or more employees at any one time, or employ one or more employees for 35+ hours per week for 13 or more weeks by law in most states. It may cover wage-loss benefits, medical treatment, and rehabilitation—related medical expenses—for employees who suffer a work-related injury or illness. Workers’ compensation also includes employer liability coverage, which may provide protection to an employer if an employee sues the employer in indirect relation to a workers’ compensation claim, often covering legal defense costs, up to the policy limits. Workers’

Pre-Employment Screening

The Federal Motor Carrier Safety Administration (FMCSA) launched its Pre-Employment Screening Program (PSP) to allow commercial motor carriers to access driver inspection and crash records as part of the driver qualification and hiring process. Learn more about this national database in this data sheet. Read more by viewing the attached PDF. [button link=”/wp-content/uploads/2014/05/Pre_Employment_Screening.pdf” size=”medium” target=”self”]View PDF[/button] Pre Employment Screening

Occupational Accident Insurance

It is the third most common insurance policy purchased by owner-operators. It provides medical, disability, accidental death, and dismemberment benefits, but it’s not worker’s compensation. What is it? Learn more and check out the case study by downloading our PDF.

Independent Contractor or Employee

The issue of whether an individual may be classified as an independent contractor or employee is increasingly becoming a challenge. Some states are pressuring employers to justify classifications. Learn more by reading this data sheet about the issues. Read more by viewing the attached PDF. [button link=”/wp-content/uploads/2014/05/Independent-Contractor-or-Employee.pdf” size=”medium” target=”self”]View PDF[/button] Independent Contractor or Employee

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