Addressing Farm Vehicle Risks Amid Labor Shortages

Posted on: March 25th, 2025 by Leaders' Choice Staff No Comments

Farm operators rely on experienced workers to handle grain trucks, tanker trucks, worker transport buses and vital machinery like combines, pesticide sprayers and planters. But an ongoing labor shortage is increasing risks, as less-experienced workers are stepping into these critical roles. The American Trucking Associations warns that a nationwide trucking shortage could exceed 169,000 drivers […]

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More Contractors Increase Deductibles to Reduce Insurance Premiums

Posted on: March 24th, 2025 by Leaders' Choice Staff No Comments

As construction projects become larger and more complicated, contractors are taking on more of the risk by increasing their builder’s risk insurance deductibles, according to a recent report. Michael Cusack, executive vice president of insurance broker Alliant Specialty, told Insurance Business magazine that contractors are willing to take on more of the risk as those that […]

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Businesses Struggle with Risk Protection Gaps

Posted on: March 17th, 2025 by Leaders' Choice Staff No Comments

Nearly half of middle-market businesses feel unprepared for key threats despite implementing various risk management strategies, according to Nationwide Insurance’s latest “Agency Forward” survey. The survey found that while 90% of businesses have formal risk management policies that are reviewed regularly, 21% lack a business continuity plan, leaving them exposed to potential disruptions that could […]

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Property Insurance Won’t Cover Mudslides, Landslides

Posted on: March 11th, 2025 by Leaders' Choice Staff No Comments

Businesses and homes located in areas that have been hit by wildfires have another risk they face after the fires subside: flooding, landslides, debris and mudflows. And these events are not covered by a standard business property or homeowner’s insurance policy. Areas affected by wildfires have a significantly increased risk of landslides, mudslides and mudflows […]

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Expect to See Surcharges on Your Policy for the L.A. Fires

Posted on: March 4th, 2025 by Leaders' Choice Staff No Comments

Even if you have a business or a home that was not affected by the recent wildfires in Los Angeles, you will likely see a surcharge to help pay for them on your next property insurance policy renewal. The state-run California FAIR Plan, which is the market of last resort when policyholders are unable to […]

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