Brandon Basse’s Post

The Automotive Service Association® calls on the Oklahoma Legislature to oppose SB 1741, proposing daily storage rates from $24 to $70, significantly lower than market rates exceeding $100. These caps unfairly burden repair businesses, forcing them to absorb costs for storage delays. Despite claims of being a milder alternative to SB 1853, ASA argues SB 1741 still threatens the industry. It doesn't protect consumers but could prolong repair processes, favoring insurers. Scott Benavidez, ASA’s Board Chair, stresses the adverse impact on small businesses, urging legislators to reject SB 1741. #OklahomaLegislation #AutomotiveIndustry #SmallBusinessConcerns #AutobodyNews

The ATO has recently announced the car parking threshold for 2024/25. The threshold is fundamental to determining whether an employer has a car parking fringe benefit liability. Find out more in our article here https://lnkd.in/gPtepP_2 #fbt #carpark #threshold #ato #TaxSupport #car #employer

Under California law, auto insurers are required to verify vehicle mileage at least every three years, including current annual mileage and miles driven to and from work and/or school. The state requires insurers to collect this information so that they can price their policies according to a policyholder's risk and ensure that drivers who spend more time on the road pay a higher premium than those who drive less. Here's why it's so important to be honest when asked. https://bit.ly/4cBPVCg

Commercial auto is one of the areas where businesses are most vulnerable, especially if you are driving in areas such as Atlanta. I'm sure you have seen it all—whether it's the driver practicing for NASCAR or the car going 20 under the speed limit in the fast lane. Dangerous driving, combined with a challenging legal environment, has pushed insurance companies to increase rates and even exit states completely. Unfortunately, these trends seem to be continuing. It's very important that your agent is putting together a formalized plan to address these concerns to protect your business and employees on the road.

How will extending the age limit for mandatory #OEM parts coverage impact the collision repair industry in Rhode Island? The Rhode Island Senate has passed SB 2440, a bill that extends the requirement for insurers to cover OEM parts for vehicles up to 72 months old. This legislation is now awaiting approval from the House and the governor’s signature. Find out more about this critical legislation and its potential effects. #RhodeIslandCollision #AutoInsurance #OEMCoverage

Auto Liability Premiums are on the rise Here are the top 5 reasons why: 1. Increased Accident Severity More severe accidents, often caused by distracted driving and higher speeds, lead to larger claims. 2. Rising Repair Costs Vehicle repair costs have surged due to supply chain disruptions, higher parts costs, and more complex vehicle technology. 3. Higher Litigation Costs Legal expenses and larger settlements in accident cases have increased, making insurance companies adjust premiums to cover these growing costs. 4. Driver Shortages: The shortage of experienced drivers, especially in industries like trucking, has led to higher accident rates. 5. Technological Complexity: Advanced vehicle safety features, while reducing some risks, are expensive to repair or replace.

'Omnibus Clause: What It Means, How It Works' What Is an Omnibus Clause? An omnibus clause is a provision in standard automobile liability policies that extends coverage to individuals not named in the policy. The omnibus clause applies to individuals who are authorized to use an insured vehicle. As long as the individual has permission to drive the car, they are covered by the omnibus clause. source: Investopedia #data #Literacy_🙏🩵♾️ #Investments 🌐

Aftermarket motorcycle modifications can cause significant headaches if you haven’t taken the proper steps to insure and certify your vehicle. Failing to alert your insurer to modifications could void your insurance. In this blog post Brad Moscato, Partner, outlines the common types of aftermarket modifications motorcyclists tend to make to their vehicles, explain why communication with your insurer about these alterations is so important, and suggest what may happen if you haven’t kept your insurer apprised of these changes. Full blog here: https://bit.ly/4bX0yPx

This article brings up a very relevant point. There have always been risks involved in manufacturing, storing, and transporting batteries. Lithium-Ion batteries required special handling when all they powered were toys, small electronics, and watches. Now that they are making exponentially bigger batteries to power cars and machinery, how are carriers prepared to contain these events and protect other cargo as well as the vessel itself? #lithiumionbatteries #oceanshipping #freightforwarding #insurance

Is your business driving into trouble? Whether you have one staff member or 1,000, driver and vehicle compliance is not something your business can leave to chance. The financial and reputational implications of letting an employee drive illegally can be severe. The 1988 Road Traffic Act makes you liable if you encourage or permit an employee to drive without the correct licence, with further legal requirements for defective vehicles, or not having an MOT or business insurance. With TTC, you get peace of mind. We verify all your drivers’ licences, check owner-drivers are insured for business and make sure grey fleet vehicles are taxed and roadworthy, so you don’t have to. Explore our compliance products here https://buff.ly/3xXhcjC #vehiclecompliance #licencechecks #businessinsurance #greyfleet