Delaware Business Insurance update from CNC Insurance Assoc. Inc. " Top Causes of Fatal Injuries" 6-26-16

My last blog post discussed the increasing losses that are occurring in automobile insurance. Right on cue, OSHA released its top causes of fatal accidents and guess what? ,  it is auto.  According to OSHA and the US Bureau of Labor Statistics, 41% of all fatal  work place  injuries were caused by transportation losses, i.e. Auto losses.  Coming in a distant second is falls and trips at 17%.  This brings up a interesting risk management discussion. What is causing this ?  Is it more commercial vehicles on the road, or less capable drivers,  or even more impaired drivers?  Technological  distractions could also be the culprit (cell phones) .   Fleet safety incentives and programs that have been pushed by insurers, obviously are not improving loss ratios. Telematics and GPS monitoring is not helping either.
Only time will tell how this will play out. Insurance companies will want to see improving results or small business owners will be seeing higher rates.  Until next time be careful out there and know your risks.

G. Kevin Nemith President CNC Insurance Associates & The Small Business Insurance Center
Serving DE, PA, MD, VA, & NJ
www.cncinsurance.com
www.bizinsurancetv.org

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