Podcasts about insurance agents brokers

Renewing the insurance on a commercial motor vehicle, especially a semi-truck, is more involved than it is on a personal vehicle. For most small trucking companies, insurance is usually your highest fixed cost and in the top five of all your expenses. It's important to make sure you are getting the best bang for your buck when it comes from insurance. I just went through the renewal process for Haulin Assets and want to share some of what I learned. What To Expect From Episode 47 During this episode we are going to explain how truck insurance works and answer some important questions. How truck insurance works is complicated, and understanding who is involved and their roles will make you a much smarter shopper. Insurance Agents/Brokers - These are the people you talk to when you are looking for insurance. In most situations, they represent several different insurance companies. Insurance Companies - These are the people who actually provide the insurance and pay the bill if there is a claim. Underwriter - These are the people who take a deep look at your company, determine the risk, and price your policy. They sometimes work directly for the insurance company, but sometimes they are independent and represent several different insurance companies. In this case, they are typically what is called a General Agency. Here is a list of most of the questions we answer during this episode. Can I expect my insurance cost to change? What are the main factors that affect cost? Years in business FMCSA SAFER Scores (Hours-of-service violations, vehicle maintenance) Here is the link to the public system. Here is the link to the FMCSA portal where you can log in to your company-specific information. Safe driving habits (Driver Motor Vehicle Records) Accident and cargo claims Should I shop around? The answer is a little more complicated than you think. Yes, you should, but you need to be smart about it. Make sure you get a copy of your loss runs. This is a critical item; you can't skip it, and it usually takes about a week. We give you some tips on how to get them. When should I start shopping? What information should I give to each agent?

https://player.vimeo.com/video/308818936https://www.currentfederaltaxdevelopments.com/podcasts/2018/12/30/2018-12-31-lump-of-coal-for-real-estate-agents Loan Adviser Found Not Liable to Repay in FINRA Treated as Ordinary Income from Debt Forgiveness IRS Raises Values Dramatically on Vehicles Eligible for Cents-Per-Mile and Fleet-Average Valuation Rules Safe Harbor Issued on Charitable Contribution Credits Related to a Trade or Business Revenue Procedure Issued to Deal with ADS Issues for Electing Farm and Real Property Businesses IRS Publication Indicates Real Estate Agents/Brokers and Insurance Agents/Brokers are in a Specified Service Trade or Business

This week we look at: Loan Adviser Found Not Liable to Repay in FINRA Treated as Ordinary Income from Debt Forgiveness IRS Raises Values Dramatically on Vehicles Eligible for Cents-Per-Mile and Fleet-Average Valuation Rules Safe Harbor Issued on Charitable Contribution Credits Related to a Trade or Business Revenue Procedure Issued to Deal with ADS Issues for Electing Farm and Real Property Businesses IRS Publication Indicates Real Estate Agents/Brokers and Insurance Agents/Brokers are in a Specified Service Trade or Business Proposed Regulations on Treating Sale of Partnership Interest as Effectively Connected to US Trade or Business IRS Announces Plan to Issue Regulations on Two Special Enforcement Matters Under CPAR, as Well as CPAR Final Regulations Annual Disclosure Revenue Procedure Updated by IRS Copyright 2018, Kaplan, Inc.