Electric scooters are popping up in cities across America, but they have been popular in Europe for years. We are at the beginning of this new form of personal transportation, which creates a few questions regarding risk, liability, and insurance coverage.
Scooter usage Facts (Forbes)
Insurance companies are busy trying to figure out who is liable in the event a scooter injures someone. What if the scooter rider injures someone while on the job, will the injuries be covered under workers' compensation? Will liability be the responsibility of the employer’s insurer? Many insurance policies may not address scooters specifically. Depending on the circumstances, some electric scooter-related injuries may be covered, while others may not.
Right now, most insurers will not cover scooter crashes. Auto insurers also will not cover scooters, as they are not defined as an automobile. Scooter companies have strict waivers that are included in the rental agreement limiting any liability to the rental companies. One company offers a $1,000,000 liability policy, but all claims would be subject to extensive investigations.
Most legal experts agree that riders will bear the legal liability arising from accidents because of the terms to which the rider agrees to when downloading the app. The laws, the courts, and the insurance industry are often slow to respond to new technology, and this may be the case with electric scooters. Relatively few laws specific to electric scooters have been passed.
We recommend you contact your insurance agent to discuss if your personal insurance provides any coverage, or if you need to add coverage to your program.
Drones and Insurance
The Federal Aviation Administration (FAA) released guidelines on the use of drones for commercial and personal use. Many businesses are considering, or actually using, drones as part of their business. Just a few drone applications include real-estate sales and appraisals, making commercials, construction projects, and even security.
Most drone users have little or no aviation experience, so even if you follow the regulations and the laws, you might experience a pilot error or unplanned equipment failure. With some models tipping the scales of up to 55 pounds, rogue drones can pose a significant threat to people and property—and to your personal liability. That is why it is smart to add an insurance review to your pre-flight checklist.
Here is a link to the FAA rules
Here Are Some Things to Know
Each insurance policy is different. But generally, your homeowner’s insurance may not cover your liability if your drone causes a covered loss. It always pays to check with your agent.
Every year auto manufacturers come out with new technology that improves the operation of their vehicles.
There is no question that self-driving cars are in our future, and there are many questions that come with this kind of technology. A transport scholar at the University of Minnesota believes that by 2030, every car on the road will be driverless. According to another expert source, the Insurance Institute for Highway Safety, there will be 3.5 million self-driving vehicles on U.S. roads by 2025, and 4.5 million by 2030.
Most states have already enacted legislation or executive orders around legal issues involving self-driving cars.
Key Issues around Self-Driving Cars
While these are responses from large corporations, we take away many applications for medium and small businesses. Here are some of the risk issues for 2021. According to a recent AMEX survey, 92% of businesses pivoted last year, and 76% of small businesses believe they will need to pivot again in 2021. The 2021 pivot may have a different nature, however. 2020 pivots were mainly adjustments to shock changes in customer demands due to safety measures.
We represent, and have established a strategic alliance, with only the highest quality insurance carriers. In doing so, we can provide you with the service and protection to meet your dynamic needs. As your needs change, we can review and collaborate to decide which insurance company or companies are best suited to your situation.
Sources: Forbes, Insurance business
COVID-19 Safety For Your Business
Every business must have COVID-19 safety procedures in place in 2021. Helping your employees return to work safely and confidently during the coronavirus (COVID-19) pandemic is no easy task.
Employers must ensure social distancing for employees and customers, frequent and adequate employee hand-washing, and that sick employees stay home. Employers must also provide basic workplace hazard education about coronavirus and how to prevent transmission in languages best understood by employees. Your workers’ compensation insurer can offer tools and advice in this area.
Here are tips for your business to consider
Sources: Cleveland Clinic, CDC, & OSHA
Part of your business planning for 2021 should include an annual business insurance review. Your business changes, and so do your exposures. After you review some of these items, call our office, and we will be happy to discuss these and more with you.
It’s never been more important to partner with a broker that specializes in your business, understanding your unique exposures, with risk services capabilities and strong carrier relationships.
Why Complete a Business Insurance Review?
Items to Consider When Completing a Business Insurance Review
Have you added any new partners? There might be a need for life insurance.
As a business owner, you can ensure that your company is protected by keeping your general liability insurance, workers’ compensation insurance, and commercial auto policies updated to reflect changes in your business.