Scott Provost - Lux Insurance Agency

Scott Provost - Lux Insurance Agency Scott specializes in a variety of insurance and risk management solutions for commercial clients.

He is a dedicated insurance professional that works with clients to understand their risks and builds custom programs designed specifically for your needs.

"Commercial auto insurance hasn't turned an underwriting profit since 2010"Yikes! Rates are STILL going up across the bo...
05/17/2022

"Commercial auto insurance hasn't turned an underwriting profit since 2010"

Yikes! Rates are STILL going up across the board. If you haven't contacted your agent yet about things you can do to prevent 10-15% increases, you need to do so. You can control, to an extent, some of the changes in premium you may be experiencing.

Along with driver shortages and a spotty post-pandemic economic recovery, social inflation and nuclear verdicts are driving market disruption.

If your business relies on transportation - Trucking, landscaping, transport of goods, i.e. anything on wheels - you are...
11/25/2019

If your business relies on transportation - Trucking, landscaping, transport of goods, i.e. anything on wheels - you are facing rising costs to protect your assets and liabilities. The markets are entering a firming cycle, AKA "Hard Market".

In short, insurance carriers are reducing their appetite to take on additional capacity for trucking and auto coverages. Leaving you the Business Owner, CEO, or CFO with some tough decisions.

What's the best way to combat this? By being proactive in your approach to lessen overall risks. There are 42 different risk mitigation levers we can analyze to accomplish this - the question is; are you using them? If you are, is your agent using them to advocate on your behalf to your carrier?

For more information on the characteristics of a hard market, please read on.

If you'd like to know how you can accomplish the best ROI for your insurance needs, please request an appointment.

Hard, firm, contracting … different terminology, same market

Address

200 N. Main Street
East Longmeadow, MA
01028

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