Browsing: insurance

BY BILL MCCLOY Insurance costs are a critical concern for welding and gas businesses – especially those with large commercial fleets. Shifting market dynamics, new technologies and regulatory changes continue to impact property and casualty coverages. Additionally, a major carrier exit in 2025 resulted in a more complex risk landscape. PROPERTY INSURANCE MARKET REMAINS COMPETITIVE Property insurance rates for welders and industrial gas suppliers remained relatively stable in 2025. Most accounts saw little to no change in their premiums, experiencing renewals that were either flat or in the single digits. Accounts with significant CAT exposure or frequent or severe losses,…

By Bill McCloy, Managing Director, AmWINS Program Underwriters, Welding DistributorPro Insurance Program Your business has suffered a loss – a natural disaster or a fire.  So much of how you respond after a loss is predicated on how well you’ve prepared prior to a loss.  Ask yourself these questions: Have you developed an Emergency Response Plan or Disaster Recovery Plan?  Do you have inventory lists, plot maps, vehicle registrations, accounts receivable and payable, or key contact information documented and backed up?  Is your back-up secured off site?   Do you have a dedicated individual accountable for coordinating the response if…