This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
From Parts Counter to Management One of the most straightforward paths to career advancement is moving into management within the auto parts sector. After gaining experience in roles such as Parts Counter Person or Shipper Receiver, you can work toward becoming an Assistant Parts Manager and eventually a Parts Manager.
As a collision estimator, you’ll work closely with repair facilities, insurance companies, and private clients, helping them make informed repair decisions. Develop Insurance Claim Processing and Client Communication Skills Working as a collision estimator often involves collaborating closely with insurance companies and clients.
The global auto insurance market is undergoing a profound transformation , driven by rising trade barriers, escalating costs, and accelerated technological innovation. These forces are placing mounting pressure on insurers, repair shops, OEMs, and fleet operators. insurers have adopted generative AI in at least one function.
While data is often used for safety or quality improvements, privacy concerns arise when its shared with third parties, including insurers who may use it to adjust premiums. Image credit: Depositphotos.com The post Drivers unaware of data their cars collect appeared first on Auto Service World.
Fast-forward to today, and sustainability has gone from an optional to a must-have for most industries, including automotive and insurance. The conversation underscored the importance of parametric insurance analytics solutions, which can provide coverage for climate-related events that traditional insurance often overlooks.
Insurance claims, arguably the largest driver of revenue, were down which directly impacted collision topline. If a vehicle gets too expensive to repair, insurance companies are more likely to write it off, depriving the market of revenue. Many independent shops went out of business.
Collision repair professionals and automotive insurance companies often find themselves investing significant time conducting research and calculations to produce precise damage estimates. This complexity can lead to calculation errors and inefficient workflows, ultimately impacting both cost and time investments.
In the trucking industry, cargo insurance is a crucial component of risk management. Let’s delve into the various aspects of cargo insurance, highlighting its … The post Ins and Outs of Cargo Insurance for Trucking Companies appeared first on Auto Service World.
This involves inspecting the extent of structural, mechanical, and cosmetic damage, calculating labor and parts costs, and working closely with repair technicians, insurance companies, and customers to ensure a smooth repair process. Many begin their careers as collision estimators, assessing vehicle damage and preparing repair quotes.
The market in recent years was skewed by a combination of unprecedented forces, including severe availability issues said Andrew King, managing partner at DesRosiers. Adrian Taylor, executive general manager of general insurance at Compare the Market, highlighted the advantages offered by the top-rated models.
Polly has announced the launch of its new Professional Insurance Platform at NADA 2025 to empower dealerships to monetize the insurance process and improve gross profits. Polly brings a reimagined professional insurance platform tailored for franchise and independent dealers to NADA 2025.
Only seven electric vehicles have received the Insurance Institute for Highway Safety's Top Safety Pick Plus award in 2025. Another one has managed to get a Top Safety Pick (non-plus) accolade. The change happened after the IIHS updated the test criteria for 2025.
Source How can you ensure you receive the lowest insurance rates possible? Successfully navigating insurance quotes presents challenges since errors during the process can lead to annual costs of hundreds to thousands of dollars. Given that auto insurance rates are projected to increase by 7.5% Not providing enough information.
While it’s possible to manage without legal assistance, significant challenges exist. The Role of Insurance Companies Insurance companies are enterprises whose primary purpose is to minimize payouts. Handling negotiations with insurance adjusters requires skill and knowledge of what your claim is truly worth.
The cycle perpetuates as ransomware payments, often covered by insurance policies, incentivize further attacks. Lastly, the discussion shifts to managing critical transitions, like switching dealer management systems (DMS).
Nearly half of the respondents (47 per cent) prefer vehicles with higher safety ratings after having children, and 84 per cent consider safety ratings from organizations like the Insurance Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA) crucial when selecting a family vehicle.
The Importance of Preparedness and Responsiveness Hurricane Beryl’s early arrival is a clear wake-up call for insurers, emphasizing the need to fortify their disaster response strategies now, rather than later. With early arrival of the hurricane season, it is paramount for insurers to get their support system ready in preparedness.
These professionals assess damage, calculate repair costs, and facilitate communication between repair teams, insurance companies, and clients. Communication and Coordination: Heavy duty estimators act as the communication link between customers, repair technicians, and insurance companies.
Traditionally, this process relies on manual inspections, mechanical testing devices, and consultations with repair managers. They then prepare work orders and insurance claim forms to document their findings and recommendations. This level of automation also impacts insurance estimations.
Two of the growing factors impacting electric vehicles are charging them and securing affordable insurance, and three research projects shed more light on those elements of EV ownership and how consumers are adjusting. A separate report from LendingTree insurance site ValuePenguin.com might explain why. Here’s some evidence of why.
The insurance industry has long grappled with challenges such as rising repair costs, staffing shortages, and managing claims volumes during peak times. Industry Impact: The initial six months of this year were marked by a series of severe storms that led to insured losses totaling an astonishing $34 billion.
Challenge 3: Adapting to the Insurance Landscape The insurance industry plays a significant role in the auto body repair process. Estimators must effectively communicate with insurance adjusters and navigate the ever-changing policies and regulations. Solution: Gain a thorough understanding of insurance estimating procedures.
Between diagnosing complex engine issues to managing your mechanics and creating a five-star customer experience, theres often little time left to focus on your financials. parts purchases, payroll, rent, utilities, insurance, marketing, shop supplies). Its no secret that time is limited as an auto repair shop owner.
As an auto repair shop owner, you manage a multitude of tasks daily. From overseeing repairs and maintaining customer relationships to running a team of employees, financial management is often the last thing you want to think about. gloves) Parts inventory Employee wages Insurance Equipment (i.e.,
Interestingly enough, Ive asked many shops and insurance companies this question and gotten a lot of different responses. We know that the vehicle maintenance of any motor vehicle is a cost the vehicle owner must pay, as no insurance claim is involved. This can have a demoralizing effect on shop management and your team.
Heres how you can manage towing expenses effectively without breaking the bank. Steps to Handle Towing Bills When Funds Are Tight When unexpected towing bills hit and your budget feels stretched to its limit, taking the right steps can make managing the cost much less overwhelming.
When it comes to insurance claims, determining whether a vehicle is a total loss or repairable can be a time-consuming, costly, and complex process. Insurers face various pain points during this assessment, including lengthy inspections, redundant assessments, and time-consuming routes for the adjusters to travel to each site.
Plan Your finances strategically Financial planning is critical for managing startup costs, operational expenses, and long-term investments. Efficient inventory management is also essential; maintaining excellent stock levels reduces costs while ensuring you can meet customer demand.
They should document the scene with photos and exchange contact and insurance information with the other parties involved. Encourage clients to file a police report, even for minor accidents, as this can be crucial for the insurance claim process. Keep clients updated throughout the process to manage expectations and build trust.
The changes are due to increases in Employment Insurance (EI) and changes to the Canada Pension Plan (CPP), … The post How much payroll taxes are increasing this year appeared first on Auto Service World. Canadians will see a decrease in their take-home pay and employers will see a rise in payroll expenses as of January 1.
Professional services firm Aon, which provides various kinds of insurance needs to businesses, … The post Employer medical costs set to jump appeared first on Auto Service World. Canadian employers can expect medical costs to increase 5 per cent next year, according to a new report, though the number is a slowdown from this year.
In this Auto Success Executive Spotlight interview, the host Brian Ankney talks with Dave Dunn and Natalie Kessler from Masters School of Autobody Management. Dave shares his unconventional career path, starting in a body shop at a young age, venturing out on his own, and eventually managing a dealership body shop.
Their primary responsibilities include inspecting damage, writing estimates using specialized software, communicating with customers, and coordinating with insurance companies to ensure estimates meet industry standards and guidelines. Heavy-duty estimation deals with large vehicle systems after auto body estimating training.
DataTouch LLC’s recent launch of the Data Pump Manager introduces a revolutionary tool designed to transform how auto body shops manage and protect their estimating and repair data. As per automotive training, the Data Pump Manager protects estimation and customer data.
This came to light after some people saw their insurance rates were increased after a major automaker sold the information broker company that rates insurance risks. It also highlights the importance of securing a customer’s data.
Automotive businesses may also need to comply with rules from the Workplace Safety and Insurance Board, OEM warranty audits or other standards. National tax compliance is the most obvious area to address, but it isn’t the only one. Organizations may understandably be hesitant about paying for such a service.
It will correct the underreported tax amount for the Canada Pension Plan and Employment Insurance with interest. Complying with the legal aspects of financial operations Following federal, provincial and territorial laws for everything from vehicle sales to commission management is complex. Also, it will charge penalties.
This came to light after some people saw their insurance rates were increased after a major automaker sold the information broker company that rates insurance risks. It also highlights the importance of securing a customer’s data.
Redefining Claims Processing in an Evolving Insurance Landscape The insurance industry is at a critical crossroads, challenged by natural disasters, market changes, and internal resource constraints. This situation underscores the urgency for agile and effective claims management strategies.
For companies with vehicles on the road, managing a fleet can quickly become overwhelming. Understanding fleet outsourcing Fleet outsourcing is the process of hiring an external provider to manage all aspects of your fleet operations. Cost-effective fleet management Running a fleet can be costly.
Understanding and managing the high expenses associated with the auto service and repair industry is complex. Securing Your Business with Specialty Insurance Every business needs the basics, like property and workers’ compensation coverage. But there are specialty insurance coverages tailored just for the auto service industry.
Overview of Virginia Car Accident Laws Virginia has its own set of laws and regulations that impact how car accidents are handled, including fault determination, compensation, and insurance requirements. Insurance Claims: The at-fault driver’s insurance company is typically responsible for covering the costs of damages and injuries.
Fleet rental specialists are crucial in managing rental vehicles and providing outstanding service. Manage Rental Requests and Prepare Estimates After Automation Training As the morning progresses, Fleet Rental Specialists handle rental requests and reservations, advising clients on vehicle conditions, available models, and promotions.
By paying only for what they use, individuals save on expenses related to car ownership, such as maintenance, insurance, and fuel. Software development, data analysis, and network management skills will become increasingly valuable. Environmental Impact : Shared mobility reduces traffic congestion and greenhouse gas emissions.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content