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    Commercial Insurance Blog

    Do I Need Commercial Plates for My Massachusetts Vehicle?

    Posted by Gordon Atlantic Staff

    Mon, Mar 12, 2012 @ 03:22 PM

    business vehicle plates under commercial insuranceThe Massachusetts Department of Transportation/Registry of Motor Vehicles (RMV) states that if your vehicle is defined as a "commercial vehicle" then that vehicle must be registered with commercial plates (aka truck plates).  The RMV defines commercial vehicles as the following:

    “ANY MOTOR VEHICLE WHICH IS NOT A PRIVATE PASSENGER MOTOR VEHICLE, ANTIQUE MOTOR CAR, MOTORCYCLE, TRAILER, SEMI-TRAILER, AUTO HOME, HOUSE TRAILER, TAXICAB, AMBULANCE, HEARSE, LIVERY VEHICLE, BUS, SCHOOL BUS OR PUPIL TRANSPORT VEHICLE.”

    This includes:

    • Any vehicle which has a vehicle weight of more than 6,000 pounds unless it is a sport utility vehicle, passenger van, pickup truck or cargo van meeting the definition of a private passenger vehicle
    • Any vehicle which has five or more wheels (i.e.; a dually)
    •        Any pickup truck or cargo van, owned by a partnership, trust or corporation, unless the vehicle meets the definition of a private passenger vehicle
    •        Any pickup truck or cargo van if on the bed, roof or sides of the vehicle tools, equipment, supplies and materials are transported to or from a job site (personal projects without compensation are not considered a job site)
    •        A vehicle which has business lettering, markings and/or advertisements on it
    •        A vehicle used for hire to plow
    •        A vehicle used for hire to transport or store goods or merchandise (unless the vehicle is owned by an individual, the maximum carrying capacity is 1,000 pounds or less, and it is only used on a part-time basis)
    •        A vehicle used to transport or store goods or merchandise intended for sale in the operator’s business (unless the vehicle is owned by an individual, the maximum carrying capacity is 1,000 pounds or less, and it is only used on a part-time basis)

    As you can see from above, you must know what the definition of a Private Passenger vehicle is in order to determine if the vehicle is defined as a Commercial vehicle. The definition of a Private Passenger vehicle is

    A) Any vehicle which has a weight rating of 6,000 pounds or less or is a sport utility vehicle or passenger van, or which is a pickup truck or cargo van of the ½ ton, ¾ ton or 1 ton class (per the manufacturer), or a vehicle used solely for official business by a college or university police department

          B) A pickup truck or cargo van that is registered or leased to an individual and is used exclusively for personal, recreational or commuting purpose

          C) Any vehicle not described elsewhere by the Mass DOT/RMV rules, 540 CMR

     

    Feel free to contact the insurance professionals at Gordon Atlantic Insurance with any questions by clicking the link below, or calling us at (781) 659-2262.

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    Tags: commercial, commerce, truck, school bus, registration, rmv, department of transportation, work, license plates, insurance, Business, massachusetts, Vehicle, Registry of Motor Vehicles

    Data Breach – Exposures, Damage Control and Insurance

    Posted by Geoffrey Gordon

    Fri, Nov 04, 2011 @ 05:48 PM

    Protect your business from a data breach or theft with commercial insurance from andrew gordon incThe loss of proprietary or confidential customer data is a bad scenario even on a good day. Consider the "missing" data from South Shore Hospital's archived records in 2010. The hospital had entrusted data to an outside firm and that company’s inability to confirm its receipt and destruction created a huge headache and PR nightmare for the hospital.  

    South Shore Hospital showed admirable transparency and openness in their handling of the matter. Their proactive handling was a model of how to minimize the PR effects of this kind of incident.

    Maintaining established procedures for data security and data destruction is required by every business that holds confidential customer information. It’s the law here in Massachusetts, known as CMR-17. But even with the best procedures and most vigilant attention, surprises can happen. Data is transmitted across multiple platforms and even the best information security plan won't necessarily prevent an accidental loss in ways we can't even imagine.

    Damages in the form of penalties under Massachusetts CMR-17 regs are bad enough:  $5,000 per record, making a 1000 record loss a potentially $5,000,000 fine! That's before your customers start hiring attorneys, or the cost of network engineers to begin their forensic analysis, or paying for customers to join "lifelock" or similar protective services. 

    Fortunately there is insurance available today that includes coverage NOT ONLY for damages, but also the cost of crisis management expenses, the notification of affected parties, credit monitoring costs, forensic costs and a variety of other expenses incurred after a data breach. One thing we do know is if a breach happens, it will cost way more than any actual damages to your customers. Because of the potential size and scope of data breaches, insurance can be an effective solution to this risk.

    For controlling this risk and advice on data security in general and in particular, look to Gordon Atlantic for cyber liability and other business risk solutions, including our dedicated page with more information and applications.

      Business Quote

    Geoff Gordon

    Tags: commercial, security, data, insurance, Business, massachusetts, credit monitoring, Cyber Liability, consumer, loss, destruction, confidential, customer information, breach

    Registry of Motor Vehicles Procedures Made Easy for Your Business

    Posted by Gordon Atlantic Staff

    Mon, Oct 31, 2011 @ 05:02 PM

    Understand the ways of the rmv with auto and business insurance from andrew gordon incFirst Time Registering A Business Vehicle In Massachusetts?

    Here is the procedure when you, as a business or corporation, register a vehicle in Massachusetts for the first time. You must first call the Internal Revenue Service at 1-800-829-0115 and ask for an EIN Verification letter aka 147C Letter. You should not request Form 147C as the Internal Revenue Service may not be able to recognize what is being requested. The Internal Revenue Service will then fax the completed form to your business,

    The form then needs to be faxed to the FID Department at the Registry of Motor Vehicles/Department of Transportation. fax number 617-351-9120. The Registry will then input this data into their system.

    The Registry of Motor Vehicles advises to wait a day before applying for registration and title.

    Does Your Corporation Need To Amend Its Vehicle Registration?

    When a corporation wants to amend their business auto registration (address change, garaging change, etc), the Registry of Motor Vehicles needs to see a copy of your corporation’s Articles of Amendment. Your corporation can file online with the MA Secretary of State’s Office/Corporation Division at http://www.sec.state.ma.us. The fee is $100 per 100,000 shares of stock, $100 minimum fee

    A registration can still be renewed without the corporation’s articles being amended but will be renewed without the updated changes.

    Visit our entire website for more information made easy! Check out our insurance resources and our whiteboard video series.

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    Tags: commercial, registration, rmv, insurance, Business, massachusetts, Vehicle, Registry of Motor Vehicles, 147C, corporations, letter, FID, department

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