What are the unique insurance risks that come with the operation of public transit? Becoming familiar with the ins and outs of these risks will keep you ahead of the curve and help you prepare for the future.
Public transit is an essential part of daily life. It helps build communities, promotes job growth, and supports a cleaner environment. While every industry has experienced turbulence in recent years, public transit has been more significantly impacted. Due to the lingering effects of the COVID-19 pandemic, ridership levels remain lower than pre-pandemic levels, and public transit entities are reevaluating operations and looking for ways to innovate.
Read the report to get the details on key industry trends to watch and to address the unique risks of this industry:
- Ridership levels
- Transit workforce shortage
- Increased severity of claims
- Adoption of technology