Category: Insurance Agents

Small businesses using company vehicles are obligated to carry commercial auto insurance to protect themselves and others.

Since commercial policies purchased from an auto insurance agency can be more expensive than most personal policies, it is beneficial for business owners to be very strict on how those vehicles are used and operated to keep the premiums down.

In the effort of avoiding penalties and getting the lowest insurance premiums possible, insurance agents recommend that business owners practice these safe driving tips.

1. Invest in Safety Features - When purchasing company vehicles, insurance agencies recommend spending a little extra to invest in the safety features that can prevent accidents and save money in the long run. Buy the right vehicles for the job, then teach employees how to properly operate them and make use of onboard safety features.
2. Develop A Company Driving Protocol - Document rules on how company vehicles are to be used and provide a copy to every employee. Prohibit the use of company vehicles for personal tasks, prohibit employees from texting while driving or driving while impaired, and others. Set mileage limits for company vehicles based on the trip and create protocols on how to handle accidents and breakdowns for insurance purposes.
3. Properly Maintain Company Vehicles - Reduce the chance of breakdowns and dangerous accidents by keeping company vehicles up to date on all scheduled maintenance and making necessary repairs promptly.
4. Monitor Employee Driving - Reduce bad driving behavior and save on insurance premiums by installing driver monitoring devices in company vehicles and informing employees about them. Insurance agents find that when employees understand that they are being monitored, they are less likely to drive dangerously or ignore company rules on the use of work vehicles.
5. Insist on Driver CE If Available - Some industries require drivers to keep up with Continuing Education training and specialized driver’s and operator’s licenses. Insist that all employees driving company vehicles have and maintain these qualifications and training. Not only will it reduce the chance of an accident with a company vehicle, but it could also qualify the business for a discount with a commercial auto insurance agency.

Running a business comes with many risks.

Small business owners can mitigate some of those risks and prevent rising insurance premiums by following safe driving tips for handling employee vehicles.

Talk to a local commercial auto insurance agent about these and other safety practices that can keep employee drivers safe and protect businesses from the losses associated with injuries, property damage, and other accident liabilities.

[[https://www.sigbcs.com/]], Insurance Agents

Any kind of insurance policy that you invest in has got to be properly researched before signing on the dotted line.

Education about the subject is the key to getting the coverage that you need in order to protect your family and your investments.

Read through the following article carefully, so you do not miss any tips that you could benefit from.

Premium Payments

If you can afford to do so, it is cheaper to pay your insurance premiums all at once rather than by making monthly payments.

Most insurance companies will charge interest and other fees on top of your monthly payments, or may offer a discount for paying in a single lump sum.

If you want to save cash, try an insurance bundle.

For example, you may be able to insure both a car and motorcycle for a discounted fixed rate.

You will be able to find bundles that cover your vehicles and your home.

You should see to it that you are buying insurances that you need. 

Different Ways to Purchase Insurance

Look at the pluses and minuses of different ways of the different methods of buying insurance and decide what works for you.

You can buy insurance through a direct agent, direct through the company, or through a financial planner.

They all have their own reasons for choosing them, make the choice that works best for you.

You can increase your deductible to reduce your rate, but there is a downside to this strategy.

Although your monthly insurance premiums will be lower, you will have to pay for any small incidents on your own.

Be mindful of how much these minor costs can add up, so you can make an informed decision.

In Conclusion

Now that you have taken the time to read through the preceding tips, you are on your way to making an educated decision about your insurance policy.

You can never be too educated about insurance because the more information you have, the less likely you are to make a mistake!