Commercial Auto Insurance Risk Management

Restaurants And Bars Are Filled With Risk
September 15, 2018
How To Reduce Workers’ Compensation Costs
October 17, 2018
Show all

Commercial Auto Insurance Risk Management

Commercial Auto Insurance Risk Management

Just as personal auto insurance is necessary, employers need commercial auto insurance in case they or any employee gets into an accident in a business-owned or leased vehicle. Whether you operate one vehicle or many, a fleet safety program can help ensure compliance with safety regulations, reduce the possibility of accidents, help lower repair costs, and save money by reducing auto insurance premiums.

Benefits Of Driver Training Programs

  • Most insurers offer discounts for safety programs.
  • Reduces fleet management costs through lower maintenance, fuel and insurance premiums.
  • Reduced Workers’ Compensation costs.
  • Creates a positive public image.
  • Great employee satisfaction.
  • Increases business effectiveness.

Critical Factors To A Successful Driver Safety Program

A driver safety program establishes the policies and procedures that are needed to have a safe work environment for employees.

  • Management commitment is the most important factor when developing a driver safety program. Management must be willing to support and participate in the process.
  • Driver screening and background checks can be a very effective method of evaluating potential drivers.
  • The best way to evaluate drivers is through conducting written and road tests.
  • Investigate and review all accidents. This will give the firm an opportunity to educate all drivers on specific prevention techniques.
  • Have written policies, including discipline procedures, in the event of repeated offenders.

Steve Longenecker has years of experience building auto insurance policies of various levels to fit each individual business owners’ needs. You tell us how your business vehicle is used, and we will propose appropriate options from the different types of coverage offered by DC Insurers Mountain: Longmont. We would be happy to discuss our Commercial Auto Insurance packages anytime and look forward to building your customized plan!

 

Leave a Reply

Your email address will not be published. Required fields are marked *