A commercial auto insurance policy protects your company from liability risks associated with an accident. The challenge is finding a low cost policy that covers the risks to your company.
With the right analysis of your risks, you can get a comprehensive policy that doesn't cost too much money.
Review the Driving Records of Your Employees
Commercial auto insurance can cover multiple individuals in several company cars. Even if you have a single vehicle, you must review the driving record of any employee with access to the vehicle.
Evaluate the driving record of every employee with access to a company vehicle. You want employees with a good record on your policy. Do not allow any employees with a poor driving record to access a company vehicle. Ideally, each employee driver should have a good or excellent record.
Look for Discounts
Various insurers offer policy discounts. A commercial auto insurance policy may offer options to help cut back on costs. Discounts might include:
- Good driver discounts
- Discounts for paying in advance
- Extra safety measures discounts
- Employee driving course discounts
Specific discounts available through any insurance provider may vary. So, compare your options and look into the different ways your company may save on coverage.
Keep in mind that some discounts apply to your business over time, such as a claims-free discount or a discount for loyalty to the insurance provider. Keep up with any new options that may cut costs in the future.
Bundle Your Insurance Policies
Bundling your business insurance policies helps reduce the cost of your coverage. Insurance providers may offer different policies for businesses. These may include property coverage and workers' compensation policies. By buying from the same provider, you reduce the cost of your insurance coverage. Clarify the different bundling options your provider offers. Ensure that you purchase the coverage your company needs to keep up with the needs of your business.
Commercial auto insurance allows you to protect the company from liability risks. By using discounts, bundling your policies and ensuring that your employees have an excellent record on the road, you limit the cost of coverage and enjoy the opportunity to keep up with the growth of your business.
We've got you covered. Safe Insurance Group can help you get a Miami commercial auto insurance policy that addresses your company's risks. Call us at 305-264-8964 and one of our agents will get you a free quote.