Common Mistakes that Increase the Cost of Commercial Truck Insurance
Driving for extended periods - When drivers are on the road for extended periods, it can be dangerous. Not only does it increase the risk of an accident, it can also increase your costs if it is reported. It is recommended that businesses receive permission to obtain a Motor Vehicle Report from any driver they may potentially hire. This report will indicate …show more content…
A workers' compensation policy should cover the medical costs for an employee who is injured on the job. Without this separate coverage, the employee can make a claim against the commercial truck insurance company for medical costs associated with a work-related automotive accident. In many cases, it is a legal requirement to have the additional workers' compensation policies in place.
Additional Measures You Can Take
Employee education - Regularly communicating with your employees about driver safety can demonstrate your willingness to ensure your drivers are taking the necessary precautions and operating their vehicles as safely as possible.
Documented processes for claims - Time is money, so having standard operating procedures in place makes your business more efficient. Work with your insurance company to make sure you have all the proper forms in place and that your employees know how to correctly complete them.
Verify all aspects of your coverage - Make sure you understand all the details of your coverage. Many carriers do not cover damage to unattended vehicles, or claims for stolen cargo. If you work with a carrier that specializes in commercial truck insurance, they can advise you of your options when applying for this