We all know that price is a big consideration when looking for a commercial auto policy, but keep in mind; you also need to find the best all-around coverage to suit your company’s needs.
First and foremost, you need to understand what coverage and service options are available for your risks. This will help you make a more informed decision so that you and your business are properly protected. Here are some tips that you should consider when researching the right coverage for your company.
- Know the insurance company you’re dealing with. What is their reputation for handling claims. It does you no good to get “cheap” coverage if in fact they don’t pay claims, and this could cost you more in the long run. Also, make sure the company specializes in commercial coverage. An independent insurance agent will generally have several choices of insurance companies.
- Look for discounts. Before seeing an agent for a quote on your commercial auto policy, get your company’s loss and financial records together. It may help you save quite a bit of money. There are a lot of discounts for things like increased liability limits in the past, if your employees consist of experienced drivers, or if your company’s credit rating is good.
- Don’t let your coverage lapse. If you have continuous coverage, your costs will be lower than if you let your policy laps, so never let your insurance policy lapse.
- Check driving records before hiring. Make sure you request a Motor Vehicle Report (MVR) for every potential hire if they will be driving company vehicles.
As your independent agent, we can help you find the right coverage through the right company, and know the discounts that each of these companies offer. Call us at 239.656.5551 or visit our site: www.lciquotes.com
