How to Lower Your Insurance Rate
As discussed in previous editions, commercial vehicles are expensive to purchase and operate. One area that challenges many businesses is the cost of insurance; it’s hard to know if you’re choosing the “right” insurance carrier with the “right” coverage. However, there are a few things every business can do to improve their insurability by lowering their risk.
Updated Employee Handbook
Every business should have an Employee Handbook. For those businesses that have a fleet of vehicles, a section on acceptable use of the company vehicles must be included. This section should include expectations regarding the use of seat belts (by drivers and passengers), the use of a cellphone while driving, eating while driving, etc. This section should also specify if the vehicle can be driven to the employee’s 数字币最新排行home at the end of the day, and whether or not a spouse can drive the vehicle.
Monitor Compliance and Record Evidence
Setting the correct expectations with employees is important, but execution is critical. Keep in mind, reducing accidents is the way you save the most on insurance premiums. So, setting the drivers’ expectations is only the first step. You also need to monitor compliance of those expectations. With the use of a drivecam solution, not only will the business have video proof in the event of an accident, the driver-facing view will also show what was occurring in the vehicle at the same time. This evidence aids in protecting employees, managing policy compliance, reducing accidents, minimizing injuries, and potentially reducing insurance premiums.
Check out the drivecam solution in this 73-second video.
Save the most on fleet vehicle insurance premiums by reducing accidents.
There are a few key components in a drivecam solution that many insurance carriers typically require to extend a reduction in insurance premiums. These components may include live video, video stored in the cloud, and artificial intelligence; check with your insurance carrier for details of your coverage. For more details on a fully compliant GPS Video Tracking drivecam solution, please contact Precise Fleet Tracking Solutions for a full analysis and demonstration.