May 12, 2016
Finding a good deal on commercial auto insurance is about more than finding the lowest rateits about finding the best all-around coverage to suit your companys needs.
Understanding what coverages and service options are available is the first step toward making better, more informed decisions so that you and your business are properly protected. Here are some tips from the experts at Progressive to help you find the right coverage, service and price:
Know the company youre dealing withand its reputation for handling claims. Under-stand that you may pay more for cheaper coverage in the long run if the company lacks experience handling commercial auto claims. In business, vehicles need to be on the roador you lose money. Insurance companies that dont specialize in commercial auto coverage often dont have their own claims representatives handling the process, so it may take longer to get vehicles back in service.
Look for discounts. Before initiating a quote for a policy, gather your companys loss and financial records. This information could help you save a lot of money. You may qualify for discounts if youve carried increased liability limits in the past, if your employee base consists of experienced drivers or if your companys credit rating is good.
Dont let your coverage lapse. Proof of prior insurance is important, so never let your insurance policy lapse. If you do, you will most certainly pay more for your next policy.
Ask for referrals. Find out where colleagues in your business have found the best coverage and the best service. They may be able to refer you to an agent or com-any that really understands your business. Check driving records before hiring. If theyll be driving a company vehicle, be sure to screen the Motor Vehicle Report (MVR) for every potential hire.
Update the value of your equipment. If youve added, upgraded or phased out equipment, youll want your policy to reflect the true value of your fleet. This ensures you have adequate coverage where you need it and that youre not paying for cover-age you no longer need.
Check the options for managing your policy. See if you can handle routine tasks online and over the phone instead of having to visit an agency or mail in forms. It saves timeand in business, time is money.
You can call Plapp Insurance at 1-800-820-7575 or use our contact form.
Forest Park office7310 Madison St