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The Rough Road of Commercial Auto

Telematics can give managers the data they need to inform and counsel drivers with infractions.

Managing the cost of commercial auto insurance for your business can be an enormous undertaking. Adding some cost-savings programs and risk management techniques may help decrease your losses.

Consider adding a fleet safety program. This may include decreasing or eliminating employee-owned vehicles used for company business and developing standards of performance when driving company-owned vehicles. Review and enforce vehicle usage policies and educate employees on who can drive a company vehicle and when.

Go above and beyond when it comes to training. Make sure your drivers understand your business's commitment to safety. Conduct frequent driver record checks and request updated motor vehicle records for your employees on a set schedule so you can review any issues that may affect your business.

Employ telematics to manage fuel usage, measure downtime, inform drivers of best routes, and create maintenance alerts. Telematics can also assist with auto accident forensics and give fleet managers the data they need to inform and counsel drivers with infractions.

Check your limits of coverage. Many businesses carry the same limits today as they have for many years. Doing this doesn't account for the increased costs of medical treatment, vehicles, repairs and other expenses over that same time period. Reviewing your limits of liability with your agent on both your primary and any excess or commercial umbrella policies is the best way to keep up with inflation.


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