Renewing your business’ insurance policies at lower premiums and switching to new insurance carriers can help decrease the cost of premiums, but everyone welcomes the opportunity to save more on their commercial insurance. The following are three ways you can get more out of your coverage while paying less for your business insurance.
Incorporate Telematics to Better Manage Your Company’s Cars
You are currently living in the age of technology, where what seemed to be futuristic devices 10 to 20 years ago are now common place for everyone. Cell phones, tablets, smart homes and cars loaded with automatic control features help make our lives convenient and safer. Business owners who are looking for the best way to reduce the cost of the commercial auto insurance can easily integrate monitoring devices into their company vehicles and reduce the cost of their insurance coverage. With real-time information about how employees are driving, reducing risks and insurance costs has never been easier.
Purchase Cars with Automated Safety Features for Your Fleet
Telematics are a great start to ensuring that your drivers are always driving safer, but it only reports and monitors driving behaviors. Safety-focused cars feature technology such as braking when too close to other drivers, adaptive cruise control and forward collision avoidance systems, which all work to help your business avoid preventable accidents. These cars do not simply help your business save money, but they also help your business save the lives of your employees each time one of them gets behind the wheel.
Adopt a Comprehensive Safety Program for All Company Drivers
One of the most integral aspects concerning safety in your business is cultivating a culture that takes safety seriously. Safety policies and procedures must be comprehensive, not designed only to cover individuals who are driving semi-trucks or only concerned with individuals working inside the walls of your facilities. A comprehensive safety program impacts everyone at each level of the organization, and exists to stamp out risks associated with any type of loss. With a comprehensive safety program, your business can realize many benefits, including a reduced cost on the existing coverage you currently have for your business.
After you have reduced the costs of your insurance by taking advantage of competitive rates, reduce the cost of your coverage by adopting new technology and safety protocols that help you reduce risk factors. With these measures in place, you get the most out of your insurance coverage while paying less for the coverage you have for your business.
Get a quote today. Call Fusion Insurance for more information on commercial auto insurance.