When you need auto insurance for a fleet of commercial vehicles, the first thing on your mind is probably affordability. It’s already costly to insure one car; an entire fleet can be daunting. While a budget-friendly rate is ideal, you don’t want to skimp on protection. Here are a few tips for choosing commercial auto insurance in Maitland, FL:
Check Employee Driving Records
While you trust your employee on principle, you have to be mindful about how they drive if they’re in one of your commercial vehicles. Perform a DMV-screening on any potential or existing employees. Having employees with good driving records will keep your premium low.
Buy ‘Hired and Non-Owned Vehicle’ Coverage
A commercial auto policy typically will not cover employees who use their own cars or cars that are rented for travel purposes. Make sure you get this optional coverage package to cover any and all vehicles that you or your employees will potentially drive.
Purchase Higher Limits for Better Protection
While keeping your premiums low is a priority, there’s no more expensive policy than one that doesn’t have sufficient coverage for all situations. Don’t undervalue your employees or the vehicles they drive in order to save a few dollars. It never pays off in the end.
Increase Your Deductible
If you are confident in your employees, you could choose a higher deductible for your commercial auto insurance policy. The higher the deductible, the lower the premium, but you will be on the line to pay that money upfront should anything happen to the vehicle and its driver.