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How to Keep Those Commercial Auto Rates in Check

Keep Commercial Auto in Check

Commercial auto rates continue to climb. Although accidents decreased substantially in 2020 due to the COVID-19 work-from-home trend, fatalities climbed in 2020 compared to 2019. As roads emptied, reckless driving increased, according to Car and Driver magazine. Additionally, medical costs rose substantially, and truckers have seen numerous extremely high liability judgments.

You can play an important role in keeping your commercial auto premiums in check:

Reward safe driving. Tie accident-free periods to bonuses or institute some other pay-for-performance reward.

End distracted driving. Enforce a cell phone policy that allows time for off-road calls and texts, and prohibits use while driving.

Consider telematics. Devices that collect data on driving habits can provide your company and insurers with important evidence on low-risk behaviors and can help with training for drivers who aren’t following best practices.

With some basic risk management, your company can stand out as a good bet for insurers.

Allan Block Insurance, Professional Service with the Personal Touch

We are located in Tarrytown, NY, in the heart of Westchester County, a key business district just north of New York City. We write auto, home, renters, condo, co-op, personal, business, life and group insurance for clients locally and in NYC, CT, NJ, PA, MA and many other states. For more information or answers to your insurance questions, please contact us.

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