Whether your company owns a fleet of vehicles or you simply require team members to maintain auto insurance to get to and from their day-to-day work, coverage is crucial to ensure the safety of your team, those around them — and your overall business, too. Even so, automobile insurance can seem overwhelming. At Brady, Chapman, Holland & Associates, our goal is to make the insurance process as easy as possible. Read on for a helpful overview aimed at helping you take control of your coverage.
Know the Lingo
Every industry has its jargon. But when that jargon makes it difficult to understand your policy or coverages, it can become a real problem. Take a moment to familiarize yourself with the terms featured on your auto insurance plan — phrases such as “deductible,” “collision coverage” and “principal driver.” Once you have a stronger grasp at the phrases at play, you’ll have a better understanding of your coverage as a whole. Our Common Auto Insurance Terms Sheet can help.
Understand What’s Out There
All auto insurance is not created equal. While certain coverages help with expenses related to incidents of which you are at fault, others help cover your own expenses — and those of your passengers — regardless of who is “to blame.” Other coverages protect against damage caused by uninsured drivers or those who don’t carry enough coverage. While any policy will be comprised of a number of coverages, it helps to understand your options (and the various aspects of the policy you purchase). Our Auto Insurance Types Tip Sheet is a great place to start.
Prepare for the Unexpected
No one begins their day anticipating an automobile accident, but such events can (and eventually will) happen. The best thing you can do is to ensure your team understands how to handle such an event. Our Auto Claim Explainer Sheet offers step-by-step guidelines to make a stressful situation a bit easier. Download your copy today, share it with your team and encourage them to keep a copy in their vehicles. (This information applies to both accidents that occur in company vehicles, as well as personal ones. In other words, these are tips everyone should know!)
Auto insurance might not always be cut and dried, but it doesn’t have to be overwhelming. If you have questions on any of the above, please feel free to contact BCH. Our team is here, and we are always happy to help.