Florida Commercial Auto Insurance
Florida has over 2 million businesses that need Commercial Auto Insurance to protect against liabilities that arise from a variety of incidents involving their work vehicles. Personal auto policies generally don't cover vehicles used for business because they're typically exposed to more driving which means more risk.
If your business owns any vehicles or uses any vehicles in its day to day use, it's necessary to have them insured on Commercial Auto policy.
At The Bunker, we know the South Florida Commercial Auto premium rates are always on the rise, and we are ready to help your business save money.
Things That Impact Your Commercial Auto Premium
Unfortunately, accidents happen.
And when they do, be prepared for your commercial auto insurance premiums to rise. Owners of large Florida commercial fleets are especially hit hard when rates rise. The reality is that accident history is a small part of a much bigger picture, here are a few unexpected reasons why your Commercial Auto premiums may be increasing:
- Hiring inexperienced drivers - The commercial driver shortage continues to increase risks on the road. Making sure you have a thorough driver hiring and training practice will help you maintain lower rates.
- Distracted driving - Texting has become a dangerous distraction for drivers on the road.
- Increasing Medical Costs - an increase in the frequency and cost of soft tissue surgical procedures is another factor that is making auto claims more expensive.
- Frivolous Lawsuits- In South Florida, insurance fraud is at an all time high. Having one of your drivers involved in an accident, almost guarantees that the injured party will find an attorney to go against your company which intensely increases the cost of claim.
Florida Commercial Auto Insurance
Florida has over 2 million businesses that need Commercial Auto Insurance to protect against liabilities that arise from a variety of incidents involving their work vehicles. Personal auto policies generally don't cover vehicles used for business because they're typically exposed to more driving which means more risk.
If your business owns any vehicles or uses any vehicles in its day to day use, it's necessary to have them insured on Commercial Auto policy.
At The Bunker, we know the South Florida Commercial Auto premium rates are always on the rise, and we are ready to help your business save money.
Things That Impact Your Commercial Auto Premium
Unfortunately, accidents happen.
And when they do, be prepared for your commercial auto insurance premiums to rise. Owners of large Florida commercial fleets are especially hit hard when rates rise. The reality is that accident history is a small part of a much bigger picture, here are a few unexpected reasons why your Commercial Auto premiums may be increasing:
Hiring inexperienced drivers - The commercial driver shortage continues to increase risks on the road. Making sure you have a thorough driver hiring and training practice will help you maintain lower rates.
Distracted driving - Texting has become a dangerous distraction for drivers on the road.
Increasing Medical Costs - an increase in the frequency and cost of soft tissue surgical procedures is another factor that is making auto claims more expensive.
Frivolous Lawsuits- In South Florida, insurance fraud is at an all time high. Having one of your drivers involved in an accident, almost guarantees that the injured party will find an attorney to go against your company which intensely increases the cost of claim.
