Is your fleet over insured?
How much are your insurance premiums each month? Too much?
Your insurance premiums are calculated from a percentage of your insured values.
So is your excess, the amount you pay first if you have a claim.
If you're not taking care to re-evaluate your insured values at each insurance renewal then you're quite possibly over insured and paying too much.
TruckSure recently reviewed the insurances for an operator running a small fleet of trucks and trailers. They were paying around $4500 per month. They're now paying around $2800 per month. That's a huge saving! imagine what you could do with $1700 per month.
We discovered that their insured values were around $100,000 more than what we believed to be current market value. Their existing insurance broker was over charging them year after year, and the operator was none the wiser. What's worse is, if they were to make a claim, the insurer would never have paid out anywhere near what they were insured for. This can be a cause for huge amounts of stress at claim time.
Commercial vehicle insurance is generally based upon 'market value' and therefore, you need to be sure that you're insured for, as near as possible to what the current market value is for each asset.
Because we asked the right questions and presented their risk accurately to the insurers, TruckSure was able to offer a far more accurate and cost effective range of cover to the client.
This is just one of many examples that are similar. If you're not sure that you're paying the right amount for insurance call Craig at easytrucks. We can review your insurances free of charge and provide knowledgeable advice on what's best for you and your business.