If your business operates vehicles daily, at-fault accidents can significantly increase your insurance premium.
Insurance carriers evaluate:
- Severity of accident
- Bodily injury involvement
- Property damage amount
- Driver history
- Frequency of incidents
Most accidents impact pricing for 3–5 policy years.
How to Mitigate Impact
- Implement driver safety programs
- Conduct annual MVR reviews
- Use GPS fleet monitoring
- Establish driver accountability policies
- Provide defensive driving training
Maintaining $1M CSL auto limits and considering an umbrella policy helps protect against catastrophic outcomes.
For an auto program review, contact Prosperity North Advisors to schedule a consultation.