Two Ways to Keep Fleet Truck Insurance Low as Your Company Grows

Scaling up the size of your fleet is always a risky proposition, especially with recent concerns about the future of the industry. However, with the right planning and a strong plan, adding semi-trucks to your company shouldn’t be a hazard to your company’s core; instead, it should help grow your company by reducing per unit expenses and making individual liabilities a smaller proportion of your expenses. Here are a few tips to keep your fleet insurance lower and lower as you add new vehicles:

  • Focus on driver training. Risk evaluators consider many different factors when adjusting premiums for semi-truck fleets. If your company has a proven employee training program or you have evidence that each of your drivers has additional safety certification, that attention to preventative education can make your company a more reliable entity. The fewer accidents your company has, both in total and per vehicle, the less costly your premiums will be.
  • Specialize your vehicles. Some states demand higher emission regulation from semi-trucks passing through, and vehicles that transport dangerous chemicals and over-sized loads need additional equipment. Make these adjustments to as few vehicles as you can reasonably configure so the extra liability is restricted to a few of your vehicles instead of the majority. While logistical concerns and the size of your company might mean you need to add these features to several of your vehicles, keeping any specialized trucks separate can help you raise any insurance limits on subgroups in your fleet instead of all of your vehicles.

Reducing fleet insurance costs is one of many business concerns whenever you’re growing your company, but with the right planning and attention to lowering your company’s liabilities, it can be easier than you think. Go to J.E.B. Insurance Services, LLC for more information. We provide commercial truck insurance in the following states: Florida, Georgia, Texas, North Caroline, South Carolina, Tennessee, Illinois, Iowa & Nebraska.

David Ott

David Ott