When it comes to insuring low load trailers many operators often start looking for policies that mean substantial savings in terms of the premium. It is quite natural as businesses want to improve their bottom-line in a competitive industry. But this is often a faulty approach as this can easily result in choosing policies that either don’t offer you the coverage you are looking for or don’t include adequate benefits for the things that are covered under their policy, but did you know that you can significantly lower your insurance premium if you approach it tactically? Here are a few steps that you can take to lower your Low Load Trailer Insurance.
# Don’t Just Hire Anybody
For a moment let us forget about insurance and merely concentrate on your brand value. What is you or your clients look for when they hire your Low Loader Trailer? It is the quality of service and safe delivery of the load being carried. This comes from hiring the safest and most efficient crew members from a large pool. Hire the wrong crew and you would have something to regret for life. On the same note insurance companies would carefully review the safety record of your team while determining insurance premium. Carry out a thorough background check on the people you hire especially their driving safety record and drug screening. If you have a handpicked team you would be able to significantly save on insurance.
# Invest In Training
The law merely requires drivers in your fleet to have Multi Combination (MC) class licence to operate these vehicles. For any business owner assuming that a person holding a valid license is a great driver can be one big mistake. After all it is your fleet and vehicles that are on the road and you cannot ignore the skills of the people behind the wheel. As you may already know insurance companies charge you a premium based on the risk factor. If your crew members are well-trained it immediately improves the safety record of your fleet on the road. This is a significant factor in determining the insurance rates for your vehicles and a few hundred dollars invested in training can help you save thousands of dollars in insurance premiums.
# Vehicle Maintenance
Do you regularly invest in maintaining your fleet? If not this is one of the reasons why you may have to pay high insurance premiums for so long. When your fleet isn’t maintained as per the industry standards the chances of accidents grow exponentially. Every part of your low load trailer undergoes regular wear and tear and if not maintained property the fatigue can lead to accidents and cause a major dent your brand name. Insurance companies factor in maintenance while calculating premium and quite rightly so. Periodically your vehicle would need to undergo several minor and major maintenance schedules and investing in this is one of the smartest ways of lowering of premiums.
These additional savings along with complete protection against all risks would help in turning your business competitive.
In this write-up we take a look at a few things that can help in significantly lowering low load trailer insurance and this can go a long way in improving your bottom-line.
At Truck Insurance HQ we pride ourselves on providing competitive quotes for all your insurance needs. We have 170 insurers to choose from to find you the best insurance to suit your needs. Call Truck Insurance HQ now on 1300 815 344 or go online and one of our advisers will call you back.