Making a decision on any insurance is a multi-faceted one. Here we outline the insurance on an auto fleet where there are numerous issues to be considered.
Naturally, everyone looks at the premium, as it is maybe the only real measurable cost in the mix. However, when dealing with fleets there are many other pieces involved.
The effect on the people managing the fleet is large and diverse. The need to keep the insurance company up to date with the fleet and driver profile is critical for coverage and premium cost reasons.
Then there is the claims process. As a fleet grows, so do the number of claims, and handling them efficiently and quickly is paramount.
Let’s first look at the drivers. They all need insurance ID Cards, everyone has to carry one and this is the one thing that affects every driver. Our system allows for an ID Card to be requested via our website and to be emailed directly to the driver. We take care of getting the renewal ID Cards directly into the driver’s possession. A regular commercial auto insurance policy won’t do that.
Thankfully, not all drivers will not have an accident, however, many will. Industry averages show 18% to 20% of fleet vehicles are involved in incidents every year. So a fairly large number of drivers are going to be concerned with how the claims are handled, not to mention the fleet manager as they will be the first one to hear about it if something is not to the driver’s liking.
Accident Management is paramount to the satisfaction of the claim handling for the driver. Your drivers want to have the claim handled efficiently as possible so as to inconvenience their normal day to day life as little as possible. Also, they all want to be driving their own car, so getting the repair done right the first time and quickly gets your driver back in their own car faster and gets them back to full productivity again. We handle that, and it is NOT reflected in your premiums.
Repair cost is important to the insurance company, but the claim costs will affect the insurance premium for future years. Containing these repair costs is therefore important to all parties. Repairs administered by our Accident Management specialists are 12% less than normal insurance company claim payouts.
Administration of the fleet is at times a daunting task. Adding in the administration of the insurance policy only adds to the problem. The fleet manager(s) have to make sure the insurance company is kept current on all the vehicle changes and all the changes involved with the driver information. They have to make sure the billing is correct and paid.
With our FleetSure Program and our web based data system all of this is done automatically due to the possibility of data sharing with your leasing company.
Vehicle additions: Automatic
Vehicle deletions: Automatic
New Drivers: Automatic
Delete Drivers: Automatic
Change of address: Automatic
Due to the constant flow of data and the monthly reconciliation, the billing exactly matches the latest fleet data, so the bill is correct. The bill also matches the fleet profile automatically which provides for optimal cash flow. Truly, pay as you go. This will not be available in the normal auto policies.
The current nature of the driver data allows us to deliver I D Cards directly to the drivers so the fleet manager is relieved of that task.
We can also supply a spreadsheet of your billing, and a summary by cost center to match your department structure. We have periodically, at no charge written programs for you to help with the administration of your fleet. This will not be available outside of our program.
The value we add to the administration of a fleet is second to none. Our web based administration, our working with various leasing companies, our Accident Management partnership and the terrific relationship we have with Philadelphia Insurance Company allows us to deliver the finest fleet management and insurance combination to be found anywhere.