- Repair costs
- Car rental costs
- Down time for the vehicle
- Storage costs, and more.
- Assess your internal reporting procedures for auto incidents. A lengthy internal “chain of command” slows down reporting to your broker and insurer.
- Regardless of who is at fault, report it to your broker or carrier immediately.
- Discourage your employees from trying to resolve the claim directly with the third party or that person’s insurance company.
- Include incident reporting as part of your fleet safety training program. Make sure employees know to report accidents regardless of fault.
- Never assume a claim will “just go away.”
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