Auto insurance costs have become one of the top concerns for commercial businesses in 2017. Over the past 5 years, claim costs have skyrocketed due to numerous factors including reduced gas prices, an improved economy, an increased number of workers on the road, the ever rising distracted driver dilemma involving cell phone/texting use, and higher jury awards. Industry-wide, incoming premium dollars have not kept pace with rapidly rising claim costs. To restore balance, premiums are increasing and each account is under greater scrutiny for underwriting acceptability.
Join us as we take a look at:
1. the current distressed state of the commercial auto insurance market,
2. uncover the reasons for escalating premiums,
3. examine how an underwriter prices your account and,
4. most importantly, discover low or no-cost best practice strategies your business can implement immediately to reduce these costs!
Matt Gore, ARM, AIS
Sr. Loss Control Consultant
Amerisure Insurance Company
John Bruneau, Esq.
Vice President, Insurance Operations