In an effort to better communicate, Turner & Hamrick is once again posting an electronic newsletter. If you would like to subscribe to these newsletters, and are not getting them through your email currently, please contact us with your email address so that you can be a part of this communication.
The content of these newsletters will vary greatly with topics such as basic insurance information, risk management & safety tips, information about AssuredPartners on a national level as well as Turner & Hamrick specifically. We may also highlight clients from time to time. All in all, our hope is that this will be helpful to you, our clients and prospective clients, in any way possible.
At the present, though, I want to address a current issue in commercial auto insurance. I am sure you all are aware just as I am, our highways are currently overcrowded. Additionally, we are living in a time in which society is bent to want something for nothing. All the while, it seems attorneys are everywhere you turn.
What does this mean for the insurance companies? You probably guessed it: making money in commercial auto insurance is increasingly difficult. Rates continue to climb to address the aforementioned problems. The most simple scheme for fighting back is to have cameras and protect yourself as a driver and owner. The statement “a picture is worth a thousand words” is absolutely true. Therefore, please consider putting dashboard cameras in your trucks and commercial automobiles. Not only will they help you manage your drivers, if used correctly, but they also serve as a great defense tool when being sued in a non-at-fault accident. Additionally, with an at-fault accident, they can help expedite settlement and help control expenses in claim handling. These cameras are an added expense, but they are proven to be worth it in the long run.
Furthermore, I would like to remind clients and prospective clients to please discuss with their drivers that the highways are only getting busier this time of year. Therefore, drivers should keep their eyes on the road and hands on the wheel. This seems basic, but the fact is that distracted driving kills and the statistics show that this focus on driving becomes paramount this time of year.
Lastly, I hope you all had a good Easter weekend and enjoy the Spring weather.