Operations

The 3 Most Costly Limo Insurance Claims

Posted on October 1, 2012

LONG BEACH, N.Y. — Lancer Insurance Company, a leading U.S. limo insurer, has compiled a list and accompanying infographic of the three most costly limo claims.

Left-hand turns. Accidents occurring when left-hand turns are made into oncoming traffic on two-way roads are either head-on or T-bone crashes, producing multiple serious injuries to the occupants of all involved vehicles. Left-hand turn accidents represented only 2.5% of total claims reported to Lancer in 2011, but accounted for a staggering 21.7% of claim dollars paid.

To avoid these crashes, chauffeurs should realize that their vehicles are often larger and take more time to clear oncoming traffic than a normal sized private passenger automobile. Be patient and wait for all oncoming traffic to pass before making the turn.

It is also difficult to gauge an oncoming vehicle’s speed, especially at night. Do not begin the turn into you are sure you have enough time to complete it safely.

Intersection crashes. These crashes are costly because they usually involve several moving vehicles and multiple passenger injuries. While only making up 5.8% of total claims reported, intersection crashes account for 12.8% of total claim dollars paid.

Beware of “stale green lights” that are bound to change to red as you approach, and cover your brake in anticipation. Never assume that the driver of an approaching vehicle is prepared to obey signage or traffic signals directing him or her to stop.

Pedestrian/bicyclist hits. While making up only 0.018% of total claims, limo accidents involving pedestrians or bicyclists make up 3.7% of total claims paid. There are few, if any, accidents worse than this. They occur more frequently than expected and often have tragic results. Pedestrians jay-walk, walk behind moving vehicles, cross from between parked cars, exit parked cars without looking, and can be so distracted by their smartphones that they do dumb things, like walk in front of a limo.

Chauffeurs need to give driving their full attention and slow down, scan left and right, and be prepared to stop.

Check out the infographic below (for full size, please click: http://www.limoinsurancedirect.com/3-most-costly-limo-claims_540px.png)

Source: Lancer Insurance

View comments or post a comment on this story. (0 Comments)

More News

Tech Entrepreneur Puts Limo Company Up For Sale

The Southern California operation comes with a prestigious list of VIP, celebrity, and corporate clients.

Company Fined For Trading Discounts For Good Reviews

More than 500 people wrote nearly 700 reviews on Yelp and Google, as well as on the company's app pages.

If You Want More Affiliates, Form Relationships First

South Carolina operator Ashley Richey believes you must build a stellar reputation before asking to affiliate with another company.

Ten Tips For Marketing In The Digital Age

From understanding your target audience to retaining customers, here are some helpful online strategies. 

Company Accused Of Ditching Couples At The Altar

One client says once the deposits were collected, the Cleveland-based business stopped responding to their calls and emails.

See More News

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blogs

See More

See More

See More

See More

LCT Store

LCT Magazine - December 2016 $12.95 GLOBAL/INTERNATIONAL ISSUE COVER STORY: * The Coolest Operators on the Planet * *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close