Operations

Slim Down Your Insurance Costs

LCT Staff
Posted on June 1, 2000

Is your insurance bill looking a little thick around the middle? Do you feel the need to shed some excess premiums? Well, we have a great rate-reducing plan for you, and it doesn’t require strenuous effort or dangerous supplements. Limousine operators can choose from a number of appetizing menu items that can help them qualify for major insurance discounts, and maintain a lean and fit operation. Put simply, the way to control your insurance rate is to control your insurance risks. But just as you need to record your business expenses to qualify for tax deductions, you must document your efforts to make your company a better insurance risk. According to insurance industry representatives, too often limousine operators opt for the quick-and-easy, short-form approach, squandering opportunities to save potentially thousands of dollars each year. For example, if your company has a stringent screening process for prospective employees, and holds every vehicle to a strict, scheduled maintenance program, make sure your insurance broker and underwriter knows. Otherwise, your efforts will go both unnoticed and unrewarded by your insurance provider.

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