Earlier this year Concord Group Insurance announced their affiliation with Auto-Owner Insurance Group, a well rated mutual insurance company that exclusively works through independent agents. The reason for the collaboration between the two companies is to better serve their customers. Combining the two groups efforts will increase their financial security as well as reach and effectively deliver quality insurance coverage to a wider range of customers. Not to mention mark the beginning of their new business auto insurance line!

As a result of this new affiliation, Concord Group Insurance has added a new line of commercial auto insurance. The Group uses a mutual insurance method to protect the needs of their policy holders, rather than the shareholders, because there are no shareholders. Adding the new auto insurance line will allow Concord Group Insurance to offer all inclusive coverage and protection plan, and the Group is actively and aggressively pricing their new commercial insurance policy. It is a different kind of policy that has not been introduced like this before in other companies so it is crucial that Concord Group Insurance set the bar before anyone else can. That being said, determining the pricing might be difficult because there aren’t other policies like it to compare it to.

With all the different insurance policies out there these days it can be tough to nail down what you actually need for your auto insurance for your business. It is common for business owners to purchase business auto insurance in order to avoid unnecessary liabilities or claims involved with company vehicles. At some point, damage or an accident might occur to one of your company vehicles through no fault of your own so it is very important to make sure your investments are covered and protected. Businesses often overlook this type of insurance and they realize when it is too late that they should have had an auto policy in their business insurance plan sooner.

With a good business auto insurance policy, a business can receive compensation in the event of an accident or damage if they file a claim for it. With all of the possibilities that could damage your company vehicles, such as natural disaster, accidents, and just general car malfunction, it is imperative that you find the best quality auto insurance.

When looking for quality commercial auto insurance, there are a few things to look for and keep in mind before you make any purchase decisions. Make sure you know what kind of insurance you need for whatever company vehicles you have. Different classes of vehicles (ie. trucks vs. an SUV) have different requirements and they vary for each state. Make sure you know what the requirements are and find an insurance company that specializes in your needs. Which brings us to the next piece of advice, always do your research. Don’t just go off of hearsay because it might not be very factual. Do the research yourself and get the facts or call us if you have any questions!

Lastly, a very important tip for security and protection purposes is to keep recordings. If you have employees driving your company trucks or other vehicles, keep a live video camera on the dashboard or somewhere that can capture important details of the vehicle. In the event of an accident, having video evidence will help you build your case and defend your claim. You will be able to see if the driver had any fault, such as if he/she was texting or lighting a cigarette, or if the accident was the fault of another person. Also, take photographs of any damage you see immediately following an accident to keep a detailed record of loss and damage.