You should also purchase the maximum limit of Uninsured Motorist coverage for at least executive vehicles to give you protection if you are involved in an accident with an uninsured or underinsured driver. If you have a Personal Auto Policy or are renting with a charge card that covers the exposure, you do not need to buy Collision coverage on rental vehicles. You might consider the coverage anyway if you want to avoid a hassle should an accident occur. In seeking coverage, it is critical to remember that many coverage enhancements are absolutely free, but must be requested. Others are nominal in cost, but are sold, if possible, at an inflated premium cost.
Consultants are aware of free coverages and know the true going rate for others.
Except for Workers Compensation rates, this is not the case. All rates are negotiable based on the perception of risk. In addition, the extent and cost of coverage vary depending on the rating basis and classification codes used to define a company's operation. The rating basis may be the company's sales, payroll, square footage of facilities, frontage, or other criteria. Since some bases are less expensive than others, it is critical to use the right one and be sure it is stated in the policy.