Check driving records when hiring drivers and keep good maintenance records. If your employees take home company-owned vehicles, specify who can drive them so you can maintain control. Quick Tips Avoid pointing fingers . No name swapping . If your business owns a vehicle that you use for both business and pleasure, make sure it's still your business' name on the insurance policy, not yours.
Insurance companies require that the legal owner of the vehicle be the principal insured.
Safety for numbers . If you own a small fleet of vehicles that you park together overnight, there's more risk that they could all be damaged at once. Ask your provider about protecting your fleet by adding overnight premises exposure coverage to your existing property insurance. To reduce your insurance premiums, definitely consider larger deductibles, if your company can accommodate the occasional claim. And if your vehicle is more than 10 years old, think about dropping the collision damage component of the plan.