When it comes to shopping for the right car insurance coverage, we strive to make sure we have the plan that comes with the most value for the best price from an insurance company for ourselves and our loved ones to stay protected on the road. The same approach should be taken for your healthcare brand.
With our help, you can figure out just which type of coverage your company may need, as well as some of the additional options you didn't know were there that can keep you and your employees safe as you promote your brand.
Understanding Car Insurance
When shopping for the best car insurance plan for your company, it's important to do your research to understand the different types of coverage that can provide you with peace of mind. The most common, and legally required, type of auto insurance is green slip insurance. Also known as compulsory third-party insurance, this covers expenses brought on by claims if you injure or kill someone in a car accident with bodily injury liability coverage.
Beyond coverage for financial liability, comprehensive coverage offers extensive protection, including collision coverage, and a safety net in the event of theft, vandalism, fire, or floods. Third-party property insurance policies are also an appealing option, as this form of collision insurance covers the damage you or anyone under your auto insurance policy may have caused to another person's vehicle or property. This doesn't cover your own car.
For that, you'll want to invest in third-party fire and theft insurance, which will cover your cars in the event they go up in flames or potentially get stolen.
Consider value and discounts.
When looking into the type of auto insurance and the amount of coverage you need for your brand, be sure to consider potential discounts that some car insurers may be willing to provide. For example, if your company relies on young drivers below the age of 25, that could actually impact your monthly car insurance premium. These younger drivers are considered a greater risk, however, some companies offer a good student discount for good students in the classroom who are just getting behind the wheel.
Older drivers could be eligible for lower premiums based on age as well as a clean driving record. You can look into these available discounts when it comes time to renew your insurance policy. Don't be afraid to look into what other coverage may be available when you review and renew your auto insurance coverage annually. Older drivers can even acquire discounts for taking defensive driving courses.
Keep your entire fleet protected.
For a healthcare provider, it's important to look into comprehensive insurance from the best auto insurance company for your buck. Multi-car insurance policies offer the best deal if your brand has its own fleet of vehicles. If your company has other policies like renters insurance or health insurance, you could consider working with your insurer to bundle into one insurance policy.
While your auto insurance can provide peace of mind on the road, so can being equipped for any emergency, even medical. It may be worth it to consider having employees get certified for Pediatric Advanced Life Support. There are many reasons to get PALS certified, starting with providing better care in emergency situations. PALS certification covers the recognition and intervention to prevent respiratory or cardiac arrest in pediatric patients.
These courses also cover CPR, as well as the administration of medications and other therapies. This preparation can come in handy in sudden moments like a car accident or a medical episode and are an undeniable asset to have employees fluid in. Understanding basic life support can be a tremendous difference maker for multiple lives in critical moments as well.