Company vehicles are one of the most important assets of a business. Transporting goods throughout the state or across state lines can be dangerous, however. Even leaving vehicles in the company’s parking lot can invite a lot of risk, so it’s important to protect your company’s assets as much as possible. Thankfully, there are plenty of ways you can protect these vehicles.
Purchase anti-theft technology.
Even simply having a light on the dash to show that the vehicle has a burglary system can be enough to deter thieves. If possible, park the vehicles in well-lit areas. Make sure nothing valuable is left within the vehicle that could catch attention of a thief.
Insure your work vehicles with commercial auto insurance.
Sometimes you can’t prevent the worst from happening, but you can be prepared in case it does. Certain coverages can provide compensation for incidents either on the road or in the parking lot.
- Comprehensive Coverage: Comprehensive coverage provides compensation for damages due to fire, wind, falling rocks or trees, lightning, theft, vandalism and more.
- Collision Coverage: Collision coverage provides compensation for damages that occur due to a collision with a vehicle or object.
- Liability Coverage: If the driver causes bodily injury or property damage while operating the vehicle, liability coverage can help pay for medical expenses, damage repairs and possible legal fees.
- Uninsured/Underinsured Motorist Coverage: This coverage covers damages that occur from an accident with a driver not carrying insurance.
Park in a parking garage.
If possible, park vehicles in a covered area to protect against storm damage such as hail. Some larger vehicles may not fit beneath cover, but smaller vehicles such as company cars should be kept under a roof.
Perform extensive background checks on all drivers.
When hiring drivers, it’s crucial to review their driving record. A bad record can not only mean an unreliable driver, but it can also mean that your insurance rates will be higher. Make sure every person you’re putting behind the wheel can be trusted to drive defensively and responsibly. This can also lower the chance of an actual employee stealing a company vehicle.
Keep up with maintenance.
One of the most important things you can do for your commercial vehicles is to keep them up to date. Tires should be reliable, breaks should be tested and any warning lights reported. Be sure employees know what to do in case of emergency.