But here is what you can do actually:
- develop system that will attract driver and make them want to work for you
- establish HR department or if you are small hire recruiting agency
- establish bonus system that will reward them for good driving habits
- set up paid vacations and see how you can turn $1000 cost into huge benefit
10. Register and establish company In more affordable states
Some states like Indiana or Ohio for instance tend to have cheaper insurance prices if the company is established there. No 100% precise reason for this practice but insurance companies are estimating that there is less risks associated if your company is based there.
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It can make sense if you ask me but let’s not spend hours analyzing why is that like that. You can’t change it so use it if you can. If you are living close to some of those “cheaper” states and you don;t have issues establishing an office there and drive an extra hour per day – this could be a great solution for you. You could save tens of thousands of $$$$ just on insurance prices and taxes annually. Think about it.
11. Set Up Safety Program to Train Your Drivers (each 3 months)
If you become a company that has a safety program and safety training procedure established to train your drivers this can be really helpful to prove to insurance company that you are serious when it comes to safety. In most cases now days this kind of programs are established and present in bit trucking companies and small and medium trucking companies just started with this practice.
Source:www.esi-alphatec.com
If you think you can dedicate certain amount of money for this each quarter just go after this. Insurance companies love these kind of activities and decide to reward it will lower insurance prices. Present to them the following and make sure you will earn cheaper truck insurance:
- Set up a safety training for your drivers every 3 months
- Continue to monitor and analyze their improvements and create reports
- Reward them for successful adoption of trainings
As you can see the path towards cheap truck insurance is a long journey but I’m sure you can reach it. Organizing the company according to these steps will make it way easier to run and it will reduce the headache of unexpected events. Just take your time and step by step create a safe company and in the same time – Save a lot of money!
