Start by asking your current broker for a copy of  your fleets authenticated claims experience. When you ask for a copy from your current underwriter it will start a ball rolling leading to possibly reduced premiums come policy renewal time. You may be asking what is it? Within the industry it is a standard form that details information on your fleet's performance over a period of 3 years (or less if the business is new). The form contains all the details of each vehicle, such as any claims made and the frequency of payments made by the current underwriters to cover your claims. It will also show any claims that may still be pending. This form will also be requested by any future underwriter and by just asking you can be sure it will alert your current broker that you are looking at alternatives give you some leverage to negotiate a better deal come renewal time.

Often overlooked, but the cost of your motors plays a key role in determining your premium, as such you may wish to consider buying cheaper vehicles or choosing ones that fall into the categories that attract lower premiums, which correlates to the initial vehicle price plus costs to repair. This is also true for family vehicle insurance policies.  

Can Ambient Intelligence Lower Premiums

The age of the autonomous vehicle is getting ever closer. The investment has brought many rewards, by making cars manufactured in recent years 2012 onwards safer. For example FCW which stands for full collision warning and alerts the driver that may have been distracted or even fallen asleep to take immediate action to avoid and avoidable collision. The strides in deep learning and in particular CNN that enable objects to be identified coupled with end to end learning has enabled many advances in vehicle safety a good example being lane keeper assistant LKA.  Many of these are referred to as having ambient intelligence, which means the safety mechanisms will step in to help only when required. These driving aids will help make fleet driving safer and reduce the human error element which is responsible for 94 percent of vehicle accidents in America. The big question is what impact will that have on your premiums, enhanced safety will translate into less risk for the broker and surely that will bring down costs. The answer to that question is still to be arrived at.

Get the  Governments Pass Plus Certificate

Don't Over insure 

Always check what is included in your motor fleet policy as you may find that your have cover that your business does not need and removing any such items will bring down costs. Whilst over insuring means paying for something that you do not need be careful that you do not omit  cover that is required or skimp on the level of protection leaving yourself or your business under insured.