Insuring A Successful Future
7 DRIVER'S DIGEST FINANCE INSURANCE IS IMPORTANT Your truck is a major investment to your business, and protecting it is essential. Convenience, value and dependable protection are key considerations when you're in the market for a truck, as well as the fi nancing and insurance to support it, many times a full-service transportation package available through your dealer can be your best and most affordable business solution. PURCHASE CONSIDERATIONS Being covered under your carrier's policy means that the carrier selects the insurance company and the extent and types of benefi ts and coverages offered. Most importantly, you are only covered as long as you are with that carrier. This means that should you change carriers, or should your carrier's rates change because of the carrier's poor loss experience, your insurance costs could increase even if you never had a loss. Understanding your indi-vidual business needs and working to protect your interests is why purchasing an insurance solution through a truck manufacturer's fi nance company (such as Volvo Insurance Services ) can produce many benefi ts including:  Guaranteed Rates: For the term of your fi nancing when included in your fi nance contract.  Convenience: One-stop shopping of both fi nancial and insurance products from one dealer.  Peace of Mind: Knowing your coverage will be there so you can foncus on what's important - your business. WAYS YOU CAN SAVE Insurance costs can vary depending on a variety of factors. You can take several measures to minimize claims thereby controlling your costs, such as:  Truck operator training  Safety devices that minimize theft of trucks  Proper service and maintenance schedule Also, a safe driving record deserves to be rewarded. Ask your insurance provider or carrier whether they will reduce your deductible after each year you have not filed a claim. Sometimes referred to as a diminishing deductible , your safe driving can result in as much as a 50% deductible reduction. Insurance is an essential part of being in the trucking business. It deserves as much attention as your fuel, tires and maintenance costs. With some extra consideration on your part and an insurance agent experienced in writing truck insurance, you can protect your assets and livelihood at an affordable cost for years to come. *Not all products are available in all states or Canada. While similar provisions apply in Canada, this article is written primarily for US-based trucking busi-nesses. Volvo Insurance Services does business as Volvo Insurance Services Agency Services in Michigan only. Michael Gay, CPCU ARM CIC, Insurance Sales Manager for Volvo Insurance Services, has over 25 years of insurance and risk management experience and more than 15 years dedicated to insuring the truck and transportation industry. For more information about how ways to save through Volvo Insurance Services, call Michael Gay at 1.888.601.3871. INSURING A SUCCESSFUL FUTURE