Company auto-related costs are accelerating as new technology becomes available, creating more expensive cars with more distracted drivers. The distractions come in various forms: from high-tech computer systems integrated in the car to the already dangerous situation of using a cell phone while driving. Because the cost of vehicles continue to increase, the cost of repairing damaged vehicles is also increasing. Companies that operate a fleet of vehicles should be aware of all the risks and have plans in place to reduce these risks.
Written by Frank Eldridge and Matt Hene
In recent weeks, three major hurricanes have made landfall in the Caribbean and the continental United States. Hurricanes Harvey, Maria and Irma left widespread damage throughout the Caribbean and Puerto Rico, as well as, the East and Gulf coasts of the United States. While many in the affected areas have had power and water services restored, others are still without these vital services. While these storms have proven to be costly, businesses that have insurance coverage are experiencing a slow and tedious claims process.