Automobile Frequency and Severity of Claims in the Roofing Industry Continue to Escalate Insurance Costs

Download the free driver selection guide to review best practice standards for ensuring your insurance costs stay low and your company drivers stay safe and accident free.

By: Rob Foote

The best performing roofing contractors have a very disciplined approach to driver selection. The drivers that the roofing firms placed behind the wheel of their vehicles largely determine the accident and crash record for the contractor. Drivers that illustrate a propensity for acquiring activity on their MVR's over the past 5 years are typically the under-performing operators with highest frequency of auto accidents and lawsuits from third parties.

We recommend you ask the question: would you permit that driver to be a permissive user of your own personal automobile?

If the answer is NO to the above, I would not permit that driver in my own personal vehicle then why place that driver behind a corporately owned vehicle? The driver could expose the roofing firm to major litigation and even negatively impact your family’s assets.

The strongest performing roofing contractors from a fleet perspective consistently apply minimum acceptable standards for new hires and then periodically run MVR's on existing drivers. The mission to maintain a solid nucleus of drivers that exercise safe driving behaviors which will over time consistently generate positive loss experience and hence stable auto insurance costs.

Just one single mid-level or large claim on the commercial automobile policy can have a substantial impact on the roofing contractor’s automobile insurance costs. We invite you to utilize a driver selection guide to review best practice standards from a fleet loss control perspective.

There are other specific loss control strategies that best in class roofing contractors embrace. We are pleased to share proven strategies with you that reduce insurance costs and hence reduce overhead expense associated with vehicle ownership and operation.

For more information contact the roofing industry experts, Roofing Risk Advisors.

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