Enter Your ZIP Code

5 Reasons Why Your Business Needs Group Auto Insurance


Most of us do not think that insuring a business is important up until an accident hits us. Do not let yourself become the unfortunate casualty of “I told you so.” Group auto insurance makes sure that organizations or businesses are covered. Below are five reasons why you need to get your business one:

You Have the Freedom to Choose.

With a group auto insurance plan, participation is never mandatory. True, it is one of the most affordable deals around. But we cannot discount other employees that can and may want to stick with a personal plan or perhaps use another family member’s insurance plan. In cases like these, an individual can opt to leave the plan should he or she chooses to without doing any harm to the general plan itself.

The Payment Terms are Flexible

A group plan does not necessarily mean that everyone pays the rates the same way. Most group auto insurance policies will allow its constituents the choice to work with a payment scheme that best suits their financial status. There are even other insurance providers that do offer the same flexible payment terms without interest or miscellaneous charges. You can choose to pay monthly or annually or whatever suits you the best.

Savings, Savings, Savings

Insurance companies that work with group auto insurance save on marketing and admin costs because they are catering to a group rather than to individuals. In most cases, the firms do not even need to make extensive background checks on the applicants. They merely leaving the “checking” to the procedures your employer or organization put you through when you applied to the job or for a membership. With all the auxiliary expenses out of the way, the insurance company can so boldly offer auto insurance at a lower, or even lowest, rate.

Draw Productivity In

If you are on the other end, meaning, you are the boss or the business owner, offering such a plan will draw in more productive and hardworking employees. Job seekers look at insurance benefits as one of the top priorities when considering a job offer.

Lessen The Hassle

Taking on a group auto insurance plan to your business will be a breeze. All the bulk of the paperwork and servicing will be covered by the insurance provider. The only thing you need to do is to facilitate the filling-out of the necessary forms by your constituents.