AMERICANEWSDAILY
June 24, 2021

5 Ways to Lower Commercial Truck Insurance Premiums

Insurance

Operating a commercial trucking fleet can be a profitable business. But, like any business, you want to make sure to protect your investment with insurance. You should be covered if one of your fleet gets in an accident or other mishap.

When it comes to commercial truck insurance in Peoria AZ, there are several things you can do to keep your insurance premiums down.

1. Increase Your Deductible

Believe it or not, you can lower your premiums by raising your deductibles. However, you should make sure the deductible you choose is one that you can afford to pay if something happens. Your commercial truck insurance agent can review your policy to suggest the best options for you.

2. Hire Drivers with Clean Driving Records

Just like personal vehicle insurance, where your premiums increase with traffic infractions or accidents, with commercial truck insurance, the driving records of your crew can affect your premium costs. When hiring drivers, try to find those that have less than two minor driving violations within three years.

3. Hire Drivers With Experience

You can also lower your premiums by ensuring your drivers have at least two years of experience as a Commercial Drivers License (CDL) operator. Experienced drivers are more knowledgeable on dealing with traffic hazards such as bad weather or challenging routes.

4. Map Your Trucking Routes

Where your trucks are driving can also affect your insurance premiums. For example, your premiums will be higher if your trucks are operating in high population cities or areas predisposed to lousy weather.

5. Use Newer Trucks

Make sure your trucks aren’t older than ten years. Your insurance premiums are impacted by the age, condition and value of the trucks. Ensuring your vehicles get regular maintenance and upgrades on the latest equipment can also help lower your premiums.…

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Buying Or Selling A Commercial Property? You Need These Tips!

When it comes to learning about commercial real estate people always think that it is hard. Yet just like anything else the more you learn the less difficult it seems. Here are some tips you can use and apply to decisions you might make when it comes to commercial real estate.

Ask your leasing agent about the company’s policy about returning your security deposit. Some companies will deduct cleaning costs, tear and wear regardless of the condition of your apartment when you move out. Have a clear picture about the fate of your deposit before you sign the lease, as you might lose a significant amount of money when you move out.

Network and make connections with other real estate investors, as this is an excellent way to learn about great deals. Not only is this a good way to find possible properties to buy, but you will also gain a great deal of knowledge from the different experiences of other investors.

If you are relatively inexperienced with commercial real estate investments, don’t forget that as with other investment types, there is a learning curve that will allow you to select and pursue properties with more confidence as you become increasingly familiar with the process. Don’t rush yourself. Be sure to take the time to absorb all of the details and processes involved.

Obtain and study information about the number and types of businesses surrounding each commercial property that you are considering, based upon the underlying type of business that will likely occupy the property. A deli or restaurant space might not be your best option if there are dozens of established eateries within a five-mile radius.

Determine whether there is adequate access to and from your business for thoroughfares and deliveries you anticipate. There could be very large vehicles needing to access your business, and if the access to and from the property is not sufficient, you want to consider finding another option in commercial real estate listings.

Consider the property tax rate of the commercial real estate you are interested in. Determining the costs annually for owning the commercial property can help you decide whether the annual costs are within your budget. There are several factors that can increase your costs as well, including MUD’s, various other U.D.’s, and even Property Owner Association fees.

If you and your broker are negotiating a piece of commercial real estate that you want and receive a poor offer, do not dismiss. Initially, you will usually not get the best price, as this is a typical haggling method. Talk with the seller and try to reach a compromise.

From this article and all of the tips you have gained here you should feel more comfortable when thinking about commercial real estate. Just make sure you understand and remember all of the knowledge you just read about. With what you just learned from the article you should be well on your way to making the correct decisions with confidence in commercial real estate.…

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