There are many factors that determine the annual business auto premium for your Colorado or Denver business. The driving records of your employees that operate your company vehicles for business can have a significant (50% or more) influence on your annual commercial auto premium. We strongly suggest that you order Motor Vehicle Records (MVR) for your current employees at least once a year.
During the hiring process order a MVR for any potential employees before they sit down to discuss the job with you. Please click here for instructions for potential employees to order records from the Colorado DMV. There are violations that may make a current or prospective employee ineligible to drive under the insurance or could potentially increase your premium. Please contact Orcutt Insurance Group to discuss your insurance needs.
Below are links to companies that can help your company obtain employee driving records:
There are two types of violations type A (major) and type B (moving violations or “other”). Insurance companies have different standards but the following is a good guide for violations and how they impact your policy.
No type A violations in past 5 years and no more than 2 other or type B violations.
Type A Violations:
- Driving while intoxicated
- Driving while in possession of an open container
- Driving under the influence of drugs
- Reckless Driving
- Homicide arising out the use of a motor vehicle
- Driving while suspended
- Using a motor vehicle for a commission of a felony
- Driving while suspended
- Aggravated assault with a motor vehicle
- Permitting an unlicensed person to drive
- Grand theft of an auto
- Two other moving violations in the past three years
- One other moving violation and one at-fault accident in the past three years
- Two at fault accidents in the past three years
Type B or “Other” violations include:
- Speeding (less than 20 mph)
- Failure to yield
- Illegal passing
- Unsafe lane change
- Improper turn
- Following too closely
- Defective vehicle
If an employee or potential employee has one or two “other” violations the impact on premium is small or minimal. Any amount over this will begin to influence the auto premium substantially.
The last item to consider is the age of the driver. Younger drivers (18-24) are more expensive. If they are required to have a commercial driving license, three or more years of experience is preferred and usually required.
Orcutt Insurance Group provides numerous Colorado and Denver businesses with Commercial Auto Insurance policies. These policies can range from a one man contractor to a large fleet of trucks carrying goods all over Colorado and the surrounding states. Please let us know if you have questions or would like to discuss your insurance needs.
Thank you for your consideration.
The Orcutt Group Team