Limousine Charter & Tour

January 2017

Magazine for the professional limousine, charter and tour industry.

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LIMOUSINE, CHARTER & TOUR JANUARY 2017 47 W here Craftsmanship Counts ™ a Cabot Coach Builders Company 120" Corporate - 99 Newark Street, Haverhill, MA 01832 • ph. 978.374.4530 or 800.544.5587 • fx. 978.521.5425 S aleS & ServiCe CenterS: Massachusetts, New York, New Jersey, Florida, California, Nevada • www.royalelimo.com © 2014 Cabot Coach Builders, Inc. Why not learn more about the Royale MKT 120" limousines. Call us today, toll free and speak with a Product Specialist. 1.800.544.5587 www.royalelimo.com email: sales@royalelimo.com check all drivers' MVR (motor vehicle records). Establish and adhere to driver guidelines, and have a formal training program in place. • Monitor vehicle maintenance • Review DOT authority and safety re- cords (www.safersys.org) as well as state and local authority records. "If there is one point I want you to remember today," Ackerman said, it is frequency of claims breeds severity, and that tells us a big event is coming. You need to control your operation and ev- eryone has to be accountable for training and safety." Tip To Remember To get the best rates, Marroccoli suggests operators need to be more vigilant in the renewal process. "Most people think about their policy 10 to 30 days before renewal, when they should be dealing with it 60 to 90 days out. You should talk to your broker and review your ac- count and make sure it is up to date and accurate. If your account shows lots of losses, then something is wrong and needs to be corrected." — Tom@LCTmag.com • Instill in chauffeurs a sense of owner- ship of the vehicles they drive so they are more prone to take care of them and drive more cautiously. • Consistently go over safety manuals and procedures with chauffeurs, and implement an incentive program for safe driving. • Make sure your affiliates and subcon- tractors are fully insured and their cer- tificates are on file and up to date. • Review your loss runs and fix problem areas or patterns. • Review your hiring practices. Regularly mentioned that he had three clients he estimated saved more than $1 million in payouts because cameras recorded acci- dents where the driver was not at fault. He noted one accident where a bicycle messenger ran a stop sign, which the camera recorded, proving the chauffeur did not cause it. Here are some additional strategies from the panel to keep insurance rates low: • Don't file a claim for every scratch, dent, or cracked glass. Ask yourself, Is it worth it to file a claim? • Consider higher deductibles. "If there is one point I want you to remember today," Ackerman said, it is frequency of claims breeds severity, and that tells us a big event is coming. You need to control your operation and everyone has to be accountable for training and safety."

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