Insurance Cost Triggers and How to Reduce Them

John Simms, Senior Risk Advisor at HNI
Jeff Davis, Vice President of Safety at Napa River Insurance Services
Hayden Cardiff, Founder/Co-CEO, Idelic

John Simms, Senior Risk Advisor at HNI, and Jeff Davis, Vice President of Safety at Napa River Insurance Services, join moderator Hayden Cardiff to discuss what triggers insurance cost increases and how fleets can reduce their premiums. Together, they lay out simple actions fleets can take to avoid these costs including:

  • Organizing data to tell your true story
  • Improve retention to impact your insurance rates
  • Steps to start building a safety culture that reduces premiums
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Section highlights:

  • 00:16 – Speaker Introduction
  • 02:48 – The Main Data Points Insurers Use to Underwrite
  • 08:57 – Proving You’re a Safe Fleet Without a Perfect Safety Rating
  • 14:15 – Safety Cultures That Help Reduce Insurance Premiums
  • 39:59 – Commercial Insurance Today
  • 42:35 – What Regulatory Actions Would You Like to See Taken?
  • 48:31 – Question and Answer
  • 53:36 – Start Seeing Lower Premiums: Next Steps For Your Fleet

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