Handling your business’ car accident the right way
A high percentage of businesses run vehicles. They do so to get to meetings as well as sell and deliver their services. For many business owners, their vehicle is an essential tool. Without it, serving their customers and landing new ones becomes practically impossible.
So, if it is involved in an accident, it is extremely important to get things sorted out quickly. In some cases, the damage is minor and nobody is injured, which means the insurance companies can sort things out in a week or two.
Know when to hire a lawyer
The problem comes when things are more complicated. Perhaps the other driver was uninsured or someone was hurt. In which case, they are likely wondering how much to ask for pain and suffering from a car accident and preparing to sue you. If the injuries are serious you may end up having to pay out a lot of compensation. Your insurance policy coverage may not prove adequate. In which case, that cash will have to come out of your business. Draining your reserves and leaving you struggling to keep things ticking over.
So, after an accident, it is wise to at least speak to a lawyer. They and your insurance company will be able to help you to decide whether you need the services of a car accident lawyer.
Inform the police
Generally speaking, calling the police even if you have only had a minor accident is a good idea. Their presence tends to keep everyone calm and they can play an important role in gathering evidence. If anyone is refusing to give out their details they will be able to help with that too.
Document the scene
At the scene, be sure to collect everyone’s insurance and contact details. If there are witnesses get their details too.
Take plenty of photos. You need to take distant shots, from every angle, of the scene as well as close up shots of any damage. It is wise to take multiple shots. The chances are you will be a bit shaken up after the accident. So, your hands may not be steady, which could lead to some of your photos being a bit blurred. The clearer they are the easier it will be for you to prove your case.
As soon as you can, draw a diagram of where the vehicles ended up. Include road markings and street furniture like traffic lights and fire hydrants. You will be surprised how much drawing this bird’s eye view of the scene helps you to remember and demonstrate what happened. You can use this simple tool to make it easier for you to do that.
Keep track of your expenses
You will likely not be able to manage for more than a day or two without your business vehicle. If this is the case, you will need to hire something. Make sure that you keep all of the receipts for this, so that you can include this cost in any claim that you make.
Renewing your insurance
Unfortunately, the fact that you have had to claim for an accident is likely to mean that the premium for your next year’s coverage will be higher. So, be sure, to schedule enough time to shop around for affordable coverage.