Non-emergency transportation envisages moving people who are not able to drive or for some reason cannot take a taxi to get to their medical appointments. It leads to the conclusion that these clients have special needs that should be served up to a certain standard. Undoubtedly, there are risks and responsibilities that the company takes up when transporting such patients. Not to mention that nobody can tell when you will get into a typical car accident. Although NEMT drivers are highly skilled, they cannot control their surroundings. These and other factors force companies to get proper coverage for their businesses. So, is it worth taking some insurance program, or is it cheaper to take a risk? Let’s consider the basic needs of any transportation business and draw conclusions from there.
What does NEMT company do?
Large or small fleet, the number of daily trips can vary. Regardless, every business owner should calculate possible month or weekly damages to the vehicles. That is without mentioning the coverage of the drivers. Hence, not to come across unexpected expenses after a car accident, insurance companies have special programs for NEMT businesses.
What kind of insurance works for NEMT?
When selecting the insurance, assess your needs. If you have multiple types of vehicles and use them to the full extent, consider getting coverage for each. If you have one type of vehicle, and some spare or unused ones, you might postpone insurance. The packages should be selected based on Fleet size and type (regular transport or wheelchair-equipped,), as well as the Insurance requirement of the broker. Although it might seem that insurance is a universal thing, the market is quite competitive. Select a company that can provide more options and has discounts. Some companies offer discounts for the time you cooperate with them, some have discounts if your business has a wide variety of vehicles. Negotiating good working terms with the insurance company is a good investment into your future. Note that in some instances, companies want to know more about the strategic plans if you are fresh on the market. It is a policy that applies to startups usually. It does not mean that you cannot get a good deal, but a standard procedure.
Calculate your expenses for insurance and compare them to damage to the most expensive vehicle on your fleet. In the long run, your monthly insurance payments do not eat into your pocket that much. Research all the possible options in your area to see who offers the best deal, and do not hesitate to ask for better terms of cooperation. Plan for the future expansion, and see how the company can adjust to that and what packages it can offer. Taking care of your vehicles is as important as taking care of employees and clients. Insurance gives you cover for many unpredictable situations.