It is estimated that almost forty percent of all car accidents are related to work. Irrespective of whether it is an employee who is in rush or a driver who is distracted, all these costs will eventually add up to business. When it comes to car accidents, you will need to know that there are so many costs involves. In case it happens that an employee suffers an accident on the course of working for you, then you will need to know that you will be liable for paying all the medical bills.
You might also be required to pay for the repairs of the damages that happened to the company vehicle. Cost of insurance is another thing that will increase when your employees have been involved in an accident. When you are looking for insurance to subscribe for and your company vehicle have been involved in one or two accident, then you will hear the term SR-22 revolving around. Ensure that you well know what is this kind of insurance and are you in need of it when it comes to your business. Before you take the kind of insurance that you are looking for, you will need to have greater awareness about the SR-22 insurance so that you dont end up subscribing on something that you have no idea of. In this article, you are provided with some additional tips concerning the SR-22 insurance and anything important that you will need to know about it.
You will first need to know what is SR-22 insurance as many people do not have an idea of what this is. SR-22 is a form that is court ordered by the sate you are in and this is after your license have so many points. The file will need to be filed by the government by the insurance company that you are working with so that they can prove that you can enough insurance. There are also some other states where you will come across FR. You will need to know that FR is almost the same as SR-22 through one will be required to have more liability. The FR is mostly used for those individuals who have convictions that were related to alcohol.
In case you find out that you need the SR-22 insurance, then you will need to know that you are in trouble with the law. You might be required to file SR-22 bond for a number of different reasons. This in some states will imbued in drunk driving infractions. Some of the other reasons as to why you might be ordered to have SR-22 bond is in case you cause an accident when you dont have an insurance, reckless driving, driving without insurance as well as injuring someone in an at-fault accident.