Commercial auto insurance varies from Personal auto insurance, and its’ processes are different from insured to insured to insured. Many commercially insured auto companies choose to protect themselves and their companies name by getting a specific and properly customized Commercial Auto Rating system in order to receive ratings, details about their business and information from the DMV about a client. DMV reporting systems provide useful information to auto insurers about what an individual or company has registered under their name as well as a variety of other information.
When choosing a system to help your business obtain rating information in real-time without hassle, consider finding a company that offers these services, as well as others that are more individualized:
- Multi-State Policies – It’s important for your rating system to not only include a clients state vehicle information, but also if they’re registered in another area.
- Experience Rating – The system should be able to provide you with information on how well the business has prospered in the past, their locations, even their specialty vehicles.
- DMV reporting – Data can be obtained from the DMV for information on registered vehicles to help determine what type of premium should be offered incase of a coverage inquiry.
The International Standards Organization (ISO) sets bars in which to be met by Commercial Auto Insurance Providers as well as many other fields. Knowing how to receive the correct information in real-time can help your business operate smoothly and efficiently. Viewing all of a clients policies, what they’ve done in the past, and their DMV rating can be easy with a commercial rating system.