GADA Insurance Services has a comprehensive database of Property & Casualty claims information and loss trends in Georgia. We have seen that losses are on the rise in Georgia and want to make our dealers aware of these loss trends and how to prevent them from happening to your dealership. AUTO ACCIDENTS • Auto accidents are the loss leader for many dealerships. At-fault rearend collisions make up more than 50% of auto accidents from dealership employees. • In most auto accident claims, the BI (bodily injury) loss paid exceeds the PD (physical damage) loss on the vehicle. Lawsuits for BI are on the rise and even minor auto accidents with limited BI can be expensive! Ways to avoid rear-end collisions: • Look farther up the road to spot traffic stopping long before the vehicle in front of you slams on its brakes. This gives you time to stop, along with the cars behind you. • Check your mirrors more often. This will alert you to someone riding too close to you and give you a warning to leave more space in front of you. You might be better off letting that tailing vehicle pull around and pass you. • Stay focused on driving and do not become distracted. Limit your cell phone use. • As you slow to stop, look for an escape route to be able to get out of the way of a vehicle behind you that is not paying attention. Make sure your brake lights are working properly. Leave extra space between you and the vehicle in front of you. AUTO THEFT • Most auto thefts are the result of dealerships not following sound procedures in the areas of key control, dealing with wholesalers, and verifying the identity of customers. • Key control is both securing keys in a secure device but also keeping keys out of the hands of potential thieves and keeping them secured while not being used. AUTO DEALERSHIP LOSS TRENDS INSURANCE INSIGHTS SHAWN PRESNELL MANAGING DIRECTOR OF INSURANCE SERVICES THE GENERATOR 12
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