Hunter Nelson explains how bundling workers' comp and commercial auto insurance lets you add a high deductible, like $5,000, so small claims around $2,000 stay out-of-pocket and don't trigger your insurer. It's a cost-control move for growing companies.
So these guys will do the work comp for you. It's all one bill, it's all paid weekly. So they'll do all that coverage for you. They'll do the physical damage obviously, you know, and then they're going to have the rental reimbursement. They're going to have all sorts of those sweet little perks on there where, hey, your truck's sitting down. You're not going to be paying a crap ton of stuff out of pocket. They'll even allow you if you guys are getting big and maybe you're too new for a captive or anything on those lines. They will even allow you to put a high deductible so you can on everything on the auto liability and all sorts of stuff. So that way, you know, if somebody's going in there and turning in claims and you're like, gosh, this is a $2,000 claim. I don't want this to be put on my insurance as an at fault accident. Well, guess what? If you get a 5k deductible on there, boom. Insurance won't even look at it. Hey, it's under your deductible. Deny it right away really won't hardly affect you. Boom. You just pay it out of pocket and you're sin pretty dang good there.
