How should one approach selecting the right amount of insurance for their golf car fleet program?

Selecting the right amount of insurance for a golf car fleet program requires a comprehensive understanding of the specific hazards and risks associated with that fleet. Working with an insurer allows for a tailored assessment, ensuring that the insurance coverage aligns with the unique circumstances of the facility. This collaboration helps identify potential liabilities, operational risks, and specific needs of the fleet, which can change based on usage patterns, geography, and local regulations.

By engaging with the insurer, facility managers can gain insights into coverage options that might not be readily apparent through market evaluations alone. This process also allows for the development of a risk management strategy that can help minimize the cost of premiums while ensuring adequate protection against potential claims or incidents.

While evaluating market rates can provide a general sense of pricing, it's not sufficient for determining the appropriate coverage limits needed for specific risks. Choosing the least expensive option often leads to inadequate coverage, exposing the facility to financial losses. Consulting online resources may offer general information, but it lacks the tailored advice that comes from working directly with an insurer who understands the nuances of the fleet and associated risks.