How Can I Reduce My NEMT Insurance Rates?

NEMT insurance can be expensive, and your rates may be higher than you’d like them to be. There are several ways you can lower your insurance rates, which we will discuss below. Contact The Wright Risk Consultants if you are in need of a NEMT insurance provider in Tennessee.


Train and Certify Your Drivers

Training your drivers is a very important part of your NEMT company, especially when it comes to your insurance rates. Providing your drivers with comprehensive training courses, as well as their completion of the courses, will help reduce your insurance rates. To go the extra mile, you can have your drivers certified as well. This will show your insurance provider that your drivers are safe and low-risk.


Schedule Routine Maintenance for Your Vehicles

It’s vital that you take care of your vehicles since they will be transporting at-risk passengers most of the time. Scheduling routine maintenance for all of your vehicles will keep your insurance rates low since your vehicles will be less at risk. Ensuring your vehicles are in great shape is also beneficial to keeping your drivers and their passengers safe.


Keep a Clean Company Track Record

One of the most important aspects of starting a non-emergency medical transportation company is making sure that you have a reliable source of medical equipment and supplies. You'll also need to set up a system for tracking orders and deliveries. In addition, you'll need to determine your pricing structure and make sure that it's competitive. It's important to remember that you may need to adjust your prices based on the location and type of service that you offer.


Implement Programs to Mitigate Risk

In addition to the areas listed above, Non-Emergency Medical Transportation Insurance can sometimes provide additional coverages such as medical payments, funeral expenses, wage loss, rental car expenses if your vehicle is damaged or destroyed in an accident, and more. Non-Emergency Medical Transportation Insurance can provide benefits to both the driver of the vehicle who may be injured as well as passengers on board with coverage for their injuries.

These are several ways that you can reduce your NEMT insurance rates. Overall, the best way to lower your rates is to implement procedures that will keep your drivers and passengers safe, which should be your top priority. Contact The Wright Risk Consultants today to learn about our NEMT insurance in Tennessee.