Commercial vehicles are an essential part of many companies across the country, whether they're used for making service calls, delivering products to customers, or traveling to and from client meetings. However, it's important for business owners to regularly assess their commercial vehicle to determine if it's still a beneficial part of the company, or if it's become a liability or financial drain. In today's Aegis blog post, we provide three specific areas to evaluate for your commercial vehicles.

Functionality and Business Needs

Business vehicles should regularly be evaluated to ensure they are meeting the current needs of the business and are providing maximum functionality for daily operations. For example, a restaurant might initially choose a smaller vehicle to make customer deliveries, but if they experience significant growth in their delivery and catering services, a larger car or van may be needed to help meet customer demands.

Repair and Maintenance Costs

A commercial vehicle is helping a business if it's reliable and properly in order to run the daily operations. When it stops becoming reliable then it can impact revenue and the company's reputation with customers if there are constant breakdowns or delays. If a commercial truck, van, or car starts to break down and needs constant repairs to function properly, it may be time to consider replacing the commercial vehicle with a newer model. The cost of a newer vehicle would be vastly outweighed by the high cost of constant repairs and maintenance.

Fuel Efficiency

Finally, businesses can gain a financial advantage when they utilize fuel-efficient vehicles for their commercial needs. Vehicles with improved fuel efficiency result in lower fuel costs and may also qualify for tax incentives if the vehicle is a hybrid or electric vehicle. Also, companies can gain a positive reputation in the community by choosing clean vehicles that lower pollution and carbon emissions.

Business owners should take the time each year to evaluate the reliability and fuel efficiency of their commercial vehicles, as well as the costs involved in regular maintenance and repairs. Aegis Insurance & Financial Services is pleased to partner with restaurant, retail, and other companies to ensure that their commercial vehicles are also well protected from accidents or damages through our comprehensive Commercial Auto coverage. Contact our Aegis office at 713-850-7622 for more information, or fill out our online form for a free quote!