What Is SR-22 Insurance
It is estimated that almost forty percent of all car accidents are related to work. This does not matter whether it is a driver who have been distracted or an employee who was in a rush but all the cost eventually adds up to business. There are variety of costs which are associated with car accidents. All the medical bills will be on your side in case one of your employees suffers injuries in the course of conducting their duties.
Also note that you might have to pay for the repairs of the car that have been damaged. Another concern that might be involved when it comes to this is the increase in costs of insurance. when shopping around after one or two accident, then you might hear SR-22 insurance being said. Ensure that you well know what is this kind of insurance and are you in need of it when it comes to your business. There are various things that you will need to know about the SR-22 type of insurance so that you can be enlightened before you decide to take it out. When it comes to SR-22 insurance, here are the various things that you will need to know of so as to make sure that you well prepared.
You will first need to know what is SR-22 insurance as many people do not have an idea of what this is. SR-22 is a form that is court ordered by the sate you are in and this is after your license have so many points. IN order for the insurance company to prove that our have enough insurance, then they will have to file the form with the government. You might also come across FR in some states. This is just like an SR-22 though it will usually need more liability insurance. This is mostly used on those drivers who had an alcohol-related conviction.
In case you find out that you need the SR-22 insurance, then you will need to know that you are in trouble with the law. You might be required to file SR-22 bond for a number of different reasons. In some states, one of this reason happens to be drunk driving infractions. Some of the other reasons as to why you might be ordered to have SR-22 bond is in case you cause an accident when you dont have an insurance, reckless driving, driving without insurance as well as injuring someone in an at-fault accident.