Technology that prevents rear-end collisions can reduce the occurrence of accidents or at least mitigate their severity. This often translates to lesser damages and reduced insurance claims. A recent study showed that rear-end collisions constitute about 29% of all road accidents. While this type of collision does not often result in serious physical injuries, damages to the vehicles can be costly to repair. For example, a damaged bumper will cost about $350 to repair for a minor accident and go up to as high as $10,000, if the vehicle was involved in a severe crash.
The good news is car manufacturers are pushing out new innovative technology to help prevent rear-end collisions. By preventing these collisions or simply reducing the severity when they occur, these technology solutions help reduce insurance claims.
Rear-end collisions at low speeds have been reported to be the most common type of accidents. City Safety was designed to tackle this problem. First introduced in 2008, City Safety is an automatic emergency braking (AEB) technology made by Volvo. It is a groundbreaking technology as the first auto brake system designed specifically to avoid low-speed collisions when driving in stop-and-go traffic. The system becomes active when the car is moving at a speed that ranges between 2-18 mph. It uses a laser that is mounted on the front bumper of the car, which measures the distance between the front of the car and any object in front of it. If the car approaches an object within a certain range, City Safety automatically applies the brake. This stops the car, thus preventing a possible collision. It works perfectly both during the day and at night; however, its performance can be affected by some weather conditions such as fog or snow. These days, many other vehicle manufacturers are installing similar emergency braking systems.
While this technology may be unable to completely eradicate rear-end collisions, it reduces the severity of the accident if it happens. This, in turn, reduces the damage to the vehicles and saves both the car owners and insurance companies some money.
Another emergency braking system detects an imminent back-end collision and automatically applies the brakes to either avoid it completely or lessen the impact. It uses cameras or sensors mounted on the rear bumper of the car. The software constantly retrieves data from either the sensors or cameras and uses it to calculate the probability of a crash occurring. If the results fall within some pre-determined parameters, the automatic braking system is activated.
Between 2010 and 2017, insurance claims for rear collisions for amounts under $2,000 represented about 17% of overall claims, resulting in a total of $8 billion paid for damages. Rear automatic braking systems can reduce these claims by at least 28%.
Buying a car with built-in technology to prevent the occurrence of rear and front-end collisions will save you both time and money. You won’t have to file insurance claims very often, and when you do, it will be for smaller amounts. This will prevent insurance companies from increasing your premium. If you are looking for a reliable insurer for your car in Whitestone, Flushing, Bayside, Little Neck, and surrounding cities of New York, you can check us out at Abatelli. We will help you find a suitable insurer for your car in no time. Contact us today!
As a business owner, you must ensure your business has the right amount of insurance coverage to protect it against unpredictable events. For over 100 years, Abatelli Group has been meeting the commercial insurance needs of businesses in the NY area, and we will be happy to walk you through the process while ensuring we pick the best policy for your business. Making an uninformed decision when choosing the amount of coverage your business needs could have costly consequences.
To get you started, here are 4 features to look out for when choosing commercial insurance for your business.
If running your business involves driving company-owned vehicles, then your commercial insurance should include coverage for such vehicles. Commercial auto insurance covers damage to the vehicle or another person’s property in the event of an accident, as well as injury to the driver of the vehicle or someone else. Business vehicles can include vans, construction vehicles, trucks, etc. Personal car insurance will usually not cover any damage caused while using the car for commercial purposes, hence the need for this type of coverage.
: Businesses are relying more and more on technology to solve problems and ensure the smooth running of their operations. While this may boost efficiency and help the business to keep up with its competition, it also makes the business more vulnerable to cyber threats. Having a business insurance plan that covers cyber liabilities will help mitigate financial losses that come with data breaches and other covered cyber events. This may include covering the costs of restoring stolen data or paying litigation fees if a client’s personal information is leaked or stolen, and they decide to sue your business.
This protects against damages inflicted to another party during your company’s operations. Such damages include property damage, bodily injury that occurred on your business premises, and harm inflicted by your product. It may also cover any damage that was caused by an employee in a location outside your premises.
: Commercial property insurance protects your business properties in the event of unforeseeable circumstances. Circumstances such as theft, fire, vandalism, and explosions are covered by this policy. The physical assets that are protected include your building itself, important business documents, all office equipment, manufacturing equipment, inventory, and other outdoor items within the premises.
You’ve worked hard to build your business. The cost and risk of leaving your business unprotected are not worth it. Talk to the team members at Abatelli Group, Inc. to find out how we can protect your business from unforeseen circumstances. With a reliable commercial insurance, we can help your business if it is located in Whitestone, Flushing, Bayside, Little Neck, or surrounding cities of New York. Contact us today to get started.