The costs of an auto accident can vary greatly and are not restricted to money. In many cases an accident depending on how severe it is and how it is handled can greatly affect the company's reputation as well as the driver's future employment.  Financially, a serious accident can involve lawyers, medical bills, adjusters, reparations and much more - most of which your insurance company will be responsible for as part of your policy. However, that will not stop them from increasing your rates in the future.

Also, an accident is a very stressful time for a driver to think and act correctly. Being prepared and having a plan in place can reduce the chances of making this situation worse. Your plan should include an easy step by step reference guide on how to conduct yourself during an accident and include a corresponding accident investigation report.  Each driver should acquaint themselves with the guide and ensure there is at least one copy in their vehicle.  The accident investigation report should as a minimum include the basics such as information for each driver, insurance information, where and when the accident happened, road conditions, description of the crash, and witness information.  It is absolutely paramount that the accident investigation form be filled out at the time of the accident in it's entirety and your insurance company be notified as soon as possible. Providing this information in a timely manner will reduce costs down the road and help foster a better relationship between you and your insurance company.  Some basic preparation can mean a big difference in the event of an accident - take care of your drivers and they will take of you!