No matter your business, you need to have liability insurance coverage and other coverages. If you have a fleet of vehicles working under you, then you may need specific coverages for those risks and liabilities. This is where fleet insurance comes into play.
What Is Fleet Insurance?
Fleet insurance covers all of your business’s vehicles under the same policy. Your policy requirements and cost will depend on the size of your fleet and what you use your vehicles for. For instance, most delivery fleets have higher costs attached because of the value of the goods that they transport.
What Types of Coverages Are Included?
When choosing fleet coverage, there are federal and state laws that govern which policies you have to include. The purpose, of course, is to protect your drivers and your business. The types of coverages you may be able to obtain include property damage liability, bodily injury liability and combined single limit.
You can also add on coverages such as physical damage in case of vandalism or theft, collision or underinsured or uninsured motorist coverage.
When you have a fleet of vehicles, you are responsible for every one of the automobiles. The best way to protect your business and your drivers is to protect each one with the same level of protection through auto fleet insurance.