If you are running a trucking business or any business that has multiple vehicles then there is one thing that is on your mind. Getting insurance on all your vehicles. Luckily many companies offer fleet insurance to cover businesses for just such an occasion. Commercial fleet insurance is a little different from regular insurance in a few ways.
For instance while regular insurance covers a few small vehicles; commercial fleet insurance covers your entire fleet. This is generally sold at a lower price then insuring every car and truck one at a time. There is less paperwork involved as well. That’s a good thing regardless of what type of business you run.
Commercial fleet insurance isn’t just for trucking companies. Many businesses whether they be large or small use fleet insurance if they have more than 3 vehicles. Catering services will often employ it on their vans in case of an accident. In this case they might have addition coverage if the food is damaged. Not joking, food is a business product nowadays and it takes time and effort to make stuff for large events. In the event of an accident you need coverage on your products.
Besides food catering shipping companies also use commercial fleet insurance. This is essential for all their delivery trucks. As you can guess they have full coverage in the event something happens. Keep in mind these delivery trucks are full of packages whose value can get quite high. Having insurance that covers these is important.
Truck fleets use commercial fleet insurance for obvious reasons. Owning over 50 big rigs can be a strain and you need to have them all on one insurance form. This makes it easier to organize in the event something happens. Of course if something happens there are going to be more pressing matters than just getting your papers in order.
There are many other kinds of vehicles besides semis and delivery trucks that need insurance. But we don’t have time to go over all of them here. Suffice to say companies offer many programs to suit a variety of business needs. Prices vary on type of vehicle and coverage amount required. Additional cost will be determined if you need anything extra on your trucks.
Normal companies use the commercial fleet insurance as an economical approach for their sales representatives and other staff who have a company car. Naturally taxi owners really need to have commercial fleet insurance, they would be lost without it.
Additional costs might include hazardous materials coverage. In the event of a wreck that involves hazardous or flammable materials this will cover any damage done by the cargo to anything outside the truck. This is needed if you’re hauling hazardous or flammable material. Most cities don’t like it when truckers come through with no insurance and are hauling tankers full of gasoline.
Commercial fleet insurance is a great thing to have if you are dealing with a fleet of vehicles. Remember insurance is required for all vehicles whether they are part of a fleet or not. Safe driving is a responsibility and laxity in that responsibility can lead to some auto accidents. Auto accidents lead to court cases, and court cases lead to paying out a lot of money. No one wants that now do we?
