Understanding Fleet Insurance

Commercial fleet insurance is important for any business that has more than two vehicles operating under its umbrella. It is a way for a business to save money by insuring its vehicles collectively instead of individually. Generally, insurance carriers consider a fleet to be three or more vehicles, though some consider a fleet to be five vehicles or more.

What Does Commercial Fleet Insurance Cover?

Fleet insurance covers liability risks for all of a company’s vehicles on one policy. It applies to cars, trucks, vans, SUVs, construction vehicles and tractor-trailers. Generally, any employee can be driving any vehicle in the fleet and be covered by the policy. 

Fleet insurance covers collision and liability and businesses can also add roadside assistance, uninsured motorist coverage and comprehension coverage that protects against things like vandalism and theft.

What Does Commercial Fleet Insurance Cost?

Typically, the more vehicles in the fleet, the higher the cost of the policy. Other factors that can impact cost include policy options, the types and intended uses of the vehicles. 

Commercial fleet insurance saves businesses money while protecting against all kinds of liability. It makes it easy to keep track of all of the vehicle-related insurance needs that the company has.