In short, fleet insurance refers to the package of policies that covers all the vehicles in your fleet. If you're curious about fleet insurance, keep reading to learn how it works and how it can save you money no matter where your next route takes you. Both federal and state laws require that all vehicles in the fleet have commercial fleet insurance, specifically liability insurance. This covers bodily injuries, property damage, or a combination if your drivers are at fault for an accident.
These are just a few examples, but any company that has more than three cars in service can get a fleet insurance policy. Fleet insurance policies can also save the customer some money compared to individual car insurance policies, although customers should consider the loss rate, the use of the vehicle and the driver's history, as all of these factors can affect the price of premiums. As with buying car insurance, you'll want to take advantage of the amount of fleet insurance policy quotes you can get. That said, car rental companies aren't the only companies that can benefit from fleet coverage of cars and vans.
Insuring your fleet seems like a no-brainer, but it takes a lot to obtain and manage commercial fleet insurance. For example, if you have a fleet of taxis, you'll need to take out specific fleet insurance for taxis instead of a generic fleet insurance policy. Buying business fleet insurance instead of personal car insurance has several benefits, especially when you need to insure multiple vehicles. If you're not sure what type of fleet insurance your company needs, talk to your insurance provider to see which one would provide you with the best coverage.
Get the best liability insurance for contractors. & transactions with Contractors Insurance, a division of KASE Insurance. However, the type of vehicles you're insuring can determine how much you'll pay for insurance for your commercial fleet. The stability of the fleet policy is maintained as long as only the number of cars in the commercial auto insurance policy is changed.
Having collision coverage in your fleet insurance policy protects you from costly repairs when your vehicles are hit by another car or object.