If you own a business where you have a fleet of vehicles, you are going to need to get some sort of fleet insurance. How to determine the right policy for your situation is the biggest question that most owners face. The answer, of course, depends on the individual requirements of your business. One of the first things to consider is the number of vehicles that you have. As you add vehicles, you are increasing the risk level that your business will be involved in an accident.
If the business has two vehicles being used for commercial business travel, and three vehicles for a personal delivery company, compiling two commercial fleet insurance policies and three personal fleet insurance policies would become an enormous headache. Sooner or later, all of the company vehicles would end up in an accident, and you would have to make a choice about the total cost of the repairs. Fleet insurance only covers all of the company vehicles. So if there were three trucks, four vans and one car, the business would be responsible for the repairs for all of the company vehicles. The breakdown cover would cover the personal cars only.
A personal fleet insurance policy will pay for the repairs to your personal vehicles only. If you have an expensive van, you might want to consider the fleet auto commercial auto quote. The coverage limits are usually much higher, and the premiums are lower. But if you have more than two vehicles in your business fleet, you may want to consider a commercial auto quote. Many companies offer a discount for multiple vehicle policies.
There are different types of fleet insurance available, based upon the nature of your business. There are two main types of commercial auto or fleet insurance. It’s either fleet insurance. But it depends also on whether you want to insure one vehicle or your entire fleet.
The commercial auto insurance policy is designed for your company vehicles and your drivers. So it will cover any accidents involving your vehicles, and the repairs that need to be made. It will also provide coverage for any employees that are driving your vehicles, and their personal cars. These policies do not normally cover the vehicles when they are not in use. So you would have to get an individual policy for each.
Some fleet auto insurance policies provide for emergency expenses, which could include towing, if your vehicle breaks down or is stolen. It also will pay for the medical expenses and replacement of personal items that are stolen from your vehicle. If your fleet consists of twenty vehicles, or more, these policies could also cover your personal cars and even provide coverage for your personal drivers. It would be wise to check with your insurer, because every state has different definitions of how much insurance you need, and how the insurance is paid for. Many states have specific regulations when it comes to auto insurance.
You can usually get a good deal on commercial auto coverage if you shop around. If you are buying a package, such as a vehicle, policy, and liability coverage, then you are going to save money on the premium. However, before buying anything, be sure to do your homework. Make sure you understand how the system works. Check with a local auto insurance company and see what kind of coverage they offer, and what the terms of the policy are.
There are many different auto insurance vehicles that you can insure, and it depends on how much risk you are assuming for your business. One thing you can do is get a small van insurance policy, which is specifically designed to meet your company’s needs. These policies usually cover your company vehicles as well as your drivers and other employees’ vehicles. So if you only have a couple of vans, or a small fleet, you may want to think about this option.
