Vehicle Insurance for Commercial Fleets

Fleet Insurance

Businesses that rely on company-owned vehicles must ensure they are protected in case of an accident. With many miles being logged, often by a large number of different drivers, the potential risk is high. Having the right insurance for a fleet of vehicles is essential.

Who Needs Fleet Insurance?

Something that is considered to be part of a fleet can come in many forms. Cars, vans, trucks, buses, semi-trucks and construction equipment are all vehicles that can be found in a fleet. The types of industries that need transportation insurance are wide-ranging. Here are just a few examples:

  • Taxi and limousine services
  • Local governments and utilities
  • Trucking companies
  • Landscaping businesses
  • Tour bus companies
  • Construction contractors

What Does it Cover?

The benefit of fleet insurance comes from having multiple items under one policy. In many cases the vehicle types don’t even need to be the same – a specialized work truck and a passenger car can be on a policy together. The coverage is similar to personal auto insurance in that it includes collision, property damage, and liability protection. The difference is that it can be customized to meet the needs of your fleet and your industry, including any minimum requirements for commercial vehicles. This can save your company in overall insurance costs.