Home > Insurance Blog > What Business Owners Need To Know About Commercial Fleet Insurance
What Business Owners Need To Know About Commercial Fleet Insurance
Posted by Legacy Insurance Group on
What Is Commercial Fleet Insurance?
Fleet insurance covers a group of motor vehicles owned or leased by a business for commercial purposes.
What Does Fleet Insurance Cover?
For companies that own more than 2 or more commercial vehicles (called units) , fleet insurance is an easy way to provide liability protection to cover all vehicles and drivers under one policy. Fleet insurance, like regular commercial auto insurance can provide bodily injury and property damage liability for drivers listed on the policy as well as physical damage coverage including both comprehensive and collision coverage. Optional coverage such as roadside assistant and rental reimbursement coverage can also be added on.
What Are The Benefits of Fleet Insurance?
The convenience of having only one policy to cover all business vehicles provides several benefits including lower insurance premiums, ease of doing business by only having one policy and renewal date and reduced office admin and management expenses.
Fleet insurance can cover several different classes of vehicles and also include mixed-use vehicles. Without a need to take out an individual policy on each unit owned by the business, fleet insurance is a convenient solution for business owners.
How Much Does Fleet Insurance Cost?
This will depend on the number of vehicles owned by the business, what types of vehicles are being insured, the age of the vehicles, how frequently the vehicles are used, the market value of the vehicles, where the vehicles are garaged and the driving history of the operators listed on the policy, among many other factors.
How Do I Learn More About Commercial Fleet Insurance?
Contact our local agency today at 703-430-1200 for more details on how you can properly protect your fleet of commercial vehicles.
A licensed agent can help you secure the policy coverage you need or assist you with information on insuring your Auto, Home, Life or Business