Whether you have one vehicle or many, if you use your vehicles for any commercial purpose at all, you need commercial or fleet insurance for your rolling stock. This is very important because if you do not specifically cover your vehicles for the purposes for which they are used, you may find a claim being denied you by your insurance company at some future date. Even if you just drive your car to work and use it for business appointments, you should have business, commercial or fleet coverage – even a fleet of one.
Fleet insurance has pretty much the same legal requirements as personal auto insurance. However there are exceptions because states do have different rules. Statewide can help you with this. It is especially important if your vehicles operate across state lines.
If you have trailers, liability insurance isn’t needed for them because they are not vehicles. Generally, the liability insurance of the vehicle towing also covers the trailer. It is important to note that comprehensive and collision coverage for the trailers generally need to be written separately though.
Here are some other important points:
- make sure all drivers are listed under the fleet policy. If a driver is not listed, there is no coverage if they get into an accident;
- most fleet policies will not cover drivers under the age of 25;
- the drivers must be properly trained and licensed on the vehicle they are driving; and,
- the drivers must have good driving records.
- that your equipment and goods inside the vehicles must have separate coverage for theft and vandalism and this is usually covered by “inland marine” coverage which is a separate policy.
Statewide Insurance will help you find the right insurance coverage for you and your vehicles. Whether you have a large fleet or a small one, we have the experience and knowledge to help you get the coverage you need at the price you can afford.