Many businesses utilize vehicles to achieve various tasks. Whether this is driving employees to and from a customer’s home or delivering packages, you want to make sure you have all the necessary safeguards in place. If your business has a whole fleet of vehicles, this means having fleet insurance.
What Is Fleet Insurance?
Fleet insurance is a type of insurance coverage that is designed to protect fleets of commercial vehicles from a variety of common risks. You need a minimum of three business vehicles to qualify for fleet insurance but you can have up to 500 and even more in some cases.
Why Is Fleet Insurance Better Than Individually Insuring Your Business Vehicles?
If you have enough business vehicles to qualify for fleet insurance, you should choose to purchase that, rather than insuring each of your business vehicles individually. This is because you will likely save money with fleet insurance because it acts as a sort of package deal. Additionally, keeping track of one insurance policy/payment is a lot easier than keeping track of 500.
If you have a fleet of business vehicles, you need to make sure you have adequate insurance coverage. However, this process doesn’t have to be miserable. Fleet insurance can offer you coverage for all your business vehicles under one affordable policy!