Understanding Fleet Insurance

Motor vehicles are an integral part of many businesses’ operations. However, owning and piloting cars, trucks, buses, vans, and other automobiles also involves significant risk levels. Accidents for which a company is at fault and incidents that damage your vehicles could incur expensive financial consequences. That’s why many commercial enterprises must prioritize suitable fleet insurance.

What Is Fleet Insurance?

The capabilities and features of fleet insurance can often resemble those of commercial auto insurance, potentially providing financial protection from many vehicle-related incidents and losses. However, as its name suggests, fleet insurance is intended for companies that use several vehicles, such as those in the shipping and transportation sectors. Additionally, fleet insurance can typically list several employees from the same business on a policy, potentially allowing for steadfast coverage for incidents regardless of which named worker was operating the insured vehicle at the time.

What Does Fleet Insurance Cover?

Fleet insurance can often be tailored to suit a business’s unique circumstances, including applicable legal requirements, risk levels, operational details and budget constraints. Policies may frequently feature the following financial protections:

• Third-party liability coverage may help pay for other parties’ losses should a policyholder be at fault an accident that causes bodily harm or property damage.

• Collision coverage may assist with repair costs if a company’s vehicles are damaged in a crash.

• Comprehensive coverage may offset losses accrued due to fires, criminal activity and severe weather.

• Uninsured/underinsured motorist coverage can offer compensation if another party is at fault for an incident but does not have sufficient insurance.

How to Get Fleet Insurance near Clearwater, FL

As a trusted and longtime member of the Clearwater, Florida, community, United One Insurance is well-positioned to help businesses in the area secure proper coverage. Contact us today to learn more about fleet insurance or to compare personalized quotes.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.