Fleet Insurance

If you drive for work, you may wonder whether your regular auto policy also covers your work vehicles, or whether you should switch to commercial vehicle fleet insurance. Here is an explanation of who is eligible for a commercial policy and what fleet insurance companies cover.

Who Needs Fleet Insurance

Some insurance companies regard a fleet as a group of five or more cars or trucks; many others, however, will provide coverage for businesses with only two vehicles. Fleet insurance might benefit you if your company does any of the following:

  • Carries passengers
  • Employs delivery drivers
  • Provides vehicles for employees
  • Allows employees to drive personal cars for work

What It Covers

Fleet insurance simplifies your life by protecting all your vehicles under the same policy. Examples of claims it covers include the following:

  • Personal injuries
  • Catastrophic weather events
  • Theft and vandalism
  • Rental vehicles

What It Does Not Cover

Fleet insurance covers most of what a regular automobile policy would cover. The following claims are usually excluded:

  • Injuries covered under workers’ compensation
  • Replacement of parts due to normal use
  • Unsafe activities such as drifting or drag racing
  • Personal property transported inside the vehicle

Vehicle insurance is mandatory in most states, and a good idea everywhere. Be sure your coverage protects you to the fullest amount possible.