Why Your Company Needs a Fleet Insurance Policy

car rental fleet

Every business needs a reliable means of transport to run its operations. If you are in the transport business, you might even need to have more depending on the volume of clients you deal with. Either way, you need to secure these priced assets. When it comes to insuring commercial vehicles, taking an individual policy for each might not be a prudent move. Instead, it is advisable to get one comprehensive policy for all of them.

fleet of trucks

It is your responsibility to keep your vehicles insured. An auto insurance plan is meant to protect other road users and your possessions as in the case of a comprehensive motor insurance plan. These benefits cut across both individual insurance policies and fleet insurance. You are legally mandated to insure your vehicles on the road or otherwise risk huge penalties as fines imposed by the relevant court. So you can never ignore the need to insure your vehicles provided it will get to the road.

Fleet insurance policies

Now that we understand the benefits of having an auto insurance policy, we need to look at the benefits of having a fleet insurance plan. Unlike individual car insurance, fleet insurance plans are recommended to companies with more than three cars. Individual plans are prescribed for individuals and companies with one to three cars.

Benefits of fleet insurance

There are many reasons most companies prefer getting fleet insurance and not individual policies. Why do they find fleet insurance policies appealing over individual policies? Read on!

Convenient: Handling multiple insurance documents can be cumbersome especially when the company involved owns many cars. A single policy document for all vehicle with has a single renewal date for all vehicles. The terms and conditions will always same.

Saves time and money: Another good thing about a fleet insurance policy is that they are economical. As such, fleet owners pay reduced amounts per unit without compromising the benefits offered by the policy.

fleet of cars

Flexible: Most fleet insurance policies offer a great deal of flexibility when it comes to the use of the vehicles in their fleet. In most instances, any driver is allowed to drive each vehicle in the entire fleet. This leaves you with more freedom to use your vehicles and little concerns to think about.

Finding the best policy for your fleet can be complicated. Since most business, owners are too busy to do this on their own, not forgetting that they need nothing less than the best cover, most of them resort to comparing insurance quotes online insurance review platforms. This way, one conveniently find a decent deal.

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