Fleet Insurance Protection Considerations
If you have any number of company vehicles, you need to invest in a commercial auto insurance policy, or fleet insurance policy. As your business continues to grow, you may be adding on more vehicles, which means you will also need to increase your fleet insurance coverage. While you are growing and expanding, make sure to consider these fleet insurance coverage options:
Physical damage coverage – having more company vehicles means more chances of damage. Make sure to look over your policy to ensure that you have enough coverage against physical damage, including coverage for vandalism, collisions, and falling objects.
Liability coverage – while you can do background checks and check driving records of all of your drivers, you still do not really know them. Increasing your liability coverage will make sure that your business will not be financially devastated if one of your drivers causes an accident.