Commercial Truck Insurance coverage is critical to your business
It’s in the news. You hear more and more about massive jury awards that result in a business’ financial ruin.
Most business owners never expect to encounter a loss that exceeds the limits of the coverage they have to manage accidents, mistakes and injuries—also known as liability insurance—but unfortunately in today’s business environment, it happens too often.
A large loss could impact the business success you’ve worked so hard to achieve and destroy your hopes for a bright future.
Valley Trucking Insurance Agency can help you protect the assets you have today by providing added coverage where you need it most. We can help you build a tailored commercial truck insurance solution that meets the specific needs of your business.
Fleet Insurance Features
Commercial vehicle policies are a major part of fleet insurance, and they cover the vehicles themselves against damage and loss.
In most cases, fleets that focus on services (handymen, locksmiths, and similar professions) will see the largest discount on their premiums. Vehicles used for retail work, such as delivering food or flowers, usually see a more moderate reduction in premiums. Finally, companies that ship either people or large volumes of products see the lowest reduction, simply because there tends to be more damage in a collision. The current average is more than $20,000 for each incident, and since fleet drivers tend to be on the road far more than the average person, there’s a greater likelihood of a collision sooner or later. However, this is when having the proper insurance coverage becomes invaluable.
What’s Covered by Fleet Insurance?
The main component of fleet insurance is its blanket coverage of vehicles and employees—any employee will be insured while driving any vehicle in your fleet unless they’ve been specifically excluded from the policy. This is ideal for companies where vehicles frequently have different drivers, as well as companies that have vehicles out on the roads on a regular basis. All fleet insurance policies will meet or exceed the minimum amount of coverage required for commercial vehicles in your area.
If you’re not sure whether a vehicle you use qualifies for coverage under a fleet policy (for example, you have a privately owned vehicle that’s also used for business purposes), talk to a Nelson Insurance Agency agent and we’ll let you know if your vehicles are eligible.
