Commercial Truck Fleet Policy Insurance

Would a Commercial Fleet Insurance Policy be right for your business?

Majority of insurance companies look at a trucking company that has 10 or more units as a fleet risk. These trucking companies require broader forms of coverage and usually get a better per unit premium.  These policies are issued on an auto basis where no vehicle schedule changes are needed. This type of policy insures you for your use of owned, non-owned, hired vehicles, sub-contracted vehicles, even for the use of private passenger type vehicles. These policies can be written on specified auto, gross revenue or mileage premium rating method. Selecting the right option for you simplifies your insurance coverage requirements and can reduce the overall cost. Some advantages of a fleet reporter policy are deposit down payment options, any auto symbol and the companies have designated loss control departments to assist you with safety.

Commercial Truck Fleet Policy Insurance Coverage

  • Scheduled Auto Reporting

  • Gross Revenue Reporting

  • Mileage Reporting

Commercial Truck Fleet Policy Insurance Coverage Definitions

Scheduled Auto Reporting

This reporter policy is good for the smaller fleet that has a minimum amount of vehicle changes each month. At the inception of the policy a per unit premium is established that will be charged each month. Advantage is there are no extra cost if your revenue or mileage increases during the year.

Gross Revenue Reporting

This reporter policy is good for the larger commercial trucking business. The policy is set up at inception with a premium rate which is applied monthly to the revenues generated for each month. Depending on receipts the fleet policy can increase the overall premium at the end of term, or stay steady depending on your annual receipt totals.

Mileage Reporting

This reporter policy is best suited for the commercial trucker that has steady and stable routes each year. The key is to have a mileage history to review at the inception of the policy so the insurance company can base the monthly rate on your history and going forward. This reporter should only be used if you anticipate your mileage to roughly stay the same all year. If your mileage increases during the year, this policy might end up costing you more in the end.

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