Insuring a fleet may seem like a breeze, but several factors will play a part in managing and obtaining fleet truck insurance. Creating an effective strategy for managing your fleet and your fleet truck insurance will ensure you remain compliant with the rules and regulations, and it will help you protect your finances and your assets.
What is Fleet Truck Insurance?
When we talk about fleet truck insurance, we are often talking about buying truck insurance from a single supplier. As a result, some operators are rewarded with a discount. It can cover small fleets and large fleets of commercial vehicles. A fleet of trucks can be small or large and they can be worth thousands of dollars or millions of dollars.
Regardless of how much the fleet is worth, one can still benefit from a reduction in premiums and hours of administration, and this can make the entire fleet management more manageable. A fleet truck insurance policy is designed to be systematic and trouble-free to manage when compared to having multiple insurance policies for different commercial trucks.
Thankfully, insurance brokers have the ability to reduce the complications and frustrations of fleet truck insurance by covering multiple trucks and drivers with one policy.
Choosing the Right Fleet Truck Insurance
Managing a fleet of trucks comes with a wealth of responsibility. To mitigate any risks surrounding the fleet you operate, it is important to have the right fleet truck insurance. Choosing the right fleet truck insurance for your fleet will require you to think about the risks associated with the types of assets you have in your fleet.
You can leverage the fleet data that has been made available to you, and you can think about your surroundings when you are trying to determine what type of insurance is best for your fleet. You will need a fleet truck insurance policy that will fulfill the needs of your business. The right fleet truck insurance policy will provide liability insurance coverage for every truck in one comprehensive policy.
At a minimum, a fleet truck insurance policy will provide enough coverage in terms of liability and collision to meet the requirements set by your state. You will also have the ability to add additional options and coverage.
What Can Influence Insurance Costs?
Generally, the more trucks you have in your fleet and more on your policy, the more you will pay. However, this is not the only factor that will influence costs. Some of the factors that can influence costs are listed below:
- The age and type of trucks
- The value of your trucks
- How you plan to use your trucks
- The type of policy you have selected
To ensure you do not overpay for your fleet truck insurance policy, we encourage you to compare multiple policies and quotes before you make a decision. There are several ways to reduce the cost of your fleet truck insurance policy without reducing the type of coverage you want. Want to find out more about J.E.B. Insurance Services, LLC’s fleet truck insurance? Contact us today. J.E.B. Insurance Services, LLC is licensed in Florida, Georgia, North Carolina, South Carolina, Texas, Iowa, Nebraska, Tennessee & Illinois.
