CDL Fleet Insurance
When a business is small, maybe consisting of just a few employees, and only one of them uses their vehicle for company business, standard auto insurance is normally fine. Once a business starts to grow, however, and several employees begin driving company vehicles (or using their own vehicles for company business), it makes sense for the business owner to purchase fleet insurance. Fleet insurance is a type of commercial insurance that covers a fleet of vehicles under one policy, as opposed to each vehicle being managed under its own auto insurance policy.
Vehicles are very expensive to purchase and maintain. They are a significant investment for any business, but especially a trucking company. Business owners need to protect those investments by controlling how much coverage each vehicle receives. Coverage provided by the driver's insurance may not be sufficient for a brand new rig. Having fleet insurance ensures that vehicles have adequate coverage and the business's assets are protected.
With a fleet insurance policy, owners can decide how much coverage each vehicle receives-more coverage for newer vehicles, possibly less for older vehicles. They can utilize different types of coverage such as comprehensive, liability and roadside assistance in any way that they see fit.Businesses are not limited to applying the exact same coverage to every vehicle on a fleet insurance policy. It pays to shop around, as business insurance quotes for fleet coverage can vary considerably.
Employing only safe drivers is a good standard business practice, but it also helps lower the premiums for insurance. Insurance companies offer discounts for drivers with clean records and drivers who take driver safety courses. Insurance premiums will also be lower if a company maintains a larger deductible, and if they lower the limit of the insurance.