Commercial Fleet Insurance: Get the Right Coverage

Strong Tie Insurance May 28, 2020 Commercial Truck Insurance

If your business has a fleet of vehicles, it’s time to move from individual commercial vehicle insurance policies to a singular commercial fleet insurance policy. This will ultimately make things easier for you while allowing you to save money at the same time. The challenge is that with so many different insurance providers out there. You don’t just want cheap insurance quotes; you want to find the right fit coverage for your fleet.

Here is what you should consider when searching for the best California Fleet Auto Insurance.

When is it Considered a Fleet?

In California, your business is considered to have a fleet when you either: 

  1. Have 15 or more vehicles registered under the company’s name, or 
  2. Purchase five company vehicles within a single year. 

Once you are determined to have a fleet, you’ll get a fleet number that is required to be displayed on all of your company’s vehicles.

Before you have a fleet, each vehicle under your company’s name needs its own commercial vehicle insurance policy. Dealing with multiple policies at first may not be a big deal, but it can become a real burden as your company grows. A commercial fleet insurance policy combines everything into a single plan. You still have the same options of coverage that you’d have otherwise, but in a much more manageable package.

The Best Fit Coverage Has a Good Price

While the price of coverage is often the first thing people look at, it’s not necessarily the most important. Of course, you need to find California fleet auto insurance that fits within your budget. 

There are several items that play a role in how to find a cheap insurance quote.

Types of Coverage

There are tons of different types of insurance options. Each state has required minimum liability coverage that should be part of any policy you consider. On top of that, your unique business needs can play a role in what kinds of coverage make the most sense.

Here are some of the most common types of commercial insurance policies:

  • General Liability – covers the action of a driver on the property to someone else.
  • Primary Liability – covers the damage you cause while operating your truck.
  • Physical Damage – covers property damage to your equipment from an accident or from theft.
  • Non-trucking Liability – covers physical damages or injuries to others while your truck is not under dispatch.
  • Motor Truck Cargo – covers your cargo in the cases of theft, damage, breakdowns in refrigeration, and more.
  • Medical Payments – cover medical bills for the driver or passengers who are injured while traveling in your truck.

Uninsured or Underinsured Motorists – covers you in the case that someone else, without sufficient insurance, causes damages or injuries.

Low Risk Equals Lower Prices

Insurance companies are ultimately in the business of assessing risk. That means they are going to evaluate numerous elements of your vehicles and business to create an insurance quote. Here are some of the main items insurance companies will consider when generating your price:

  • How many vehicles are in your fleet and what type they are.
  • Your driving team’s individual driving records.
  • The kind of cargo you haul, where you deliver it, and how it’s stored.
  • Your company’s safety and inspection history

Feel safer and more secure behind the wheel.

Get the Insurance Coverage that suits your need.

Best Fit Coverage Knows Your Business

You not only want to find a policy that fits in your budget, but you also need to work with a company that understands your industry. Not all insurance companies are created equally, which means a cheap insurance quote may not be the only thing you consider.

Working with an insurance company that truly understands your business can mean the difference between a timely response or higher overall costs. Imagine a scenario where your driver is hauling a toxic material, and there is an accident. The spill could have detrimental results if it’s not cleaned in a timely manner.

An insurance company that doesn’t understand the risks associated with hauling hazardous material may not be in a rush to deal with your claim. That could mean waiting for local authorities to coordinate clean up efforts. The delay could cost your company tons of money.

An insurance company that understands your industry knows that a timely response to this accident is crucial. This provider is more likely to respond faster and know what steps are required to mitigate the amount of damage and associated costs with the accident.

Even if your company doesn’t handle toxic materials, there are unique things about your business that insurance companies need to know to best serve you. Even if a company doesn’t know the ins and outs of your industry, they should be willing to take the time to learn.

Best Fit Coverage Offers Excellent Customer Service

Some commercial fleet insurance companies keep their prices low by maintaining a skeleton crew and short business hours. You might find their insurance quotes attractive, but may not consider at what cost those quotes come.

If one of your vehicles is involved in an accident, natural disaster, or something else that puts your business at risk, you may need to get a hold of your insurance company right away. Companies with only a few staff members may not be able to get to your claim, question, or attempt at contact in a timely manner. 

The other challenge is if you have a need during non-normal business hours or the weekend. You can’t necessarily afford to wait around until someone can finally get back to you.

Get Your Best Fit Insurance Today

Whether you’ve had a fleet under your command for years or you are merely looking for a way to get the best possible fleet insurance for your company, you shouldn’t settle for anything less than the best.

At Strong Tie Insurance, we not only offer some of the most competitively cheap insurance quotes on the market, but we provide superior customer service from agents who have a deep understanding of your needs. We can customize an insurance plan that is perfect for your business. Give us a call for a free consultation today.