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4 Reasons You Need Fleet Vehicle Insurance

Posted by Wilmar, Inc.


Does your business have a fleet of vehicles, but you're wondering what the best way to insure them is? Fleet vehicle insurance might be just what you need. It covers a fleet of business vehicles, allowing you to insure all your cars under one policy. 

Whether in the home services business, electrician, or a security company, this type of insurance can save you significant money and help you avoid potential legal and financial liabilities by mitigating the risks surrounding a fleet.

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Here are four main reasons why you should invest in fleet insurance:

1. Allows You to Insure Your Fleet Under a Single Policy

Buying fleet vehicle insurance covers all your business vehicles under one policy, eliminating the hassle of managing individual insurance policies. In the long run, you end up saving time and effort. 

Fleet insurance covers numerous vehicles owned or leased by your business, and you can register it under your company's name, a partner, or the director's. When buying, you can make monthly or yearly payments, depending on your company's needs and the deals provided by the insurer. 

2. Fleet Vehicle Insurance Caters for the Specific Needs of your Business

When you buy a fleet vehicle cover, the insurer can tailor it to meet the unique requirements of your company's fleet. For instance, if you operate a fleet of delivery trucks, the insurer may customize the coverage to include cargo and goods in transit. If you have vans for transporting passengers, they can customize the policy to include bodily injuries and property damage. 

Fleet insurance can also provide driver coverage, including employees, contractors, and third-party drivers. This can be useful in case an accident occurs during personal use.

3. It Makes the Claim Process More Efficient

Fleet insurance streamlines the claim processing procedure, making the process more efficient. Since fleet insurance covers numerous vehicles under one policy, it eliminates the need to file separate claims for each car. Other ways that this type of fleet coverage makes the claim process efficient include the following:

  • It allows you to insure all the drivers to all vehicles or assign named drivers depending on your company's specific needs. Therefore, when you make a claim, the process is smoother and more efficient than handling it through another type of insurance. 
  • Fleet insurance provides comprehensive coverage for various types of insurance to protect your fleet, including liability insurance, which is mandatory under federal and state laws
  • The coverage is easy to manage, allowing you to add or remove vehicles to the insurance policy as your business scales. 
  • It simplifies fleet management, including yearly renewals, which makes the claim process more efficient. 

4. Eliminates the Worry and Stress of Handling Different Insurance Policy for Each Vehicle

Managing different insurance policies for each vehicle in a fleet can be daunting and stressful, taking valuable time and resources away from the business. Fleet vehicle insurance consolidates coverage under a single policy, making it easy to manage your insurance, reduce stress, and save time and money. 

Bottom Line

Fleet vehicle insurance provides a comprehensive and cost-effective way to manage your business fleet. It allows you to insure all your vehicles under one policy rather than individually, which is more efficient and cost-effective. Therefore, this type of insurance is essential for your business vehicles' safe and effective operation. 

If you would like help with your business fleet management, Wilmar is here to help. We offer real-time GPS tracking for fleet management, allowing you to monitor each vehicle's location, speed, and general behavior. With our services, you can manage your fleet more efficiently and effectively. 

Visit our website to learn more about our fleet management services and how they can help you manage your fleet more efficiently.

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Topics: Fleet Management, Fleet News, Misc


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