If a company uses a truck for business purposes, even only part-time, it is likely that there is a need for commercial vehicle insurance. This need may arise in some not so obvious ways, such as when a business owner lends his or her personal truck to an employee to run an errand for the company. That is a commercial use of the vehicle, which may not be covered under a personal automobile insurance policy.
Additionally, when a company has more than one truck in operation, especially when there are multiple drivers of the commercial vehicles, the company may benefit from insurance of those vehicles as a fleet. A fleet is usually four or more vehicles used for commercial purposes. Even an individual that drives four or more personal vehicles may benefit by switching to fleet insurance.
Common Uses for Fleet Insurance
Common uses for fleet insurance include trucking companies, rental car companies, taxis, delivery services, buses, company automobiles used by outside salespersons, and many others. If your company has more than one truck or a combination of trucks and automobiles that it uses for commercial purposes, check with your agent at The Owens Agency, LLC serving Waldron, AR, and the surrounding areas to determine if fleet insurance is the appropriate choice for coverage.
Advantages of Fleet Insurance for Trucking Companies
Having fleet insurance eliminates the stress and extra work of maintaining separate insurance policies for each vehicle. There may be economic advantages, and the claims process is usually very efficient. If a fleet of trucks is used to transport goods, some policies also provide additional coverage for the value of the products being transported.
Contact your agent at The Owens Agency, LLC serving Mena, Waldron, AR, and the surrounding areas to learn more about the fleet insurance solutions that would be beneficial for your business.