Finding the Right Fleet Insurance Policy
May 12, 2022
If you are an employer with two or more vehicles used for company business, it is crucial that you are aware of the financial impact that a traffic crash could have on your company. According to a traffic accident report compiled by OSHA, NHTSA and NETS, motor vehicle crashes cost employers $60 billion annually in medical care, legal expenses, property damage, and lost productivity. In fact, the average cost of an on-the-job accident with no injuries is over sixteen thousand dollars, and with loses it keeps going up from there. Owning a fleet of vehicles is usually a very positive sign that your business is doing well, but once you have multiple cars, trucks, or vans on the road your exposure to collision loss, damage, and injuries increase exponentially.
Protecting Your Assets by Mitigating Risks
Managing your business comes with great responsibility and protecting your assets by mitigating the risks surrounding your fleet is very important. By purchasing the right fleet insurance policy, you are protecting the vehicles and drivers that make your business successful. Moreover, fleet insurance is usually less expensive than carrying individual policies on each vehicle and can be tailored to meet your specific needs for coverage. If your business relies on a fleet of commercial vehicles to perform essential tasks and assist in the daily operations of your company, the independent agents at Nsurance Nation can assist you in finding a policy that protects your investment. Let us show you how to save time, money, and hassle by eliminating the need for individual commercial auto insurance plans.
How Fleet Insurance Works
You already know how auto insurance works for your personal vehicles, but when you have multiple vehicles and drivers doing business for your company every day, things can get complicated. Instead of insuring your company’s vehicles individually (which can be very costly), you can save money while maintaining flexibility and control by insuring all of your vehicles under one policy. A typical problem that comes from using personal auto insurance is that the coverage can fall short of the liabilities faced by the business owners in the event of a work-related accident. Instead, by covering a broader range of liabilities, the right fleet insurance policy will mitigate the risks inherent to operating your company vehicles while on-the-clock.
Nsurance Nation has multiple carriers to choose from to provide the right coverage for your business.
With commercial fleet insurance policies, most businesses will have an opportunity to choose from either a “named driver” or “any driver” option for operating company-owned vehicles. Generally speaking, fleet insurance for “any driver” policies offer larger companies added flexibility by reducing the need to track vehicle usage, but open-ended options can also raise premium costs. This is due to the fact that you are spreading the risks of all drivers across all company vehicles. At Nsurance Nation, we offer alternative solutions for higher risks drivers, such as specifying “named driver” status for younger vehicle operators or convicted drivers. For most smaller businesses, it is usually much more affordable to simply assign drivers to specificed vehicles.
Here at Nsurance Nation, our staff understands no two businesses are alike and we remain dedicated to finding the best fleet insurance policy to protect your company’s assets. Put our 35 years of experience to work for you today by using this website’s Click Here for Quotes option or call us direct at 1.833-450-9490.
