A commercial auto insurance policy, also known as Fleet insurance, is required under most circumstances when the vehicle is used for business purposes and meets certain other requirements. It is not just the registration that determines the requirement for a business automobile insurance policy. Other requirements are ownership by a corporation and the use of the vehicle.
Fleet insurance is a convenient way for businesses to cover all of their company-owned cars and trucks with one policy.
Fleet insurance offers business owners the option to allow employees to drive any vehicle at any time, while also protecting the company’s investment. It provides coverage for damage caused to other people’s property by an employee driving a company vehicle, as well.
One of the benefits of fleet insurance is that it’s easy to change the policy with the addition of a new vehicle or a change to coverage limits with a quick call to the insurance agent.
State laws about insurance regulations for commercial vehicles differ from the rules about privately-owned vehicles. For help understanding the laws in your area, and to find out about fleet insurance options, please contact us today.
Witkin Scott Associates, Inc offers free, comparative quotes on Commercial Auto Insurance from multiple insurance carriers so you can get the best possible rate.
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