Have you recently increased the number of cars in your fleet? Or, are you seriously considering doing so? If so, there are a few factors that you need to take into consideration when it comes to your commercial automobile insurance. Your fleet is a huge investment, and it should be taken care of accordingly.
Think about the following factors as you move to expand your fleet.
- Get more physical damage coverage
Your personal car is a valuable asset. You probably do everything in your power to keep it in good condition and make sure it is protected.
When it comes to your fleet, you are talking about multiple vehicles, which means that you have a lot on the line. Getting adequate protection is essential.
Do not let an accident destroy your business. Get physical damage coverage that protects you in the event of an accident, vandalism, and even falling objects. When you work with Esurance for your commercial automobile insurance needs, you can get hired automobile coverage as well. This means that cars that are rented out will also have physical damage coverage.
- Make the limits of your liability coverage higher
Pretend for a moment that you and a friend are in charge of a contracting company. You just got started and you only have a few vehicles. You manage the cars well and know where they are at when they leave your property. Therefore, your insurance limits are appropriate for the situation at hand.
However, let’s say the company expands rapidly. Suddenly you have a lot of automobiles and a lot of employees. You’ve done your best to hire good workers, but you have only just met them. Getting higher liability coverage is important, because if an accident takes place, your business will not be on the line.
- Keep your products safe
Depending on the type of business you have, the automobiles in your fleet may be carrying products and equipment. Make sure you have inland marine coverage as a part of your policy. That means that any valuables that are on the cars or at the work site are protected.
- Get roadside assistance
You will likely update your vehicles on a regular basis. However, you will still experience breakdowns from time to time, and it can be costly to get those vehicles towed. Get roadside assistance added to your insurance. Your workers will be able to call a certain number if they need help, and you will protect your wallet at the same time.
- Speak to your insurer on a regular basis
As your fleet grows and changes, you need to make sure your insurer is aware of what is going on. Your rates may vary as a result, and your insurer can help you determine if you have an adequate level of coverage.
If you are looking for cheaper fleet insurance for your business then we can help you out – please contact us for details.