Types of Fleet Insurance Coverage

Both federal and state laws require all fleet vehicles to have commercial fleet insurance, specifically liability insurance. This covers bodily injury, property damage or a combination in the event your drivers are at fault for any accident.

  • Bodily injury liability coverage pays for any injuries or death associated with an accident for which your business is at fault. Often, this coverage includes legal defense.
  • Property damage liability coverage provides protection if one of your vehicles damages another person’s property.
  • Combined single limit (CSL) coverage is a type of policy that attaches the same dollar amount of coverage for any instance, whether bodily injury and property damage.

Each state has its own requirements regarding the minimum quantities of liability coverage a business must have. Researching your state’s requirements is the best way to stay compliant and avoid fines.

While fleet insurance requirements are focused on liability coverage, there are many types of insurance to protect your fleet. When choosing a policy, consider looking for one that encompasses both liability and any specialized coverage your fleet may need. Here are some of the types of coverage to consider including on your fleet insurance plan:

Fleet-Insurance-Jones family Insurance - Fort Myers Florida

Fleet-Insurance-Jones family Insurance – Fort Myers Florida

Physical Damage Coverage

Picture this: you come into work the night after a hail storm. Three of your vehicles have cracked windshields. While liability insurance covers accidents caused by your drivers, this type of accident isn’t covered.

Physical damage insurance protects your vehicles from weather events, theft, vandalism and other events that harm your vehicles. All types of assets can benefit from this coverage.

Uninsured Motorist Coverage

It’s an unfortunate reality, but many drivers on the road are uninsured. If one of your vehicles is involved in an accident with an uninsured motorist, this type of coverage can protect your assets and avoid your business paying out of pocket for any repairs or medical expenses.

Collision Coverage

The more vehicles in your fleet, the greater the risk of accidents! Having collision coverage in your fleet insurance policy protects you from costly repairs when your vehicles are hit by another car or object.

Learn more at Jones Family Insurance. Serving Punta Gorda and Fort Myers Florida