Small fleet truck insurance is a type of commercial insurance that is designed to protect small businesses that operate a fleet of trucks. This type of insurance typically covers a variety of risks, including liability, property damage, and cargo loss.
The specific coverages that are included in small fleet truck insurance will vary depending on the needs of the business and the type of trucks that they operate. However, some of the most common coverages include:
- Auto Liability insurance is your primary liability which in most cases $1,000,000 is required to have in place to work with most shippers: This type of insurance covers the cost of damages that you cause to other people or property.
- Physical damage insurance: This type of insurance covers the cost of repairs to your truck if it is damaged in an accident.
- Cargo insurance: This type of insurance covers the cost of goods that are damaged or lost while in your truck.
- General Liability is a type of insurance that protects businesses from claims of bodily injury or property damage that they may cause to others. It is one of the most important types of insurance for businesses of all sizes, as it can help to protect them from financial ruin in the event of a lawsuit.
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In addition to these common coverages, small fleet truck insurance may also include other coverages, such as:
- Collision coverage: This coverage pays for the cost of repairing or replacing damage to the business’s trucks that is caused by a collision.
- Comprehensive coverage: This coverage pays for the cost of repairing or replacing damage to the business’s trucks that is caused by events such as fire, theft, or vandalism.
The cost of small fleet truck insurance will vary depending on a number of factors, including the size of the fleet, the type of trucks that are operated, the driver’s history, and the business’s claims history.
It is important for small businesses that operate a fleet of trucks to purchase small fleet truck insurance. This type of insurance can help to protect the business from financial losses that are caused by accidents, injuries, or damage to property.
Here are some tips for small businesses that are looking for small fleet truck insurance:
- JDW can get quotes from multiple insurers.
- Compare the coverages and premiums of each policy.
- Ask about discounts for things like safety features, good driver records, and multiple vehicles.
- Make sure you understand the terms and conditions of each policy before you buy it.
By following these tips, small businesses can find the best small fleet truck insurance for their needs.