Whether you own a trucking company or a plumbing business, commercial fleet insurance offers protection you need. In fact, according to the California Department of Motor Vehicles, all vehicles operated within the state must be properly insured to avoid legal penalties. Fortunately, Precision can handle all of your commercial fleet insurance needs by providing you with coverage that meets the requirements of the law and protects your business against loss.
Commercial fleet insurance policies are available to provide protection for any type of commercial truck, from the smaller varieties operated by plumbers and HVAC companies to the largest semis used to haul goods across the country. Below are the basic types of coverage your company may choose to purchase.
Liability insurance is the primary type of insurance required by California law. These policies provide benefits to people who are injured when one of your vehicles causes an accident. Liability policies also cover any property damage your vehicle may cause during its operations.
This type of coverage will protect your company if a fleet vehicle is involved in an accident with a vehicle that is not properly insured.
Medical payments coverage provides benefits to any drivers and/or passengers who are injured during an auto accident in one of your vehicles. This coverage will apply regardless of who is at fault for the accident.
Collision coverage pays for damages a vehicle sustains when it is involved in a collision caused by the vehicle’s driver. This type of policy may cover repairs and/or replacement, depending on the circumstances.
Comprehensive coverage offers protection from non-collision related events that may damage your fleet’s vehicles, such as thefts or extreme weather conditions. For example, if a windstorm damages some of your vehicles, a comprehensive policy will cover the cost of repairs.
In addition to basic commercial fleet policies, you may consider adding on additional protections, such as rental insurance, towing allowances or insurance for expensive accessories that have been installed in your vehicles.
Selecting the right commercial fleet insurance policies can be challenging. Contact Precision today to discuss your business’s insurance needs and determine which options are best for you.