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Fleet Insurance

If your business owns and operates three or more vehicles as part of its daily operations, you may be eligible for a fleet insurance policy. These plans resemble a commercial auto policy that covers many vehicles at the same time, helping you to meet coverage requirements at an affordable rate.

Industries that can benefit from fleet insurance coverage include:

  • Government agencies
  • Construction companies (including those with large construction vehicles like bulldozers)
  • Taxi services
  • Vehicle rental companies
  • Delivery services
  • Any other company that operates a fleet of vehicles

As of 2013, the Bureau of Transportation Statistics found that there were over eleven million fleet vehicles in service, with government and rental use seeing the most growth over the years.

Fleet Insurance Features: Commercial Auto Insurance

Commercial vehicle policies are a major part of fleet insurance, and they cover the vehicles themselves against damage and loss.

In most cases, fleets that focus on services (handymen, locksmiths, and similar professions) will see the largest discount on their premiums. Vehicles used for retail work, such as delivering food or flowers, usually see a more moderate reduction in premiums. Finally, companies that ship either people or large volumes of products see the lowest reduction, simply because there tends to be more damage in a collision. The current average is more than $20,000 for each incident, and since fleet drivers tend to be on the road far more than the average person, there’s a greater likelihood of a collision sooner or later. However, this is when having the proper insurance coverage becomes invaluable.

What's Covered by Fleet Insurance

The main component of fleet insurance is its blanket coverage of vehicles and employees—any employee will be insured while driving any vehicle in your fleet unless they've been specifically excluded from the policy. This is ideal for companies where vehicles frequently have different drivers, as well as companies that have vehicles out on the roads on a regular basis. All fleet insurance policies will meet or exceed the minimum amount of coverage required for commercial vehicles in your area.

If you're not sure whether a vehicle you use qualifies for coverage under a fleet policy (for example, you have a privately owned vehicle that's also used for business purposes), talk a Dorsey & Associates LLC agent and they'll let you know if your vehicle is eligible.

 

1. Hatfield, Gary, and Janis Christensen. "10 Ways to Reduce Fleet Costs." Fleet Financials. March 2014. Accessed April 27, 2016. http://www.fleetfinancials.com/article/story/2014/02/10-ways-to-reduce-fleet-costs.aspx.

2. "Table 1-14: U.S. Automobile and Truck Fleets by Use (Thousands)." Bureau of Transportation Statistics. Accessed April 27, 2016. http://www.rita.dot.gov/bts/sites/rita.dot.gov.bts/files/publications/national_transportation_statistics/html/table_01_14.html_mfd.

3. "Do You Know the True Cost of Fleet Accidents?" Telogis Blog. Accessed April 27, 2016. http://www.telogis.com/blog/cost-of-fleet-accidents/.

Our Location

Dorsey & Associates LLC

6624 Germantown Ave, Unit A
Philadelphia, PA 19119
Main office: 215-515-6322
Fax: 866-713-1173

Our Providers

Testimonials

Alex Soto is an awesome Customer Serivce Agent. He goes beyond the call of duty to work with clients. I appreciate his knowledge of the business and would remain a loyal customer.. Hats Off Alex a job well done..

Niecey
I must applaud the staff at Dorsey and Associates, in particular Alex, whom I have dealt with for a few years now. I surely appreciate his customer service skills and his attention to the needs of clients. I have never experienced a business that will reach out with the clients best interest in mind, and be helpful in saving money where it is possible, and explain the process or requirements. He surely goes the extra mile, he is easy to work with, and I highly recommend doing business with this office.

DDPhilly
I needed information about their services; and greatly appreciated the polite and patient agent who helped me and answered my questions. Thanks!

deescriv
I would like to applaud the knowledgeable and professional service received from Nationwide. It enabled me to save money and make informed decisions on my car, homeowners and health care needs.

DWilliams
I had a very pleasant experience in having my business questions asked and answered. I have the impression that the espirit de corp of the office exhibits professionalism and knowledge.

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