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| Commercial Fleet Insurance |
The term fleet insurance is a phrase used when we talk about vehicle insurance usually for a minimum of three vehicles. Commercial fleet insurance typically requires a minimum of three vehicles operated within one company. When it gets really profitable is when we are dealing with ten or more vehicles. Business owners or managers who make the decision to use this type of insurance are hoping to save money and time.
Reducing the amount of administration means reducing premiums. This can save you time because you only need to complete one application for all your motorized vehicles. You only need to remember one renewal date for all your vehicles. This proved much easier than trying to remember various update dates throughout the year.
Inexpensive commercial fleet insurance can cover many types of vehicles under a single policy. This can refer to many vehicle combinations and can include a mix of motorbikes, taxis, coaches, buses, trucks, cars, of course, and minibuses. As the fleet market changes due to green issues and economic challenges, understanding the advantages of commercial fleet insurance is of paramount importance. Find out now and help manage your fleet better.
Also, because insurance companies deal with larger businesses, they often create convenient payment options for your business. This means finances can be better managed and costs can be spread out to match other financial commitments.
In addition to offering insurance policies, commercial fleet insurance companies provide a complete service with many options that vary according to the needs of individual customers. Fleets with high mileage can choose flexible driving options.
Many fleet insurance companies customize each policy according to the needs of their customers. Just ask their dedicated and experienced fleet insurance personnel for competitive commercial fleet insurance advice and quotes.
Depending on the insurance quote, certain qualifying criteria and limitations are available. Some fleet insurers will provide Comprehensive and Third Party Fire and Theft policies, while others will provide only Third Party policies. Additional options include emergency breakdown and accident recovery services.
However, if you sign up for a comprehensive policy, this option is included at no additional cost. Comprehensive policies may also include coverage for medical expenses incurred by the owner, driver or passenger; insurance for lost or damaged personal belongings and sometimes, recovery of uninsured losses. Some fleet insurance also covers vehicles driving overseas.
By taking the time to absorb the benefits of commercial fleet insurance, you will be helping your company in the short, medium and long term.
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