A couple of things to keep in mind as you look into whether or not a fleet insurance policy makes sense for your business:
Every employee that will be driving one of the insured vehicles must be listed on the fleet policy. Failure to do so could result in a claim being denied. The number of vehicles, vehicle types, individual driver history and experience, how the vehicles are stored when not in use, and the presence of alarm systems in the vehicles can all affect premiums and depending on exactly what kind of vehicles you are insuring the drivers may need a special operator’s license.
If the fleet insurance policy will be used for vehicles that are transporting goods, it is also important to purchase insurance that will cover the costs of the goods in the event that they are lost, stolen, or damaged in the event of an accident or a breakdown. Many fleet insurance policies will provide such an option
Update your broker regarding any relevant changes including the number of vehicles you own and who is driving them. You’ll also want to notify your broker if the nature of your business changes and keep them up to date with your address and contact information.