November 28, 2022

Trucking Insurance for Small Fleets

Small and medium businesses regularly acquire trucks to deliver orders, transport raw materials or run small errands according to business demands. Similar to large truck companies, small fleets face several risks that can threaten the future of any enterprise. Generally, large fleets like FedEx, Schneider, or J.B Hunt have tailored insurance products that help players in the sector to manage risks seamlessly. Even so, individual enterprises have similar options for getting effective insurance plans for their small fleets. Commercial car insurance is an excellent solution if you’re looking to protect your fleet against theft, fire, or transit risk. Here’s some information about commercial car insurance for small fleets. Contact our insurance professionals today to discuss specific options for your trucking fleet.

Vehicles Covered By Commercial Car Insurance

Box trucks
Food trucks
Construction vehicles
Dump trucks
Delivery vans
Service utility trucks
Company cars

Common Risks Faced By Small Fleets

Poor Weather Conditions

Due to climate change, extreme weather occurrences have become too familiar. As a result, truck drivers encounter dangerous driving conditions due to heavy rain, floods, extreme heat, and tornadoes. According to the U.S. Department of Transportation Federal Highway Administration, 1.2 million vehicles crash yearly due to bad weather. Here are a few measures that can keep your fleet safe:

Proper vehicle maintenance
Apply modern innovations like anti-lock brakes and electronic stability control
Proper training and ample rest

Distracted Driving

Generally, distracted driving increases the risk of a crash. As truck drivers transport goods across states, they frequently suffer fatigue. As a result, they are highly vulnerable to distracted driving leading to accidents. The common forms of distracted driving include texting, using GPS, adjusting stereo and climate controls, or eating while driving.

Cargo Theft

Thieves target trucks to steal goods in transit. Besides expensive items like electronics or fashion accessories, thugs also target metals, food items, and construction materials. Ultimately, trucks are easy targets when left unattended, even for a few minutes as is often necessary.

What Does Commercial Car Insurance Cover?

Comprehensive Coverage

Comprehensive coverage protects your truck from all possible risks except collision damage. The coverage shields you from loss or damage brought by vandalism, theft, fire, weather, and others.

Bodily Injury Liability

If you’re involved in an at-fault accident, bodily injury liability covers medical costs for injured victims, excluding yourself. Bodily injury liability also covers funeral expenses, loss of income, pain, and suffering, and legal and court fees.

Collision Coverage

Collision damage coverage is basic coverage that helps to repair or replace your truck when destroyed or damaged by another car— regardless of who’s at fault.

Property Damage Liability

It’s mandatory in most states, including California. It helps cover the cost of repairs or replacement when at fault if your truck damages another vehicle or property.

Speak to an Experienced Commercial Car Insurance Agent

All businesses face external risks when they operate vehicles. It’s essential to protect your small fleet from unforeseen incidents using commercial car insurance. At Panorama Insurance Agency, we expertly look at your business model to offer a tailored insurance solution. Contact us online or call us at 818-616-8026 to get a free quote.

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