Fleet insurance is a type of commercial auto insurance that covers the vehicles used for commercial purposes. It provides a business with financial risk management in case of an accident or other unfortunate event. If your company uses a fleet of vehicles or trucks, below is what you should know about this type of insurance. 

What Is Fleet Insurance?

Whether the vehicles are owned or leased, fleet insurance lets a business cover multiple commercial vehicles under one policy. You can mix and match vehicle types, such as five delivery vans, two passenger cars, a pickup, and three semi-trailers, depending on your fleet. 

Most insurers offer two types: small fleet coverage and large fleet coverage. The number of vehicles each type covers depends on the insurer.

What Does It Cover?

Fleet insurance options include liability, collision, and comprehensive coverage. They protect you in the following ways:

• Liability: This pays for medical costs and property damages incurred by others if your driver is at fault in a collision. It also pays for your legal fees and judgment amounts if you are sued. It is mandatory in most states, including Texas, which requires $30,000 of personal injury coverage for each injured person to a maximum of $60,000. It also requires $25,000 of property damage liability coverage. 
• Collision: This optional coverage pays for repairs to your vehicle if you are at fault in an accident. It includes broken glass, body work, and mechanical repairs.
• Comprehensive: This pays for non-collision losses due to events like fire, flooding, vandalism, bad roads, animal accidents, and theft. It includes theft of items from the vehicle, as well as theft of the vehicle itself. 

These are the most common, but ask your agent what other types of fleet insurance coverage are available and which might benefit your business.

If your business needs fleet auto insurance, contact the experts at Barry Insurance in Texarkana, TX. They serve clients in Bowie County, specializing in business, auto, health, farm, and life insurance. They are known for their friendly, helpful agents, industry expertise, and competitive prices. They partner with Travelers®, Progressive®, Safeco®, and other nationally recognized brands. Learn more about them on their website, or call (903) 831-3493 to request a commercial auto insurance quote.