If you run a business and use truck fleets, you may know that you need trucking fleet liability insurance. Besides liability, there are many other types of insurances available on the market. Making the right decisions on what you purchase can benefit your business. Below are three types to help you get started purchasing insurance for your business.
Family Emergency Travel
Ask your insurance company if they offer family emergency travel insurance. This will help you bring in good drivers as they will find this type of insurance beneficial.
Family emergency travel insurance will cover the costs of the driver's family visiting the driver in the hospital if they have a truck accident and are injured. This would include the cost of flying to the location if it is far away. Some insurance companies may cover hotel costs if the driver is very injured and cannot be moved from the hospital soon.
This type of insurance shows your drivers that you not only care for them, but also care for their family.
Theft and Fire Insurance
When choosing insurance for your fleet trucks, make sure you choose theft and fire insurance. This is beneficial because if your truck catches on fire for any reason, such as from mechanical failure or due to an accident, this insurance would replace your truck for you.
If there is theft, such as someone stealing the truck or stealing belongings inside the truck, this would be covered by your insurance. If the thief causes damage to the truck themselves, such as if they break a window to gain access to the inside, this insurance would also cover this damage.
All of this can save you and your company a lot of money. It can also help your employees because if they have personal items in the truck, such as their smartphone, laptop, tablet, money, etc., this would be covered by the insurance company.
Telematics Insurance
With this type of insurance, the insurance company installs a black box inside each truck. This black box can calculate your premiums based on the way your driver's drive their trucks. The information the black box gathers is then fed back to a computer where a program analyzes the data to help you determine the performance of your drivers.
The black box will determine how many miles your drivers drive. This can allow you to see if they go over the number of miles they should be driving. The black box can also determine the speed your drivers drive, as well as how long they idle.
Talk with your insurance company and they can go over these three types of insurance policies with you in much more detail.
Share12 September 2017
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