Commercial/Fleet Auto Insurance

[akaFrankCastle]

Anyone familiar with it or have a business that owns several vehicles covered under this type of coverage? Looking to pick some brains here about what all it entails.

[hockeydad4-22]

I insure all my trucks with the same company that I have my personal insurance through. State Farm. Was using Colorado Casuality until about 2 months ago, State Farm cut my business insurance cost by 65%, and yes folks, that is a nice chunk of change every year.

[akaFrankCastle]

A few questions for you, por favor.

Does SF require you to have all of your drivers attend any type of safety training?
Does SF require a list of your drivers and other info such as license numbers and such? Or do they simply insure the trucks, regardless of who is driving them?

I assume you own all of your trucks out right. If so, what kind of coverage are you carrying with them?

And if you don't mind, could you give me an average annual cost for one vehicle's worth of coverage? By PM if yer feelin shy about that sort of thing.

[sbolt19]

Our commercial insurance requires that our drivers give their license numbers, it is the driver & the vehicle that are covered.

I don't know, off hand, what our rates are. I would have to call our agent to find out because it is lumped into our general liability coverage as well, so I don't have a breakdown right handy, I'd have to look to see what ours is.

[hockeydad4-22]

Same here - just a list of drivers and their DL numbers. We do own all the trucks outright and none are all that expensive so just collision on them all. If one gets totaled I am out no more than $5k. And iteresting fact. If the driver is insured on his own personal vehicle, that insurance is carried over as secondary insurance.

We are required to have some very substantual coverage for most of the contracts we sign, so our monthly premium is pretty steep. I cary 2M in liability with a 5M umbrella. I do not cary the uninsured motorist coverage on all the trucks, jsut the most valuable, it caries over to the others if one of them is envolved in an accident with an uninsured vehicle/motorist. Just an expense that I can not justify right now.