Commercial fleet insurance can be a great option for many Memphis, TN business owners. It can be more affordable than other forms of commercial auto insurance and provides ample coverage to meet the needs of business owners in many industries. However, like all forms of insurance coverage, fleet insurance has both pros and cons. Understanding what this type of insurance does and how it works will help you determine if it’s a good fit for your business.

Fleet Insurance: The Advantages

Fleet insurance is a single policy that covers more than one commercial vehicle. It saves you the hassle and expense of having to buy separate policies for each of your vehicles and makes it easy for you to allow any of your employees to drive any of your covered vehicles as needed. Furthermore, many fleet insurance providers offer optional add-ons that make it easy for business owners to customize coverage as needed.

Fleet Insurance: The Disadvantages

Fleet insurance is relatively uncomplicated if you own multiple vehicles of the same type and if these vehicles are all used for the same purpose. However, some insurers may not cover different kinds of vehicles (e.g., your two business vans and three forklifts) under the same policy. What’s more, a single policy may not offer sufficient coverage or the right types of coverage if you use different vehicles for different commercial purposes.

Need Help? Contact Keltner Insurance Today

Keltner Insurance specializes in helping local business owners in the Memphis, TN area find commercial insurance policies and policy bundles that meet their needs and budget. Call us to find out more about our fleet insurance and other commercial auto insurance policies, and we’ll help you review your options and pick great coverage for your business.