Your company's truck fleet is an important capital investment and one that you need to protect. However, many business owners overlook the nuances of having commercial trucks that employees are allowed to take home and may use for personal purposes, too. Here are a few things that you need to consider when it comes to protecting your commercial fleet.
Is Your Commercial Truck Insurance Enough?
The first thing you need to ensure is that your commercial truck policy provides sufficient coverage. You should have collision, comprehensive, medical coverage, and uninsured motorists coverage. That way, you can be confident that any potential accident with one of your fleet vehicles is covered under your company's truck insurance.
Do Your Employees Carry Personal Auto Insurance?
Even if your employees are primarily driving your commercial trucks, they should ideally have coverage of their own for personal vehicles that they drive. In addition, that policy should include a rider for other vehicles so that their personal insurance covers them even in your commercial truck if they're driving it for personal use. This helps close any potential gap in coverage when it comes to the personal use of your commercial trucks.
Will You Secure Additional Liability Coverage?
One thing that many business owners overlook is the risk associated with an employee's family member driving a commercial truck. Even if it's something as simple as moving the truck out of the driveway, a seemingly minor task could result in an accident. Since your company's vehicle was involved but the driver wasn't on your policy, you might need additional liability coverage for situations like this. Talk with your insurance carrier about the benefits of a liability umbrella as additional protection for your commercial truck fleet.
Do You Have Written Policies About Your Vehicle Use?
When it comes to the risk of other family members driving your commercial fleet trucks, it's important that your business has clear policies written to discourage this. Especially since this can create grey areas in coverage because of your listed drivers, you should ensure that your employees are well-informed about the restrictions on who can drive those commercial vehicles. While this won't necessarily prevent every risk, it can certainly discourage irresponsible behavior with your commercial fleet trucks.
These are just a few of the things that you should consider when it comes to dealing with your commercial truck insurance policies. Talk with your insurance carrier today for more tips and to get the coverage that's right for your business.