There are many businesses that own more number of vehicles to use them for business purposes. Even home-based business are also maintaining a group of vehicles for business or commercial purposes. Regardless the size of the company, it is mandatory to have insurance for vehicles that are used for the business purpose. For a full coverage insurance, motor fleet insurance policy is the best product to insure each and every vehicle used for the business.
There are many advantages of motor fleet insurance policies that are being offered by various insurance companies.
Flexibility with sort of insurance protection: Any type of vehicles, whether it is a group of cars, trucks, vans, buses, even motorcycles that are used purely for business can be insured under motor fleet insurance policy.
More security for employees and drivers: With the motor fleet insurance policy, any accident that causes bodily injury or loss/damage to the property of your employees and driver can be paid out as soon as possible.
Tax-benefit: Motor fleet insurance is a business expense. When you get coverage for your business vehicles, it becomes tax-write off. So, you can enjoy the tax benefits while traveling safely on the roads with carrying a right commercial auto insurance.
Flexibility in payment options: With motor fleet insurance, you will have flexibility in paying the premium for all the vehicles insured, instead of paying each and every premium in case of individual policy. It saves time and cost along with having less paper work. Also, avoids particpation of different insurance companies.
Having understood the benefits of motor fleet insurance, you can get a right and adequate cover for your business vehicles, depending up on the requirement of your business.