One Policy for Your Business Vehicles
Fleet insurance allows businesses to cover multiple company-owned vehicles under a coordinated commercial auto policy. It can make it easier to manage coverage as vehicles and drivers are added, removed, or replaced.
At Freedomline Brokerage, we help businesses find commercial fleet insurance designed around their vehicles, drivers, and day-to-day operations.
Whether you operate a small service fleet or manage multiple TLC vehicles in New York City, we can help you compare coverage options from multiple insurance providers.
What Does Fleet Insurance Cover?
Coverage depends on your business, vehicles, and selected policy limits. Common fleet insurance options include:
Commercial Auto Liability: Helps protect your business against covered bodily injury and property damage claims resulting from an accident involving a fleet vehicle.
Collision Coverage: Helps cover eligible damage to your insured vehicle after a collision with another vehicle or object.
Comprehensive Coverage: Protection against covered losses such as theft, vandalism, fire, weather damage, and other non-collision events.
Uninsured and Underinsured Motorist Coverage: Coverage that may apply when your vehicle is involved in an accident with a driver who has little or no insurance.
Physical Damage Coverage: Helps protect the value of company vehicles against covered collision and comprehensive losses.
Optional Coverage: Depending on the carrier, additional options may include towing, roadside assistance, rental reimbursement, and higher liability limits.
Who Needs Fleet Insurance?
Fleet insurance can be useful for many businesses that operate multiple vehicles, including:
- TLC fleet owners
- Black car fleets
- Livery companies
- Limousine operators
- Executive transportation companies
- Airport transportation providers
- Delivery and courier businesses
- Contractors and construction companies
- Cleaning and maintenance businesses
- Corporate vehicle fleets
- Businesses operating multiple cars, vans, SUVs, or trucks
The number of vehicles required to qualify for a fleet policy may vary by insurance carrier.
How Much Does Fleet Insurance Cost?
The cost of fleet insurance depends on several factors, including:
- Number of vehicles
- Vehicle type and value
- Driver records
- Claims history
- Where vehicles are garaged
- How vehicles are used
- Annual mileage
- Coverage limits
- Deductibles
- Type of business operation
A five-vehicle service company will usually have a very different insurance profile from a twenty-vehicle NYC black car fleet.
Driver history and previous claims can have a major impact on pricing. Maintaining experienced drivers, reviewing driving records, and keeping vehicles properly maintained can help improve the overall risk profile of your fleet.
The best way to understand your actual fleet insurance cost is to request a personalized quote based on your real vehicles and operations.
Fleet Insurance for TLC Vehicles
Businesses operating multiple TLC-licensed vehicles may benefit from a fleet insurance program designed around professional passenger transportation.
Fleet coverage may be available for:
- Black cars
- Livery vehicles
- Limousines
- Executive transportation vehicles
- Other qualifying for-hire vehicles
TLC vehicles must still meet applicable New York and NYC insurance requirements. Coverage requirements may vary depending on the vehicle type, passenger capacity, and type of operation.
Freedomline Brokerage can help you review your TLC fleet insurance options and manage policy updates as vehicles or drivers change.