Insuring Commercial Vehicles: Best Practices for Fleet Owners

As a fleet owner, obtaining the proper insurance coverage for your commercial vehicles is vital for protecting your business and mitigating risks. Whether you operate a small delivery fleet or a large transportation company, understanding the best practices for insuring your commercial vehicles is crucial. In this blog post, we will discuss key considerations and provide practical tips to help fleet owners navigate the process of obtaining adequate insurance coverage.

Assess Your Fleet’s Insurance Needs:

Before selecting an insurance policy, assess your fleet’s unique needs. Consider factors such as the type and size of vehicles, the nature of your business operations, the number of drivers, and the geographical area you operate in. This evaluation will help determine the appropriate coverage types and limits required for your fleet.

Understand Basic Commercial Vehicle Insurance Types:

Familiarize yourself with the fundamental types of commercial vehicle insurance. They typically include:

Commercial Auto Liability Insurance: This coverage protects you against third-party bodily injury or property damage claims resulting from an accident involving your fleet.

Physical Damage Insurance: It covers repairs or replacement costs for your vehicles in the event of accidents, theft, vandalism, or other covered perils.

Uninsured/Underinsured Motorist Coverage: This insurance safeguards your fleet and drivers in case of accidents involving other parties who have insufficient or no insurance coverage.

Cargo Insurance: If your business involves transporting goods, cargo insurance provides protection for the value of the cargo in case of loss or damage during transit.

Work with an Experienced Insurance Agent:

Partner with your Hertvik Insurance agent or broker who specializes in commercial vehicle insurance. They can help assess your unique needs, provide expert advice, and guide you through the insurance selection process. Our experienced Hertvik Insurance agents can also ensure that you are aware of any industry-specific regulations or requirements that may impact your coverage.

Consider Fleet Safety and Risk Management:

Insurance companies often consider a fleet’s safety record and risk management practices when determining premiums. Implementing robust safety programs, driver training initiatives, and vehicle maintenance protocols can not only help reduce accidents and injuries but also demonstrate your commitment to risk management, potentially leading to lower insurance premiums.

Evaluate Deductibles and Coverage Limits: When selecting insurance policies, carefully consider the deductibles and coverage limits. Higher deductibles can lower your premium costs, but ensure they are set at a level your business can comfortably afford in the event of a claim. Evaluate coverage limits to ensure they adequately protect your fleet’s assets and potential liabilities.

Review and Update Policies Regularly: As your business evolves, regularly review your insurance policies to ensure they align with your fleet’s changing needs. Communicate any significant changes, such as new vehicles, additional drivers, or expanded operations, to your insurance provider. Keeping your coverage up to date will help prevent gaps in protection. 

Explore Additional Coverage Options: Depending on your fleet’s specific risks and requirements, you may need additional coverage options beyond the basic policies. These could include:

Hired and Non-Owned Auto Coverage: If your employees occasionally use personal vehicles or rented vehicles for business purposes, this coverage can protect your business in case of accidents.

General Liability Insurance: This coverage provides protection against third-party claims of bodily injury, property damage, or personal injury arising from non-vehicle-related incidents, such as slips and falls during deliveries.


Securing the right insurance coverage for your commercial vehicle fleet is essential for protecting your business and mitigating potential risks. By assessing your fleet’s needs, understanding the various coverage options, working with an experienced insurance agent, implementing strong risk management practices, and regularly reviewing your policies, you can ensure that your fleet is adequately protected.