What is Fleet Insurance In general, fleet insurance is available to companies that either lease or own two or more vehicles. The type of insurance coverage can depend on the type of industry in which the vehicles are being used. The area in which a fleet operates can also affect the type ...
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Insurance companies may provide different levels of coverage depending on whether the aircraft is being used for pleasure or for commercial purposes. An aviation business may need coverage if it provides flight training services. A financial company may purchase aircraft insurance for its fleet of corp...
When comparing costs for commercial car insurance, be sure to ask the insurance company if there are any discounts available. For example, if you're insuring a fleet of 10 vehicles, the insurance company may be willing to cut you a break on premiums, which could help save your business mon...
Usage-based insurance (UBI), also referred to as pay-per-mile, pay-as-you-drive, or pay-as-you-go, is a type of auto insurance that, depending on the specific insurer’s program, can measure how far a vehicle is driven, where it’s driven, and/or how it’s driven. UBI is ofte...
Fleet efficiency is a skill adapted over time and experience. Some examples of effective fleet management include reducing fuel consumption, creating a preventative maintenance schedule, and having the right fleet insurance. Improving driver retention ...
including tracking and managing costs of maintenance and fuel, as well as the initial cost of acquiring vehicles and purchasing insurance. Though managing a fleet is not a simple task, thanks to developments in GPS tech and telematics, keeping track of driver and vehicle safety is within reach ...
Fleet Management Costs To run an efficient and successful fleet, companies need to understand the total cost of ownership (TCO) for each vehicle they own or lease. By calculating fixed costs (taxes, insurance, depreciation, licenses/permits, lease payments, etc.) and variable costs (maintenance,...
What is a fleet vehicle, though? And if you’re looking to buy a used car as an individual buyer, does it make sense to purchase one? In this article, we will talk about precisely that. We’ll get into what fleet vehicles are, state the pros and cons of owning one, and mention ...
assets, as they take longer to sell and have higher transaction fees in general. Also, real assets have higher carrying and storage costs than financial assets. For example, physical gold bullion often has to be stored in third-party facilities, which charge monthly rental fees and insurance. ...