Fleet insurance is a niche type of insurance that is specifically designed to protect businesses that operate multiple vehicles from financial losses from accidents, damage, theft, or liabilities from passenger injury and/or property damage. Fleet Insurance allows you to organize all your vehicles under one simple policy. It can help with legal compliance and protect your business assets in any situation you might encounter on the road or even while the vehicles are parked. If you’re in the trucking or commercial fleet industry, fleet insurance is probably an absolute necessity for the sake of your business.

Fleet insurance includes a coverage plan that reduces risks, lowers operational costs and ensures regulatory compliance for the insurance of trucking businesses. Through its partnerships with lenders and insurance underwriters, TruckX finds customized insurance solutions for each fleet’s size and operations, including long-haul trucking, last-mile deliveries, and specialized cargo.

The vehicle-level data from the fleet management system offers real-time insight into driver behavior, vehicle health, and route optimization. This efficient use of data gives insurers greater accuracy in rating risk – which they might pass on to customers in the form of lower premiums. Vehicle telemetry, along with the ability to control truck functions remotely, can also drive efficiencies by providing alerts to maintenance issues before they cause expensive drive-outs or crash claims. TruckX’s telematics solutions enable better management of engine overloads and other maintenance issues and alert that the vehicle needs to be plugged in for recharge.