What is the minimum number of vehicles a policyholder must own for a commercial fleet policy?

A commercial fleet policy typically requires a minimum of five vehicles owned by the policyholder. This threshold reflects the nature of fleet insurance, which is designed to cover multiple vehicles under a single policy, often used by businesses that operate a group of vehicles simultaneously for various operational needs.

The requirement of a minimum of five vehicles helps ensure that the policy effectively addresses the complexities and risks associated with managing a larger number of vehicles, such as those owned by businesses for transportation, delivery, or other commercial purposes. This format allows for more streamlined administration and potentially cost-effective coverage for businesses, as opposed to individual policies for each vehicle.

Understanding this minimum requirement is essential for businesses looking to insure their fleet, as it guides them in selecting the appropriate insurance product tailored to their operational scale.