Commercial Fleet Insurance Application: Fill & Download for Free

There is an initial discount just for signing up, maybe close to 4% but not sure.After about two weeks of data are recovered, you are then given a % score. Like 86%. Every trip after that adds to a cumulative six month score. About 3 weeks prior to 6 month renewal, if your score is above 50%, you will receive some sort of financial reward discount.You are rated on speed vs. posted limits. You are rated on braking/acceleration technique. You are rated on cellphone usage. You are rated on how safely you turn through curves. (Do you stay in your lane). Real time, very specific, GPS based data.Outside of the ins company ( a father can have a meaningful conversation about safe driving and statistical norms with his son) to either reinforce or change driving behavior. What really is a safe driver? Kind of talking points.Additional proprietary data is also collected. Some of this affects your final delivered price. For example, at time of application you stated you only drive 500 miles a month on average, but the tracker sees you really average 1000 miles a month, then you will probably pay more.All but one of the major ins. carriers have similar products available. It is almost already manufactured into every luctury car over $50,000 already. Most commercial fleets and fleet drivers will be mandated to have by 2024 . The data will eventually let the insurance company derive very individual rates for every unique person. It will be the ‘correct’ rate for me. I may not like it if I am in the lower spectrum of driver.The system has several ideological detractors. Loss of privacy being at the top of the list. Also it is some- what judgmental on a ‘safe’ speed. Ie if posted freeway speed is 70MPH , but the entire field is traveling smoothly at 76 MPH, you may be ultimately a danger to society if you are refusing to do more than 67 in the outside lane. Lastly , if I am the primary driver, yet for that specific trip I decide to let my son drive, while I am in the passenger seat catching up on my email. The system may record my son’s jerked driving compounded with my smartphone usage as a very low trip score .

Regulations for commercial operations are far more stringent than private operations. This is so because of governments responsibility to protect public interest—passenger’s safety, security, convenience, and protection from deceptive marketing practices.In USA, just as in other countries, an aircraft operator desirous of commercial operations must apply first for the grant of Economic Authority (license) and then for the Safety Authority (Air Operator Certificate) from the relevant department of the Government. In USA it is perhaps Department of Transport. This Department before issuing Economic Authority:a) shall consider managerial competence of the applicant’s key personnel to determine whether they have sufficient business and aviation experience to operate an airline, and whether the management team, as a whole, possesses the background and experience necessary for the specific kind of operations proposed.b) shall review the applicant’s operating and financial plans to see whether the applicant has a reasonable understanding of the costs of starting its operations and either has on hand, or has a specific and verifiable plan for raising the necessary capital to commence operations. Before being granted/renewal of license, the applicant must submit third-party verification that it has acquired the necessary capital to conduct its operations.c) shall look at the applicant’s compliance record to see whether it and its owners and managers have a history of safety violations or consumer fraud activities that would pose a risk to the traveling public, or whether other factors indicate that the applicant or its key personnel are unlikely to comply with Government laws, rules and directives.Sequel to grant of Economic Authority, an applicant would now be required to obtain safety Authority. In most countries it is called AOC (Air Operator’s Certificate). The requirements of an AOC are more stringent and requiring much longer time before start of commercial operations. Before the issuance of Safety Authority an Operator / Applicant:a) Must have a minimum number of airworthy aircraft in its fleet, as specified by various jurisdictions, to ensure availability of a serviceable aircraft at the time of flight.b) Should be well aware that Pilots, engineers and cabin crew ought to be type rated for commercial operations and they would only be allowed to fly commercial operations if cleared by regulators.c) Should be aware that ‘passenger liability insurance’ and ‘third-party liability insurance’ must be done in line with national laws/ International Conventions—Warsaw Convention 1929 / Montreal Convention 1999 for passenger insurance and Rome Convention 1952 for third party liability.d) Shall establish a Maintenance Repair Overhaul (MRO) organization of its own or produce a contract with another MRO approved by the regulator.e) Must satisfy Authority that it would be able to adhere to the published schedule—whereas, charter operators may not follow specific schedules, but Regular Public Transport (RPT) operators ought to follow published schedules—regularity and punctuality.f) Should be aware of Cockpit and cabin crew duty hours limits.g) Must be aware of ‘Air Passenger Rights’ as published by the Regulator.The above requirements are by no means full and final. The list can be much longer than this.

There IS a way, but it will still require some effort.Prepare your own “application” which includes the following:Insured name and addressLegal identity of business, such as sole prop, LLC, or corporation, together with the tax ID, which is normally an Employer Identification Number (EIN).Brief description of businessDate business commencedNumber of employeesDate coverage to be effectiveLiability Limits desired.Schedule of drivers, to include name, address, social security number and driver’s license number.Schedule of vehicles, to include vehicle type, make, model and year, the VIN, how vehicle is used, estimated annual mileage, and deductibles to apply for physical damage.Specify coverage horizon. ONLY vehicles listed? Or all owned vehicles? Or all owned, hired and non-owned vehicles? The latter is preferred for broadest coverage.Now, this is a LOT of work. BUT, once done, the information may be a template for submission to everyone.Contact the major direct writers, such as Allstate and State Farm. Also submit to independent agencies with a big stable of companies. Call first to confirm that they do offer commercial vehicle coverage; once confirmed, send your “application” as an attachment to an email. Also search Google for “Commercial Auto Insurance” and send your app to everyone who claims they are in the business.One more thing: the company who offers you a quote will, with near certainty, also want to bid your commercial general liability and property insurance. Play along, with this. An “edgy” vehicle exposure (such as a fleet of cement mixers) may get preferred treatment IF the property and liability for the plant is also insured.Yes, my friend, it is work. But it will pay you dividends in lower pricing, in exchange for the work you put into it.Hope that helps.