Managing a fleet is not as simple as it looks. If you have got a whole fleet of vehicles, they could all be on the road at the same time, and not only is this expensive, but if something goes wrong it can be a nightmare. Ideally, you need to manage your fleet tightly so that you know that you are covered no matter what. One of the things that you need to be thinking about though is the expense behind a fleet, and this is what we’re going to be looking at today. Keep reading down below if you would like to find out more.
Insurance
The first thing that we are going to be thinking about is insurance. It’s true that you may be able to get a discount on this due to the fact that you will be insuring multiple vehicles with the same company, but it’s still an expensive thing to do. Depending on how many vehicles you have, you may be paying what seems like a ridiculous amount in insurance. You do need to remember though that the type of vehicle you own is also going to impact how much insurance you pay. Bigger vehicles cost more money to insure, so if you have trucks or vans, be sure you’re getting specific insurance for these kinds of vehicles.
Sorting An Accident
If an accident happens, this could be an absolute nightmare for you. Not only are you going to be worried about your driver and the other party involved, but if the car is damaged that is going to cost you more money. Depending on whose fault it was you may have to hire a truck accident lawyer to deal with this which is even more expensive than paying the insurance and any repairs if the insurance won’t cover it for any reason.
Sorting an accident can be a complicated process that involves multiple things happening at the same time. Try to stay calm and keep your head about you so that you can get through it without issue.
Fuel
The final thing that we are going to mention is fuel. Fuel is already expensive and it looks like the price is only rising. You don’t have to pay for fuel for one vehicle, but multiple and this can get expensive really quickly. Make sure that all of your drivers are handing in receipts for fuel so that you can check that it all matches the account that the money goes out of.
We hope that you have found this article helpful, and now see some of the expenses that come with managing a fleet. It’s essentially the same as owning a personal car, but there are often more hoops to jump through, and you are not only attempting to manage a single-vehicle. It’s important that you keep the expenses at a manageable level as often as you can, as the last thing that you need is to be going over budget. We wish you the very best of luck and hope that this helps.
