Insurance, according to Webster, is protection against future loss. When you need it, it's certainly nice to have, but insurance is one expense for which no fleet manager would ever choose to get a payback. You buy it, but you hope you will never need it. Insurance comes in many types, but usually in the form of a contract. Everybody knows about liability insurance, but the purchase of an extended engine warranty is also an insurance policy. Insurance is also available in the form of vehicle stability systems, which are designed to help protect you from the loss resulting from an accident caused by a vehicle rollover or a driver's loss of control. Even fleets with the best drivers might benefit by such insurance. As Rick Conklin, product manager of ESP and future architecture at Bendix, says, "Everyone can have a bad day."
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