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Fleet EV transition hindered by practical challenges, brokers report — Photo by Bl∡ke on Pexels

Fleet & commercial

The Complete Guide to Battery Replacement Risk Management for Fleet & Commercial Insurance Brokers

Battery replacement risk management for fleet and commercial insurance brokers involves assessing battery degradation, securing appropriate riders, and aligning policies with usage metrics to protect ROI. $461 million in annual write-offs were reported in 2023 due to unexpected EV battery failures, prompting insurers to rethink coverage structures (Fleet News). Financial