When you own a business, you may use vans, trucks or cars for business purposes. If this is you, then you need to have commercial auto insurance coverage to help protect you from the costs of physical damages and liability. If a company vehicle is involved in an accident, commercial auto insurance can cover replacement or repair costs, as well as medical costs if your employee is injured in the accident. Whether you have a fleet of vehicles, or you have a few, you need to purchase commercial auto insurance to decrease your own financial risk.
A personal car insurance policy is not designed to cover a business, which is why it is essential that any company that uses vehicles to deliver goods or provide services have the specialized commercial vehicle insurance. These types of policies are somewhat different than a typical auto insurance plan, as they can help keep your business and employees safe from financial loss.
The commercial automobile insurance coverage is much like a personal automobile policy in that it includes liability coverage, medical payments, collision coverage, and comprehensive coverage. The commercial insurance can also cover other things that may not be covered by your typical plan, such as coverage for vehicles that are delivering or picking up goods or that you have leased or rented to others.
You have several choices in commercial vehicle insurance. This will include collision coverage, comprehensive insurance, liability insurance, uninsured or under-insured motorist coverage, and more. In addition, there are insurance choices for those who have a fleet. Any of these policies can help you to reduce your risk and protect the financial future of you and your business.
Whether you have refrigerated vans, flatbed trucks, and company cars, you need to have commercial vehicle insurance coverage. Your insurance agent will be able to help you to get the proper coverage that your vehicles and your company needs.