Whether you mainly operate your car for business purposes, or you’re a business owner who owns or operates commercial vehicles, you need commercial vehicle insurance. Commercial vehicle insurance is a financially protective measure that helps you and/or your employees get back on the road after an accident.
Your personal auto insurance policy will cover most damages to your vehicle caused by an accident. It might also supply liability coverage for things like bodily injury if another person is hurt in an accident. However, if you also use your car for business purposes, you’ll likely need commercial vehicle insurance.
What Is Commercial Vehicle Insurance And What Does It Cover?
Commercial vehicle insurance covers a variety of risks to vehicles used for business purposes. This includes damage to both vehicles if another mobile is involved as well as injuries to the occupants. It can also cover property damage. Lastly, it can supply liability coverage if the business is sued after an accident.
There are a variety of factors that will affect the cost of commercial vehicle insurance. This includes the make and model of the vehicle, the driving record of the business owner, details about drivers and passengers, who else will be operating the vehicle, and the amount of coverage that is desired.
Commercial vehicle insurance can offer peace of mind if an accident happens. It can protect a business from costly damages. Liability insurance may also be necessary in case someone is injured or property damage occurs. For businesses that rely on vehicles for transportation or delivery, commercial vehicle insurance is a must-have.
The Differences Between Personal Auto Insurance and Commercial Vehicle Insurance
There are key differences between personal auto insurance and commercial vehicle insurance. First and foremost, personal auto insurance is designed to protect people in case they are involved in an accident when driving their own car on personal time. Commercial vehicle insurance, on the other hand, is designed to protect people while using their car for business purposes. This also includes vehicles owned by a business and being used by its employees. Commercial vehicle insurance policies can cover cars used for deliveries, as well as automobiles used for traveling to job sites or client meetings.
Commercial vehicle insurance typically offers more comprehensive coverage than personal policies. For this reason, it is important that you carefully review the coverage each policy offers.
Finally, commercial vehicle insurance is typically more expensive than personal auto insurance, because these policies often provide broader levels of coverage. However, it’s important to remember that the cost of insurance always depends on the specific policy and other factors such as the type of car that is being insured.
Get Your Commercial Vehicle Insured Today
The best way to protect your commercial vehicle is with the right insurance plan. The last thing you want when your business depends on a reliable car, truck, van, or other type of automobile is for you or an employee to be driving the car without the right coverage. Get the protection you need by starting a commercial vehicle insurance quote today.
Common Questions Asked About Commercial Vehicle Insurance
What Should My Liability Coverage Be On A Commercial Vehicle Insurance Policy?
When it comes to commercial vehicle insurance, it's important to have the right liability coverage in place. Your policy should have enough coverage to protect you and/or your employees in case of an accident. Talk to an Acceptance Insurance agent to make sure you have the right amount of coverage.
How Do I Apply For A Commercial Vehicle Insurance Policy?
The commercial vehicle policy application process is straightforward. You can apply for a policy online or over the phone. You will be asked to provide personal and business information, as well as information about the vehicles you need to insure. You can even add non-commercial or non-business drivers to your commercial vehicle insurance policy if someone operates the vehicle for situations that are not emergencies.
*Material in these articles is for general information or entertainment purposes only. Acceptance Insurance does not endorse and is not affiliated with any of the companies or apps listed in this article. Acceptance Insurance is not responsible or liable for the availability of links to websites or resources, or for any content, advertising, products, services, or other materials on or available through these websites or resources. Any references to third-party rates or products are subject to change without notice. Trademarks are property of their respective owners. Price may vary based on how you buy. Information and coverage descriptions are general in nature. Actual coverage depends on the policy. Policies are underwritten by third-party insurers that are not affiliated with Acceptance and are solely responsible for claims. Supplementary coverage options may be added to an insurance policy for an additional cost where applicable. See your agent for more information. Product and features are subject to underwriting criteria and may not be available in all states.