If you buy commercial auto insurance, remember that it is not a one-size-fits all business insurance.
Commercial auto coverage has higher coverage levels than traditional auto insurance. Your coverage limits are higher because of the added risk for asset loss to your business.
Telling your commercial auto insurance agent that you want a policy is not the only thing you should do. Take into account your vehicles, and realize that each vehicle is special. Different types of vehicles will likely require different types of coverage.
A standard automobile insurance policy has lower coverage levels than a commercial policy. However, many businesses use standard automobiles. They may use them for deliveries, hospitality or general transportation.
If you use an automobile for business, your business assets are at risk. Therefore, you need commercial coverage. Auto insurance agents take into account the make, model, age, mileage and owner’s history before issuing a commercial policy. They may also account business operations and the primary use of the vehicle. That way, you can get enough coverage for the vehicle and its uses.
Trucks and Commercial Vans
Commercial trucks and vans will likely take different coverage levels than standard automobiles. This can be for a variety of reasons.
Trucks and vans are more complicated vehicles than the standard car. They have different construction and need different handling. Some may even require special licenses. Additionally, companies design these vehicles to transport more comprehensive cargo than a standard car.
You can increase your liability coverage and invest in better cargo protection when getting commercial auto insurance for these vehicles.
Commercial Trucks, Big Rigs
Interstate trucking is a massive industry. Interstate trucking often requires even more coverage than commercial auto insurance. It often has its own separate commercial trucking insurance market.
Commercial trucking insurance can provide high levels of coverage. They can also offer prices that are competitive for the industry. You can also cover the cab, trailers and cargo with appropriate additions to this policy.
Other Specialty Vehicles
There are many other vehicles that can qualify for degrees of commercial auto coverage.
Trailers: You may attach a trailer to your vehicle to haul business materials. Make sure your commercial policy allows the vehicle to haul one. Also, in many cases it is a good idea to carry a separate policy on the trailer.
Utility Vehicles: You likely won’t drive a utility vehicle on a regular road. Insurance for this type of vehicle will be different than a traditional commercial policy. But, it will likely offer some similar types of coverage.
Motorcycles: Agents can modify motorcycle insurance to cover the purposes of commercial-use motorcycles. If you use a motorcycle in business, even if you aren’t a professional rider, this coverage can benefit you.
If you have questions about covering a commercial vehicle, contact Millers Insurance Agency. We can help you get a fast quote. Go online or give us a call at (610) 269-4500.