A commercial vehicle is nothing but a vehicle used for business purpose or for any commercial use. If you own a business that requires more number of vehicles for commercial use, then you need to insure all your business vehicles with a commercial auto insurance policy, in order to protect your business from the financial loss that is associated with the damaged commercial vehicle.
Also, insuring all your business vehicles with a single commercial auto insurance policy is more cheaper than insuring individual vehicles with personal auto insurance. The commercial auto insurance requirements would vary from state to state. However, meeting your state’s minimum commercial auto insurance liability requirement will protect you, your employees and your business.
There is almost no limit for the kind of vehicles you can insure for your business under commercial auto insurance policy. Here you can find different types of commercial vehicles that can be included under commercial auto insurance policy.
Trucks: There are many types of trucks. Your business may use agricultural truck, catering truck, box or straight truck, ice cream truck, flatbed truck, pickup truck, fifth wheel truck, pump truck, tank truck, tow truck, refrigerated truck, dump trucks, panel trucks or any other type of industrial truck can be included in the commercial auto insurance policy.
Passenger vehicles: If your business uses passenger bus, passenger van, passenger car, any type of private passenger vehicle that is used for business purposes can be insured within the same policy.
Delivery vehicles: If your business uses delivery vehicles like van, mini van, cargo van, car carrier, etc., they are all protected. Even a motor bike can be included in the policy.
Trailers: If your business uses trailers like logging trailers, pole trailers, bulk commodity trailers, dump trailers, lowboy trailers, auto haulers, concession trailers, tilt trailers, any type of trailer can be included in the commercial auto insurance policy.
Hence, prior to purchasing a commercial auto insurance policy, you need to ask details about the policy type and amount of coverage available for these commercial vehicles. Read more