A commercial vehicle policy can be hard to decipher. How do you know if you need one, and what will it cover?
You are proud of the business you have built, and Infinity is proud to provide coverage to many local small businesses like yours. The vehicles that you use for work, like trucks to haul landscaping equipment or a delivery van for your bakery, need a special kind of coverage. This insurance, called a commercial vehicle policy, is different from a personal auto policy, but can be just as important. It covers your commercial autos from damage and provides liability coverage.
Why do I need a commercial vehicle policy?
Any vehicle you use for a commercial business will not be covered under your personal auto policy during work. So even if you have personal auto coverage, it will not pay for any damages to your car or others’ while you are conducting business. This can leave a dangerous gap in your coverage. If you are using the vehicle for work-related tasks other than commuting, you need a commercial vehicle policy.
What’s Covered?
Your commercial vehicle policy can cover everything your personal policy covers, including:
- Liability
- Medpay (or PIP)
- Uninsured motorist
- Comprehensive
- Collision
The liability coverage should provide both bodily injury coverage for injuries or deaths for which you are at fault, and property damage coverage for when your vehicle damages another person’s property.
Your MedPay or PIP coverage should cover injuries for you and your passengers after an accident.
Uninsured motorist coverage provides payment for damages and injuries caused by a driver who is driving illegally without insurance.
Comprehensive coverage will protect your vehicle for non-collision damage such as vandalism or inclement weather.
Finally, collision coverage will pay for damages caused when your vehicle hits another auto or object.
So just imagine a situation like your employee hitting an electric pole while delivering goods or a criminal stealing your construction truck while it is parked at a job site. Scary, right? Now picture those situations with the peace of mind that comes with a good commercial vehicle policy. Call 1-800-INFINITY today to discuss getting a policy. You can also get a quote online. Protect what you have built.