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How Is Commercial Truck Insurance Different from Regular Car Insurance?

Do you run a business? So you have a fleet of commercial trucks? If so, you need to make sure that you protect them appropriately. Of course, you will be looking for similar insurance policies to the ones you have for your personal vehicles. On the other hand, you do need to make sure you have enough insurance coverage. What do you need to know about this specific situation? Make sure you understand several of the differences so you can find the right coverage for your vehicle.

Who Owns Your Vehicles?

First, do you even need commercial vehicle insurance? The answer is that it depends on who owns your vehicle. If you are claiming that your vehicles are owned by your business instead of yourself, you need to have commercial vehicle insurance. The vast majority of personal insurance policies explicitly exclude all business use. Even though you can purchase a personal vehicle insurance policy for your commercial trucks, they are not going to be adequately covered. If they are involved in a serious accident, you may have to pay to replace them yourself. Therefore, you have to have commercial truck insurance.

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What Does Commercial Truck Insurance Actually Cover?

When you start looking for commercial vehicle insurance policies, you will probably realize that they are slightly more expensive when compared to traditional personal vehicle policies. That is because they provide additional coverage. Some of the additional coverage they offer include:

  • They should cover the cost of the inventory in your vehicles
  • If you have clients in your vehicles, your commercial vehicle policies should cover them as well (if they are injured)
  • If you have to haul heavy loads behind your vehicles, your commercial vehicle insurance will cover that as well
  • If you attach a trailer to your vehicle, the trailer should also be protected by your commercial vehicle policy
  • If your employee is injured driving one of your vehicles, his or her injuries should be covered by your commercial policy

You need to make sure you have enough insurance protection on your commercial vehicles. In order to find the right protection, you have to think about what you are using those vehicles for. That way, you can make sure your policy has the right coverage.

For a full list of commercial trucking insurance coverages, tap here.

Invest in Commercial Vehicle Insurance

In the end, you have to make sure that you adequately protect all of the assets of your business. This includes your vehicles. Your vehicles are expensive. You do not want to have to pay to replace them on your own. Therefore, take a look at some of your options when it comes to commercial vehicle insurance. That way, you can rest easy, knowing that you have the right protection for your commercial vehicles. Give us a call today or get a quote online to get started.

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