Commercial vehicle insurance is needed to cover the cars, trucks, and vans used in conducting your business. Large fleets, as well as small businesses, should be properly covered by a commercial auto insurance policy.

Is a commercial auto policy more expensive?

Commercial auto insurance is typically more expensive than a personal car insurance policy. The cost may depend on the vehicle type, the driving record of all drivers, how the vehicle is used, the auto insurance coverage options purchased and other factors.

Which of the following are covered under commercial auto insurance policy?

It is an insurance policy which covers commercial vehicles against different types of damage along with personal and third-party liabilities. The policy also provides coverage to the policyholder for any legal liabilities following the death, injury, or property damage of third parties arising out of your vehicle use.

When do you need commercial auto insurance for a business?

This exclusion applies to autos used in a business that involves selling, repairing, parking, storing or servicing autos. Examples are a dealership and a repair shop. If you use any vehicles is this type of business, you need commercial auto insurance.

Who is an insured in a business auto policy?

The Business Auto Coverage Form defines the persons or entities that qualify as insureds under commercial auto liability coverage. These parties are described in a paragraph entitled “Who Is An Insured?” They are separated into three groups: You: You are an insured.

What’s the difference between commercial and personal auto insurance?

Commercial auto insurance policies typically offer higher limits than personal auto insurance policies. Personal auto insurance policies can provide enough auto insurance coverage for some businesses, especially if you’re also driving your vehicle for personal use.

What kind of auto insurance do I Need?

However, if you require specific commercial auto insurance coverages, high Liability insurance limits, operate an unusual vehicle, haul special equipment, transport goods or people, or have other special needs, then you’ll need commercial auto insurance. What commercial auto coverages do I need? How can I save on my commercial auto insurance?