egardless of size, those who operate a business, and use motor vehicles, such as trucks, vans and cars, for that business, should look into purchasing Commercial Vehicle Insurance. This form of automobile policy protects the business owner from liability if employees are using a motor vehicle owned by the business. Physical damage or bodily injury can occur to an employee or someone else and insurance can cover some of those expenses.
Personal use insurance policies do not cover business usage of that vehicle. If an accident involves a business vehicle, it could leave the owner or employee at financial risk if there is harm to the vehicle, property or the person(s). Commerical vehicle insurance provides a variety of options, like personal auto insurance for a single driver.
When deciding what plan is best for you, business owners have to choose how extensively they want to be protected.
• Commercial insurance may cover bodily injury liability to pay for the injury or death resulting from an accident caused by a commercial vehicle.
• Property damage liability coverage covers the business owner in the event vehicles cause damage to another person’s property.
• Medical payments/no fault coverage offsets medical expenses to treat the driver and passengers after an accident, regardless of who was to blame.
• Uninsured motorist coverage covers the cost of bodily injury or property damage if the other driver does not have insurance. Uninsured motorist coverage also protects those involved in hit and run accidents involving a business-owned vehicle.
• Comprehensive physical damage coverage takes care of repair costs connected to theft or damage other than an accident and also pays for damages incurred by natural disasters like fire, flood or vandalism.
• Collision coverage pays for any damage done to a company vehicle by another object, like a falling tree or pole