Recommended Coverages for Commercial Vehicle Insurance

Although Central Auto Insurance provides coverage for all types of vehicles on the road today, we also specialize in commercial vehicle insurance.  Much like personal auto insurance, it provides coverage for collision, comprehensive, liability, medical payments, and uninsured/underinsured motorists.  However, commercial coverage applies to the vehicles (cars, SUV’s, trucks, and vans) that you use to conduct your business.  Furthermore, it also covers large fleets.

The key to purchasing commercial vehicle insurance is understanding what types of coverage apply to your specific type of business.  The recommended coverages for commercial vehicles include:

  • Driver protection – pays for hospitalization and medical expenses should you or a passenger sustain injuries in an accident when driving a commercial vehicle
  • Liability protection – basic coverage for damage to another person’s property and injuries to other individuals when you are the “at-fault” driver in an accident
  • Specialty coverage – provides small businesses with specialized coverage over and above basic liability and damage to vehicles
  • Tow specific coverage – while tow trucks are protected by similar commercial vehicle insurance coverages, this type of coverage is designed for tow trucks and includes garage keepers legal liability coverage and on-hook towing coverage
  • Truck coverage– trucks are also protected by commercial vehicle coverage, but coverages that are more truck-specific include:
    • Downtime and rental reimbursement
    • Motor truck general liability
    • Non-trucking liability
    • Trailer interchange
    • Truck cargo
  • Vehicle protection – protects your company vehicles against collision damages and other mishaps that cause vehicle damage and includes:
    • collision
    • comprehensive
    • fire and theft with combined additional coverage (CAC)
    • individual named, insured endorsement
    • physical damage

Although you may have personal auto coverage, certain businesses and types of vehicles are oftentimes excluded. Since personal auto insurance coverage will not protect company vehicles, they are rated and written differently. For more information regarding commercial vehicle insurance coverage for your company vehicles, please contact Central Auto Insurance today.