Do you or your employees use a variety of vehicles such as cars and vans while on the job? You may need commercial vehicle insurance.
What Is Commercial Vehicle Insurance?
Commercial vehicle insurance covers damages and liability that are not covered by your workers’ personal car insurance policies. For instance, if your team members typically drive around in fleet vehicles owned by your company, and perhaps with your logo on the side, commercial vehicle insurance is beneficial to possess. Otherwise, if they get in an accident, you could have a difficult situation.
Why Many Businesses Should Get a Commercial Auto Insurance Quote in PA
Plenty of Pennsylvania startups and small businesses simply reimburse employees when they routinely use their personal vehicles for work-related travel. However, most businesses of this nature should speak with an independent insurance agent. After all, their workers may have allowed their personal auto insurance to lapse. Or, they may have set limits and high deductibles to keep their personal rates down. This can affect what happens if they get into a crash while on the clock.
It is always more efficient and cost-effective for an organization to do the legwork up front by talking about commercial vehicle insurance with an expert. Erie Insurance, one of the most well-respected and trusted insurance companies that Strock Insurance works with, offers a wealth of auto insurance options for businesses. As an Erie Insurance policyholder, you will receive the benefit of working with an exceptional carrier and always having a local agent by your side.
Examples of When Commercial Vehicle Insurance Makes Sense
Want a better understanding of when to consider commercial vehicle insurance for your company?
Use this commercial vehicle checklist to determine if you should look into a business insurance vehicle quote:
- Does your company own the vehicle? If yes, you might need a commercial policy.
- Do you only use your vehicle for commuting as a sole proprietor? In this case, your personal car insurance should be enough protection.
- Is your vehicle a commercial-type vehicle like a commercial trailer or tow truck? If so, you probably should have at least commercial auto insurance policy coverage, if not other special coverage.
- Do you need liability insurance limits that are higher than you would get from a personal auto insurance policy? This indicates a commercial vehicle insurance coverage is the right choice for your business.
What Is Covered by Commercial Vehicle Insurance?
Generally speaking, commercial vehicle insurance provides the same type of coverage as a personal car policy. This includes:
- Personal injury liability. If someone is hurt or killed in an accident involving one of your fleet vehicles and your driver is at fault, the insurance helps pay for damages and quite possibly offers legal assistance.
- Property damage liability. What happens if your employee runs into another vehicle or an object on someone else’s property? Commercial vehicle insurance can pay for the damages.
- Medical payments. Why pay out of pocket if your team member or passengers needed medical treatment as a result of a crash? Your commercial vehicle insurance can protect your people as well as your operational budget.
- Uninsured motorist coverage. Hit-and-run and uninsured motorists are on the roadway. When they are deemed at fault for collisions, there is no insurance policy to back them up. At this point, commercial vehicle insurance can sufficiently cover many of the costs associated to repair the damage.
- Collision coverage. Commercial vehicle insurance provides peace of mind if a business vehicle is involved in any kind of a crash.
Learn More About Commercial Vehicle Insurance Coverage
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