Insurance Basics: Everything You Need to Know

Why Businesses That Use Vehicles Need Commercial Transport Insurance

Most people automatically associate commercial vehicles with trucks and vans, as these are the vehicles that are commonly branded by company names. As a result, some business owners will simply take out auto insurance for their company car, yet this does not provide you with the same degree of protection that commercial transport insurance does. The first thing that you should keep in mind is that vans and trucks are not the only modes of commercial transportation. Secondly, even if you have track insurance or auto insurance commercial insurance is still critical for your business. Read on for a few reasons why every business that makes use of vehicles needs commercial transport insurance.

Commercial auto insurance will cover any type of automobile

Businesses that rely on vehicles for their daily operations should invest in commercial auto insurance coverage because this type of policy is applicable for any car that you use for your operations. Whether you make use of SUVs, sedans, or even limousines, this auto insurance will make sure that it is covered as long as it was being employed for business purposes when it got into an accident, was vandalized, was stolen, and so on. You should be cognizant of the fact, though, that these vehicles need to be registered under your company name.

Commercial auto insurance will cover an array of valuables

There is a multitude of ways that you could be making use of your company vehicles at any given time. For instance, if you own a service delivery business then your employees will use these vehicles to get to the different locations they need to be. If, for example, you specialize in massages and one of the workers was to get into an accident that damaged the massage bed in the vehicle, commercial auto insurance will compensate you for this loss. Alternately, you could be running an HVAC business. As such, your technicians need to visit multiple homes in a day. If they are transporting an air conditioning system to install at a customer's home, but it is stolen from the vehicle, your commercial auto insurance may cover this loss.

Commercial auto insurance will safeguard your employees

You may have the most conscientious individuals driving your fleet of commercial vehicles, but you can never anticipate a car accident. If one of your employees was to be involved in a collision and get seriously hurt, the company's commercial auto insurance will take care of the associated medical expenses. However, if your employee was driving this car on personal errands rather than for business smatters, the medical costs will have to be taken care of out of pocket. To learn more, contact a company that offers commercial transportation insurance