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. Commercial Vehicle Insurance is a policy of physical damage and liability coverages for amounts, situations, and usage not covered by a personal auto policy. Seems obvious, doesn’t it? But, seriously, knowing the difference between a personal auto insurance policy and a commercial auto policy (and when you need which) is important business — for your Texas business. This type of business insurance covers a variety of vehicles. You may also have heard of this coverage referred to as commercial auto insurance, commercial car insurance, truck insurance, or fleet insurance.
What Does Commercial Vehicle Insurance Cover?
Commercial vehicle insurance, like your personal auto policy, provides similar coverages such as liability, collision, comprehensive, medical payments (or personal injury protection) and uninsured motorist coverage. However, there are also differences between a commercial auto insurance policy and your personal auto policy that may include eligibility, coverages, items that might be excluded, and different amounts of coverage limits.
Why Do You Need Commercial Vehicle Insurance in Texas?
Personal auto policies were not meant for businesses, they are written and rated differently. More important to you — a business owner or manager — businesses often need the particular coverages found in a commercial auto insurance policy.
Call now or click here to contact your commercial auto expert at Ryan Everet Insurance to tailor the coverage you need.