COMMERCIAL AUTO INSURANCE
Commercial Auto liability
Commercial vehicle liability insurance is required in every state in the United States. In the case of an accident, having the right amount of liability insurance in place would help you protect your properties. It’s important to understand that your auto insurance would not protect your business vehicles.
If your company has a single vehicle or a fleet of buses, vans, or dump trucks, make sure you have enough liability insurance. Your company is responsible for any injuries caused by you or your staff. Your business will be covered by liability insurance in the event of a liability dispute or litigation.
What Does Commercial Vehicle Liability Insurance Cover?
All of the vehicles that are insured by your commercial insurance policy will be covered by commercial vehicle liability insurance, which will protect you, the company owner.
There are several exceptions, such as workers that are expressly appointed as drivers or employees who run a short errand, who have your permission to drive vehicles you own, hire, or borrow.
Do not presume that all of your drivers are insured before you talk with your insurance agent, as your specific case will determine the amount of liability coverage you need.
Getting the Right Commercial Truck Liability Coverage
If your business vehicles include dump trucks, tractor-trailers, and other commercial trucks, then you will need to purchase truck liability coverage.
This plan would shield you from any harm or injury caused to other drivers as a result of a truck accident caused by you or one of your employees. Most states make truck liability insurance mandatory, and you’ll need evidence of coverage before you start operating.
Since large trucks like tractor-trailers, dump trucks, and car haulers can cause serious damage in traffic accidents, umbrella policies are a good idea for companies that use them. With the assistance of an impartial agent, conduct a complete cost/benefit analysis of different forms of insurance.