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Commercial Vehicle
Commercial vehicle insurance is a specialized policy designed for businesses that use vehicles in their daily operations, such as transporting goods or people. If you own a business that uses vehicles, especially those not used primarily for personal transportation, you might need a commercial vehicle insurance policy.
What Is Commercial Vehicle Insurance and What Does It Cover?
Commercial Vehicle insurance provides protection for business-owned vehicles such as trucks, vans, passenger cars, or trailers used in the course of business operations. It covers damages to the vehicle, liability claims, and injured parties, among others, depending on the policy. The policy coverage typically includes:
- Liability coverage. This covers injury, property damage, and legal fees should the business owner or a designated driver cause an accident.
- Collision coverage. This covers damage to the vehicle in an accident, regardless of the cause.
- Comprehensive coverage. This covers damage to the vehicle due to non-collision factors, such as theft, fire, vandalism, or natural disasters.
- Uninsured/underinsured motorist coverage. This covers injuries and damages caused by a driver who is uninsured or who doesn’t have enough insurance to cover the damages.
Who Needs Commercial Vehicle Insurance?
Any business that owns or leases vehicles, whether it’s a sole proprietorship, partnership, corporation, or LLC, might need commercial vehicle insurance.
Commercial vehicle insurance is suitable for businesses involved in:
- Hauling or transporting goods or materials
- Providing taxi or limousine services
- Providing any other transportation for a fee
- Sales or delivery services using a business-owned vehicle
How To Save on Commercial Vehicle Insurance
Like any other insurance policy, commercial vehicle insurance comes with various fees, also known as premiums. However, businesses can save money on commercial vehicle insurance by:
- Choosing higher deductibles. This means the business pays a higher amount before the insurance coverage kicks in.
- Bundling policies. Businesses can save money by bundling other insurance policies, such as general liability or workers’ compensation.
- Safe driving. Businesses can reduce their premiums by maintaining a good driving record and using safety measures on their vehicles.
Uniserv Insurance Services: Commercial Vehicle Insurance in Southern California
Commercial vehicle insurance is vital for any business that uses vehicles in its daily operations. It provides protection against unforeseen events and legal actions that can negatively affect a business’s operations.
Choosing the right commercial vehicle insurance policy depends on your business’s needs and operations. If you need assistance finding the right coverage for your business, contact Uniserv Insurance Services today. Our team stands ready to offer the knowledgeable assistance you deserve.
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