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Things That You Need To Know About Commercial Vehicle Insurance

Things That You Need To Know About Commercial Vehicle Insurance

If you’re a business owner with a fleet of vehicles, you’ll need to make sure that they’re insured. However, your personal car insurance policy might not cover them, which means that you’ll need commercial auto insurance. Here’s what you need to know about these policies:

What does commercial vehicle insurance cover?

Commercial vehicle insurance will cover damage that’s caused by an accident or natural disaster, which will protect your company’s bottom line. Not only that, but it can also help to ensure that you’ll be able to get your company’s vehicles repaired or replaced quickly.

If you don’t have commercial vehicle insurance, damage to your vehicle(s) that are used for business purposes might not be covered by your personal car insurance policy, which could lead to thousands of dollars in out-of-pocket costs. Severe damage to uninsured company vehicles could even put you out of business.

Texas drivers have to be insured

If you do not have an insurance policy for your personal vehicle or one that you use for your business, you could face serious consequences. In fact, driving an uninsured vehicle in Texas can result in serious fines, which could be highly damaging to your company’s bottom line.

What types of commercial vehicle insurance are there?

There are commercial vehicle insurance plans that are designed to cover contractors, towing, for-hire transportation, for-hire specialty services, and business auto coverage. Some commercial vehicle insurance plans offer all five types of coverage, which is perfect for many business owners who offer multiple services.

How much will it cost?

Your commercial auto insurance rates will depend on the type of business that you own, where you’re located, and how much you tend to drive. However, the fact that you usually will need to insure multiple vehicles makes it somewhat more expensive than personal auto insurance policies.

We offer commercial auto insurance that’s designed for Texas residents

We’re based out of Austin, Texas and offer commercial insurance that can protect the assets of business owners, including their vehicles! So, give us a call today if you’re interested in a commercial auto insurance plan from EZ Insurance!