Common Types of Commercial Vehicles Insured

If you own a business and have a vehicle that you use for or within that business, then you must consider the purchase of a commercial auto insurance policy in order to protect your business from the financial losses associated with a damaged commercial vehicle.

Many business owners aren’t sure what they should consider a vehicle and what they should consider equipment when it comes time to get the proper insurance coverage. Here is a brief guide to give you an idea about how to differentiate.

Vehicles by Ownership Status

You can insure a commercial vehicle that you hold the title for, but you don’t need to own a vehicle in full before you add it to your commercial auto policy. You can insure leased vehicles, hired or rented vehicles and in some cases, even vehicles that you borrowed for the purpose of your business.

Types of Vehicles

There is almost no limit to the kinds of vehicles you can insure under your commercial vehicle policy. Here is a list of some of the most common vehicles insured:

• Private passenger vehicles. As long as the automobile is used for business purposes, a private passenger vehicle can be covered.
• Delivery vehicles. This might include vans, trucks, cars, motorcycles—even scooters.
• Trucks. If your business uses dump trucks, panel trucks, tow trucks, or any other type of industrial truck it can go on your policy.  
• Trailers. Trailers are considered vehicles and can be covered on a commercial auto policy.
• Buses. Whether you use the bus for private charters or daily passenger transportation, you can protect it with your commercial vehicle policy.  
• Some earth moving equipment. Not all earthmoving equipment qualifies for coverage under a commercial auto policy.

Click to read full story about the vehicles that are not covered and the different types of coverages.

Call us at 855-754-7414 to get a free Florida business & commercial insurance quote.