Before diving with the best deals, let’s have a look at what commercial auto insurance cover?

What is commercial auto insurance?

Commercial auto insurance is an insurance policy for any commercial vehicle used for the business purpose and where you can claim regarding any physical damage and liability coverage for situations and amounts which are not covered by a personal auto insurance policy. There are different kinds of vehicles covered under commercial auto such as trucks, vans, tractors, taxies, coaches, bobtails, contractor vehicles, shovels, cranes, etc. that are used for commercial purposes for any kind transportation from one place to another.

It will cover any bodily injury, property damage liability, damage to any physical appearance of your vehicle, and any injury that occurred to the driver, pedestrian, or other motorists on the road. Apart from a collision, cases of theft and vandalism will also be covered.

Types of commercial auto insurance:

• Bobtail insurance: If you deal with trucks, then definitely you should educate yourself on bobtail insurance. Bobtailing or deadheading is a way to use your commercial truck without the trailer. If in any situation, you meet with an accident, then this insurance will cover any damage regardless of whether you are or under the dispatch of a job.
• Box trucks insurance: Through this policy during accidental death in public transport, you can avail higher coverage amount otherwise for dismemberment insurance (losing limb/hand/leg/eye) you will be paid a good amount on that policy.It’s a combined commercial auto policy focused to insure the risks of owning and operating the box truck. It is customized to cover the business like moving trucks and protecting truck, driver, and cargo.
• Trucking insurance: If you own a business, then there might be chances that you have two to three trucks of your own for operation. This insurance is a customized policy for your trucks that are used for your business. It covers any financial losses that occurred or to the truck. It avoids any downtime, maintain profit margins, and can possibly save money for your business growth.
• Tractor-trailer insurance: The most important part of commercial auto insurance. This semi-truck insurance is used for the business purposes for freight delivery across the country or any in-town delivery. Accidents involving this tractor-trailer can cause the use of destruction to property and personal injury suits too. The policy covers physical damage, liability insurance, coverage for cargo, and drivers who are uninsured or underinsured.
• Contractor vehicle insurance: It is a comprehensive risk policy designed to cover a broad spectrum of threats to which a vehicle is exposed to. It covers loss through any accidental damage, theft, etc.
• Dump trucks insurance: This insurance plays a vital role in personal finances such as family and business. It is an excellent way to deviate the risks to which you are exposed. This can be comprehensive in coverage; the payments can be annual, semiannual, quarterly, or monthly.
• Delivery van insurance: This policy is the essential one for those who deliver goods and packages for their living. It covers the cost of the vehicle you are driving if in case it gets lost, stolen, or damaged or in any situation where a third party is injured by your van. The goods are also protected during transit, depending on the level of cover your choose.