What Does Commercial Vehicle Insurance Do For Your Business?

Whether you’re in the delivery business, construction industry or transportation services, you need commercial vehicle insurance for any automobile, taxi, van, limo, bus or small truck that you use for business because a personal auto policy will not cover your vehicles used for commercial purposes.

Much like personal car insurance, however, your commercial vehicle coverage will protect you and your business from the costs of property damage, injury and liability claims that you may incur in the use of your commercial vehicles. Depending on your needs and uses, deductibles and limits, your policy should also cover:

  • Property damage liability
  • Liability for bodily injury to others
  • Optional bodily injury coverage for injuries that occur outside of the state in which you do business
  • Personal injury to you, your employed drivers or passengers including medical expenses and lost wages
  • Collision coverage for costs associated with an accident, regardless of who is at fault
  • Comprehensive coverage for damage other than collision
  • Medical payments coverage for the cost of hospitalization, treatment and funeral expenses
  • Uninsured and underinsured motorist coverage
  • Non-owned auto coverage for when you or your employees drive a rented or borrowed vehicle
  • Loading and unloading liability
  • Substitution transportation when your commercial vehicle is being repaired and you use a loaner from the repair shop
  • Towing and labor costs

You need commercial auto insurance for any vehicle that your company uses for business purposes, any vehicle that has a commercial license plate or tag and any vehicle that is registered as a commercial auto.

You must also get commercial auto coverage if your employees will be driving or using vehicles in the course of doing business, whether making deliveries, driving people to the airport or running errands on behalf of the business. Many states, including Louisiana, mandate certain businesses such as taxi and limo services to carry commercial vehicle insurance.

Knowledgeable, independent agents at Lanoix Insurance can help identify your commercial vehicle insurance needs and assist you in finding a policy to cover them while complying with Louisiana laws. These experienced agents can locate you several quotes from a variety of insurance providers, enabling you to choose a policy with the best coverage at the most affordable rates. Contact us to find out how a commercial vehicle insurance policy can be put to work for your business.