As an entrepreneur, you need insurance protection for the trucks, cars, vans, and other vehicles you use to do business or for personal business travels. Your personal auto insurance doesn’t cover some of the vehicles you use at work. As a result, you require a separate policy known as commercial vehicle insurance. If you conduct your business in Wheat Ridge, CO, you can get this coverage from insurance companies like CO Insurance Specialist.

 

Most business people in different states are required to buy liability insurance for property damage and bodily injury that could occur due to an accident involving your company vehicles. Other states also require business owners to have underinsured/ uninsured motorist coverage including medical payments coverage. You may also buy physical damage coverage for the vehicles your company hires, owns or leases. 

 

Each vehicle used in your firm is separately listed on the policy along with its coverage limits. In simple terms, it means that you can pick different coverages for different vehicles, although this is determined by the characteristics of the vehicle and the protection you require for it. 

 

 

The scope of coverage can either be narrow or broad depending on the company’s choice of options. For instance, the company can apply for one specific car or a policy may be written for a named liability exposure that may arise when any vehicle in the firm is used (broad coverage).

 

To be on the safe side, you should get coverage for all the vehicles your business uses, including those that the company does not own, lease, or hire. This coverage also protects a firm from any liability when an employee drives a personal vehicle for business purposes. 

 

You can get your commercial auto insurance coverage from CO Insurance Specialist, a company that serves the Wheat Ridge, CO area. Contact us for more information.