You might wonder if your business needs commercial vehicle insurance. But it’s not always that easy to decide. This article covers the costs and types of coverage you can get with commercial vehicle insurance. In addition, you’ll learn about the Add-on coverage options and exclusions. So how do you decide if your business needs commercial vehicle insurance? Read on to find out more! Below are some tips:

Costs of commercial vehicle insurance

The cost of commercial vehicle insurance depends on the type of vehicle that is being insured. A typical van will cost $3,300 to $6,200 to insure, while a semi-truck will cost around $8,500 to $12,500. Limousines and cabs can cost anywhere from $5,000 to $10,000. These premiums are not cheap, but they cover the risk of accidents and other damage, which is why it’s important to shop around and compare quotes.

The type of business that uses a commercial vehicle will determine the cost of insurance. A truck is generally more expensive to insure than a van that transports employees. Other factors that determine premiums are the make and model of the vehicle, as well as the cost of replacing the vehicle. The type of business that a company runs will also have a significant impact on insurance costs. People and cargo transportation vehicles are more expensive to insure than farming and construction vehicles. Insurance premiums also depend on how many vehicles are covered.

Commercial vehicle insurance is mandatory in the state of Illinois. All drivers need liability auto insurance, which is tied to the vehicle. However, business owners must also have a certain level of coverage on their work vehicle. The Illinois requirements are $25,000 per person and $50,000 per accident, with up to $20,000 for property damage. These requirements may differ for other states, but you should never be without coverage. The best way to find the best commercial vehicle insurance for your needs is to compare different policies and quotes. You may be surprised by how much coverage is needed.

Despite what some people may think, the costs of commercial vehicle insurance can be quite affordable for small business owners. The average cost of business auto insurance for a single vehicle can range anywhere from $1,134 to $2,982, according to the Insureon survey of more than a thousand policies. By using the services of an insurance agent, you can choose the right coverage for your needs. And the benefits are obvious. There’s no better way to protect your business and your employees than with an insurance policy.

Coverage offered

A personal auto insurance policy may be enough if you only use your vehicle occasionally for business purposes. However, if you’re using your car regularly for work purposes, such as transporting heavy objects or logging a high mileage for work, you’ll need a commercial auto insurance policy. But determining whether your business needs commercial auto insurance may be a challenge. In this article, we’ll discuss the different types of commercial auto insurance coverage and what you should be aware of.

While many people do not need commercial auto insurance for their own vehicles, business owners often find that their personal auto insurance does not have the coverage they need. A commercial policy provides liability coverage for damages to other people or property. Additionally, the policy will pay for medical expenses if you or your employees are injured in an accident. Commercial auto insurance may also include non-owned vehicles. If you are self-employed, you will also need this type of coverage.

Regardless of the type of business you run, your vehicles are crucial to your success. You may lease or rent a vehicle, and use it for deliveries or client meetings. Your company relies on these vehicles to serve your customers and generate profit. However, collisions can occur, and this can damage nearby property, resulting in expensive repair bills and lost revenue. Commercial vehicle insurance will protect your business against such catastrophes. It is important to understand the types of coverage offered by commercial auto insurance before purchasing a policy for your business.

Commercial auto insurance may also provide medical expense coverage and uninsured motorist coverage. Many insurers offer discounts for members of professional associations, such as the Restoration Industry Association, the Building Trades Association, and the Painting and Decorating Contractors of America. It is important to know that insurance agents are very upfront about these options and will be happy to explain any details that they may have overlooked. Once you have decided on a commercial auto insurance policy, you can begin saving money every month on your policy.

Add-on coverage options

There are several add-on coverage options for commercial vehicle insurance. Breakdown cover is one such example. It provides assistance services if your vehicle breaks down, such as fuel delivery, tyre repair or towing. You can also choose to have your policy reimburse you for the full invoice value of your vehicle in the event of a theft or total loss. Having this cover also helps you maintain your No Claim Bonus discount, which will reduce your own-damage premium for every year that you don’t make a claim.

Aside from comprehensive coverage, many insurers offer roadside assistance as an add-on. This service allows you to call a tow truck and have your car towed to a mechanic for repairs. Another common add-on option is named insureds coverage. This is a type of personal liability coverage that covers specific individuals when they drive a business vehicle. However, this coverage is not available for rental vehicles.


Commercial auto insurance policies generally exclude claims against the insured and the company they represent. For example, if your truck causes an accident while transporting toxic chemicals, you won’t be covered. However, you can purchase a separate policy for personal vehicles, and that coverage will protect you from lawsuits from injured employees. There are also exclusions in commercial auto policies that cover activities that are prohibited by law, including professional racing, demolition contests, stunting activities, war, and rebellion.

Commercial auto insurance policies have many other limitations. You should know what kind of vehicles you can and cannot use for business. There are also certain types of businesses that you cannot use for business. For example, if you are a delivery driver, you may need a special endorsement. You might also want to avoid driving your own vehicle while working for a company. You may want to limit the number of employees you hire. Then again, you should consider hiring independent contractors.

However, the most important exclusion is the driver exclusion. This exclusion will prevent you from being covered for accidents that happen while you are transporting goods. If you do have employees, you must also purchase worker’s compensation insurance to cover any costs incurred by those workers. This coverage can help pay for medical bills and lost wages. And don’t forget to check the deductible. If your vehicle insurance policy doesn’t cover your driver, you might be in violation of state law.

Despite the broad coverage of commercial auto liability insurance, it still does not cover every auto-related claim. Generally, there are 13 separate exclusions in Section II of the policy. Most of these exclusions are absolute, while others are exceptions. The first exclusion is intended to exclude bodily injury or property damage that is expected from an insured standpoint. It also excludes intentional damage to another person’s property.

Other important exclusions in commercial auto insurance include business use. You may not be aware of it, but food delivery drivers use their own cars eight hours a day. If your vehicle gets damaged, your personal insurance coverage might not kick in. These coverage gaps could be costly to your pocketbook. The good news is that commercial auto insurance is available to fill in the gaps. Just make sure you understand the coverage exclusions in your policy.