What is commercial vehicle insurance?

Vehicles are an essential part of many small businesses’ operational and commercial framework. Whether you run a company that handles deliveries like a florist, sells furniture or appliances like a home goods store, undertakes renovation projects like a construction company, or transports people like a shuttle service, you’ll need a car, a bus, a truck, a van, a food truck, or a dump truck.
According to Florida law, these vehicles that you or your employees use for daily work must have commercial auto insurance to protect you in the event of an accident.
Remember that if you or your employees are involved in a car accident while performing work-related duties, your auto insurance will not cover the damage. This could lead to significant financial losses for your business, including repair costs, medical expenses, and potential legal fees.
The liability coverage included in a typical commercial vehicle insurance policy covers your commercial vehicles against damages, driver injuries in case of an accident, injuries to others, and damage to third-party property.
Here’s some good news-in addition to protecting your assets and employees, the amount you pay for commercial vehicle insurance might be deductible from your taxes. This can provide a significant financial benefit for your business, demonstrating your financial acumen and prudence.
The cost of commercial vehicle insurance is influenced by several factors, including your business and the vehicle in question, the driving history of those who operate it, the type of cargo, and your business location. Understanding these factors can help you manage your insurance costs effectively, empowering you to make informed decisions about your business’s financial health.
It’s important to note that there are different types of insurance based on the kind of vehicle you want to protect, such as box truck or commercial van insurance. Being aware of these options will ensure you are well-prepared for any situation.
If you need commercial vehicle insurance, contact Univista Insurance to secure the most affordable and efficient policy to protect your business.

Call us today for a full rating! 305-728-2088. You can also quote for free here.