As a commercial motor vehicle driver, you are responsible for your own vehicle's safety and the safety of yourself, your employees, and your company. It's important that commercial motor vehicle insurance remains in place to make sure protection is available no matter what happens.
There are a few things to keep in mind when choosing commercial vehicle insurance cover:
- The type of coverage you need. This includes coverage for bodily injury, property damage, and accidents.
- The deductible. This is the amount you must pay out of pocket before your policy covers any losses.
- The policy's limits. This tells you how much money the insurance company is willing to pay in a specific case.
- The frequency of claim payments. This tells you how often you will have to make a payment on your policy if you have a claim.
- Your policy's term. This is the length of time your policy will be in effect.
- Your credit score. This is important because your policy may require you to pay premiums with a credit card.
Take the time to compare insurance policies and find the one that is best for you and your business. Commercial motor vehicle insurance is essential for businesses that use trucks, buses, trailers, and semitrailers to transport goods and passengers. If you are transporting hazardous materials or if your truck is carrying more than 15,000 pounds, you will need special insurance.