Commercial vehicle drivers often face stressful circumstances that put them in danger of accidents, property damage, and even physical injury or death. If the company owner does not plan against the resulting costs, the company could face substantial financial and legal consequences.
Depending on your business, you may also require business car insurance, which covers your vehicle repair and protects your employees who travel through these vehicles frequently.
Let's take a look!
Here Are Some Types of Commercial Vehicles Covered!
- Vehicles that generally carry goods to be transported from one place to another. These mainly include trucks, lorries, and tempos.
- Insurance, especially for vehicles normally carrying one or more passengers, such as cabs, taxis, auto-rickshaw, private buses, school buses, etc.
- There are numerous other vehicles often used for and by businesses. Some of these may include particular farming, mining, and construction vehicles.
Read On, To Learn the Types Of Commercial Vehicle Insurance!
- Comprehensive Commercial Vehicle policy covers the following:
- Third-party vehicle and property damage
- Third-party bodily injury
- Loss and damage to the insured
- Third-party coverage only provides coverage in case of injury or property damage to a third-party vehicle. It doesn't cover the insured for any loss.
What's covered in Commercial Vehicle Insurance?