Commercial Vehicle
Insurance
Keep Your Business Protected Cost-Effectively
Commercial vehicles—whether they’re delivery vans, box trucks, or eighteen-wheelers—are vital for smooth business operations. However, these workhorses come with inherent risks, from accidents and theft to weather-related damage.
Without proper protection, a single incident could cripple your operations or lead to significant financial losses. That’s why commercial vehicle insurance is a necessity. It serves as a financial shield, safeguarding your investments while ensuring uninterrupted business continuity.
At TIS Insurance Services, we offer tailored commercial auto insurance solutions that provide comprehensive coverage for your vehicles—whether they’re used for deliveries, logistics, or specialized purposes. With access to a wide network of top insurers, we deliver cost-effective plans that fit your business needs.
Considerations When Choosing Commercial Vehicle Insurance
What types of coverage do you need?
How much coverage is necessary to safeguard your business operations?
What budget do you have for insurance premiums?
Are there additional coverages you may require?
How does commercial vehicle insurance align with your long-term business goals?
Premium Basis
Vehicle Type and Usage
Driving History
Location
Driver Age and Gender
Coverage Limits and Deductibles
Driver Experience and Training
Claims History
Choosing the right insurance can make all the difference in protecting your assets and maintaining seamless business operations.
Key Features of Business Vehicle Insurance
- Comprehensive Coverage: Covers a range of vehicles, including trucks, vans, cars used for business, trailers, and specialized equipment.
- Higher Policy Limits: Reflects the potential for greater financial losses associated with business vehicles.
- Protection from Exclusions: Fills the gaps left by personal auto policies, which often exclude coverage for business use.
Our expert team uses these factors to negotiate the best quotes from a broad network of providers, ensuring you get the coverage you need without breaking the bank.
Get Comprehensive Business Vehicle Insurance?
Business vehicle insurance is designed to address the unique risks associated with vehicles used for commercial purposes. Unlike personal auto insurance, which covers individual drivers and their personal vehicles, commercial insurance provides tailored coverage for vehicles owned, leased, or operated by businesses. Whether you run a small delivery service or a large logistics company, business vehicle insurance ensures your fleet and operations are safeguarded.
Key Commercial Vehicle Insurance Coverages
Commercial Auto Liability
This provides coverage for bodily injury and property damage caused to others in an accident involving your business vehicle. The foundation of your commercial vehicle insurance includes legal fees associated with liability claims.
Uninsured /Underinsured Motorist Coverage
Uninsured/underinsured motorist coverage is critical for protection against drivers who either don’t have insurance or whose insurance is insufficient to cover damages. In the event of an accident caused by such a driver, this coverage ensures that the business can recover the costs associated with injuries or vehicle damage.
Medical Payments Coverage
Medical paymentcoverage, also known as MedPay, helps pay for medical expenses for the driver and passengers in the event of an accident, regardless of who is at fault. This coverage can include hospital visits, surgeries, and even rehabilitation costs. It’s especially beneficial for businesses with a high risk of employee injury due to vehicle accidents.
Hired and Non-Owned Auto Insurance
Hired and non-owned auto insurance is essential for businesses that occasionally use rental cars or personal vehicles for business purposes. This coverage protects the business from liability and damages when an employee’s personal vehicle or a rented vehicle is used for work-related activities.
Equipment Breakdown Coverage
Equipment breakdown coverage is essential for businesses that use specialized equipment attached to their vehicles, such as refrigeration units or hydraulic lifts. This coverage helps pay for the repair or replacement of such equipment if it breaks down, ensuring that business operations can continue smoothly.
Roadside Assistance Coverage
Roadside assistance coverage provides services such as towing, tire changes, jump-starts, and lockout assistance. This coverage is beneficial for businesses to minimize downtime and ensure that their vehicles are back on the road as quickly as possible in case of minor breakdowns.
Personal Injury Protection (PIP)
Personal injury protection (PIP) coverage pays for medical expenses, lost wages, and other related costs for the driver and passengers, regardless of fault. PIP is especially important in states with no-fault insurance laws, providing a broader scope of protection than standard medical payment coverage.
Custom Parts and Equipment Coverage
For businesses that have customized their vehicles with special equipment or enhancements, custom parts, and equipment coverage is crucial. This coverage protects against the loss or damage of these additions, ensuring that the full value of the vehicle is covered.
Rental Reimbursement Coverage
Rental reimbursement coverage helps cover the cost of renting a vehicle while a business’s commercial vehicle is being repaired due to a covered loss. This coverage ensures that business operations can continue without significant interruptions.
Gap Insurance
Gap insurance is particularly useful for businesses with leased or financed vehicles. In the event of a total loss, gap insurance covers the difference between the vehicle’s actual cash value and the remaining amount owed on the lease or loan. This prevents businesses from being financially burdened by an unpaid balance.
Cargo Insurance
For businesses that transport goods, cargo insurance is vital. This coverage protects against loss or damage to the cargo being transported. It is particularly important for logistics companies, delivery services, and any business involved in the transportation of valuable goods.
Add-On
COVERAGES
At TIS, we believe in personalized service. We assess your fleet, operations, and unique risks to create a customized insurance plan that maximizes protection and minimizes costs.
Get a Quote
- Provide us with Commercial Vehicle Insurance or just some simple contact information.
- A TIS Team Member will reach out to gather additional information needed to provide an innovative, accurate quote.
- Get the coverage you need.
Why Commercial Vehicle Insurance Matters
At TIS Insurance Services, we know that protecting your commercial vehicles is more than just a legal requirement—it’s an investment in the stability and growth of your business. Here’s why securing the right coverage matters:
Financial protection
Accidents involving commercial vehicles can be hugely costly. Repairing or replacing damaged vehicles, covering medical expenses for injured parties, and potential lawsuits can quickly drain your business’s resources. Commercial insurance absorbs these financial blows, allowing you to focus on getting your business back on track.
Employee Protection
If your employees drive company vehicles, commercial vehicle insurance provides coverage for their injuries and liabilities, ensuring their safety and well-being.
Moreover, commercial vehicle insurance is mandatory in many regions. Operating a vehicle without proper coverage can result in fines, license suspension, and even the closure of your business.
Client Assurance
Having commercial vehicle insurance demonstrates professionalism and reliability to your clients. It shows that you are prepared for unexpected events and are committed to fulfilling your business obligations.
Competitive Rates and Unmatched Value
By leveraging our strong partnerships with top insurance carriers, TIS Insurance Services ensures you receive competitive rates without sacrificing comprehensive coverage. We strive to give you the best value for your insurance investment, balancing affordability with optimal protection for your business.
Choose TIS Insurance Services for your commercial vehicle insurance needs and experience the difference of working with a partner who truly understands your business and is invested in its success.
Frequently Asked Questions (FAQs) About
Commercial Vehicle Insurance
What is commercial vehicle insurance?
Commercial vehicle insurance provides coverage for vehicles used for business purposes. This type of insurance helps protect against financial loss due to accidents, theft, vandalism, and damage from weather conditions.
How is commercial vehicle insurance different from personal auto insurance?
Commercial vehicle insurance is specifically designed for vehicles used in business operations. It typically offers higher coverage limits and additional protections tailored to business needs compared to personal auto insurance.
What factors affect the cost of commercial vehicle insurance?
Factors such as the type of vehicle, its use, driving history, the number of vehicles insured, and the coverage level chosen can impact the cost of commercial vehicle insurance.
What types of coverage should I consider for my business?
Depending on your needs, consider liability coverage, comprehensive coverage, collision coverage, cargo insurance, and uninsured motorist protection.
Is commercial vehicle insurance mandatory?
Yes, in most regions, commercial vehicle insurance is required by law to operate vehicles used for business purposes.
How do I file a claim with my commercial vehicle insurance?
Contact your insurance provider as soon as an incident occurs. They will guide you through the claims process and provide the necessary forms and support.
Can I add additional vehicles or remove vehicles from my policy?
Yes, most commercial insurance policies allow you to add or remove vehicles as needed. It’s best to contact an experienced insurance provider to discuss any changes to your policy.
