1. Commercial Auto Insurance: This type of insurance provides coverage for damage or injuries caused by a commercial vehicle while it is being used for business purposes. It typically includes:
- Liability Coverage: This coverage pays for bodily injury and property damage that you or your employees cause to others while operating a commercial vehicle.
- Collision Coverage: This coverage pays for damage to your own commercial vehicle if it is involved in a collision, regardless of who is at fault.
- Comprehensive Coverage: This coverage pays for damage to your own commercial vehicle that is not caused by a collision, such as theft, vandalism, or natural disasters.
2. Cargo Insurance: This type of insurance protects the goods or merchandise that you are transporting in your commercial vehicle. It provides coverage for damage or loss to the cargo while it is in transit.
3. Worker's Compensation Insurance: This type of insurance provides coverage for employees who are injured or become ill on the job. It provides benefits such as medical expenses, lost wages, and disability payments.
4. General Liability Insurance: This type of insurance provides coverage for a variety of risks that are not covered by other types of commercial vehicle insurance. It can protect you from liability claims such as bodily injury, property damage, and advertising injury.
It's important to note that these are just a few examples of the insurance that may be required for a commercial vehicle. The specific requirements can vary depending on the type of vehicle, the business it is used for, and the jurisdiction in which it operates. It's always a good idea to consult with an insurance professional to determine the specific insurance requirements for your commercial vehicle.
