Commercial Insurance

This type of insurance coverage applies to a group involved in a commercial venture. Their services meet the requirements of commercial trucks, fleet cars and tow trucks. Commercial insurance companies offer a range of policies that allows a business to have their insurance needs tailored to fit their specific needs. With these companies having such a wide scope of acceptance, they are sure to be able to offer coverage for nearly every driver and business no matter what the vehicle model.

The commercial truck insurance policies can also be customized to best serve a drivers needs such as facilities like 24/7 claims service, flexible payment schemes and even discounts. These truck and trailer policies will cover everything from:

• Front loaders
• Garbage trucks
• Flatbed trucks
• Box trucks
• Pick ups
• Dump trucks

They will also offer assistance for:

Truck Insurance Filing. This is very important especially when you need to show proof that the insurance coverage you own is sufficient for the vehicle you operate.

Federal Insurance Filing. This applies to businesses involved with hazardous cargoes, for hire trucking and interstate trucking. An example of this would be, if your company does specialist, long haul or regional trucking. If the goods you are hauling are non-exempt and move across state lines then for-hire truckers would also need a federal filing.

Businesses that never cross a state line or engage in intrastate trucking do not require federal filing. Private haulers carrying their own goods like farmers, retailers and manufacturers or those hauling goods under someone else’s authority like a truck owner leased to another carrier are considered unregulated and as such do not need to have federal or state registration.

Apart from the trucking authority, there may be other reasons a business may be required to show proof of insurance. Those that use over-sized vehicles or drivers with only a probationary license may require either a non-trucking filing or a certificate of insurance.

If your business is involved in the movement of hazardous cargoes or passengers it may well serve you better to go to a specialized insurance company.

These insurance companies deal with hundreds of questions every day of the week, below are a couple of the more common ones with the answers.

• What type of cover should my business have? Given that different businesses have different needs, it’s a wise choice to choose a company that can tailor a policy that will cover all your needs.

• Does my business really need commercial auto insurance? Most businesses are required to have commercial vehicle insurance. Take the freelance rep using their own car to get their goods to customers- they would not need a commercial insurance coverage, an ordinary personal insurance would suffice.

• Do all commercial insurers cover all vehicles and businesses? The answer is no, some companies make exclusions on what they will and will not cover. This is why it’s always better to try and find a company that deals with your type of hauling needs.