When preparing a commercial vehicle insurance quote for your business. There are many details an insurance agent needs to know. Whether you’re quoting for a commercial truck. Company car or any other type of commercial vehicle, use this guide to be sure you’re prepared.
YOUR CURRENT COMMERCIAL VEHICLE INSURANCE POLICY
Bring a copy of the declarations page (the front page) from your current commercial vehicle insurance policy. This gives the agent a starting point for determining. What insurance you need and how your commercial vehicle insurance. Quote can be customized to meet the specific needs of your business. If you currently don’t have commercial vehicle insurance. Bring a copy of your personal auto insurance instead.
INFORMATION ABOUT YOUR COMPANY
A credit report for you and the business will be reviewed to make sure you are financially solvent and to create an accurate quote.
If your current policy doesn’t already include it, make a list of every vehicle to be insured on the commercial vehicle or commercial truck insurance policy, including:
- Cost when new
- Gross vehicle weight, especially if the vehicle is a truck
- Current mileage
- Vehicle identification number (VIN)
Also, tell the agent how your business uses the vehicle(s). This will impact the overall premium. You’ll need to tell them if employees drive the vehicle. If the vehicle transports people or goods and how often (or rarely) the vehicle is used.
- For each driver, include:
- Legal name
- Date of birth
- Social Security number
- Driver’s license number
The insurance company will contact your state’s DMV and review driving records for each person on your list. This information is kept confidential.
Provide information about any commercial vehicle insurance claims you have made in the past three years. If you’ve been without a serious loss in that time. Your business car insurance quote and premiums will probably be lower than otherwise.
READY TO QUOTE?
Commercial auto insurance covers injuries that you or your employees. May cause to other people and their property while driving. A typical commercial auto policy may include:
- Auto liability, which protects you and your company by paying for bodily injury or property damages you may become legally liable for as a result of a covered automobile accident
- Medical payments, which pays medical expenses, up to your coverage limit, for you, your employees and your passengers arising from motor vehicle accidents – regardless of who is at fault
- Comprehensive coverage, which can help pay for damage to your vehicle from something other than another vehicle like vandalism, theft, weather events and accidents involving animals (subject to deductible)
- Collision coverage, which pays for damage to your vehicle from another vehicle whether you hit another vehicle or object, another vehicle hits you, or your vehicle rolls over – regardless of who is at fault (subject to deductible)
- Uninsured and underinsured motorist coverage, which pays for medical expenses, loss of income and other damages owed to you, your employees (expenses that are not covered by workers’ compensation) or your passengers when an accident is caused by an uninsured or underinsured motorist
A commercial auto policy also can include coverage for cars you borrow or rent, as well as coverage for employees who use their cars for your business.