What is Commercial Van Insurance?
Whether you drive a delivery van or own a fleet of cargo vans, having proper commercial van insurance coverage is important. Commercial van insurance, also referred to as company van insurance or business van insurance, protects you in the event that one of your vehicles is damaged or involved in an accident, or if someone gets injured and you or your employee are at fault. From cargo vans to mini vans, we can insure any van you or your employees use for business purposes.
Who benefits the most out of Commercial Van Insurance?
Caterers that make deliveries
Electricians, plumbers, or tradesmen making service calls
Here are some examples of the types of company vans we insure below:
Cargo Vans Have an empty cargo area in the back used for transporting goods.
Box Vans Heavy duty box-shaped vans that carry heavy items such as loaded pallets and beverage crates.
Refrigerated Vans Designed to transport perishables and come in a wide ranges of sizes/weights.
Courier Vans Smaller in size and are used to deliver small parcels.
Passenger Vans Used for transporting people from one place to another. Typically seats 12-15 people.
Step Vans Used for parcel delivery, these vans are designed for the driver to enter and exit quickly.
Mini Vans Sometimes used by business owners to transport people and goods.
If your employees will be driving business vans, you’ll need liability insurance. Liability insurance pays for injuries or damages to other people if you’re at fault for an accident. Physical damage coverage provides protection if your business van is damaged in an accident. With physical damage coverage, you’ll want to make sure you have enough coverage to avoid losing business or profit if something happens to one of your commercial vans.
If you’re an independent contractor who makes deliveries using your commercial van, your employer may provide liability insurance that covers you while you’re working and additional insurance protection for the products or delivered goods you transport in your delivery van or cargo van. Oftentimes, the insurance provided by your employer only covers you while you’re delivering for them which means you may have to purchase your own commercial vehicle insurance for when you drive your van for personal use.
What Type Of Insurance Do Commercial Van Owners Need?
The type of commercial van insurance and the limits set by your specific policy should be based on several factors, including whether or not you are a contractor or a business owner. You should also tailor your policy around the particular requirements and laws in your state, since they vary widely.
There is typically a minimum mandated coverage amount and type for commercial vans, and each state department of insurance or your insurance agent can help you determine the right level and type of coverage for your particular needs.
Although every business owner's situation is different, a typical commercial van insurance policy generally offers:
Bodily injury liability coverage. This covers expenses incurred by injured persons if you or someone in your employ is found to be at fault for an accident in your commercial van.
Property damage coverage. If the driver of your commercial van damages the property of someone else, this coverage pays.
Collision insurance. This type of coverage handles repairs to your own vehicle following an accident. It covers costs regardless of fault.
Comprehensive insurance. This insurance covers all non-collision damage. For example, theft, weather-related damage and damage from vandalism.
Medical payment coverage. The driver and passengers in your commercial van are covered under this type of policy.
Uninsured or underinsured motorist's policy. If someone with inadequate or no insurance hits your commercial van, this policy makes up the insurance coverage shortfall.
Whether you’re purchasing your first commercial van insurance policy or you’re just looking for a lower rate, Elite Insurance Agency can help. Request a commercial van insurance quote online or by calling us. We compare rates from top insurers to help you find inexpensive van insurance with great coverage.
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