What is Commercial Auto Insurance Policy?

05/05/2021 Financial & Legal Services

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Commercial vehicle insurance in India is basically protection against physical damage and liability coverage for situations, amounts, and usages that are not covered under a personal auto insurance policy. Since the difference between personal and commercial vehicle insurance policy is clear by now, you should know that commercial auto insurance policy is most important for your business. Commercial auto insurance policy covers a wide range of vehicles—from different automobiles that are used for business, including the cars used by companies, to a wide range of commercial trucks engaged in strenuous jobs. Food trucks, box trucks, service utility trucks and work vans are just a number of examples of larger commercial vehicles. These vehicles also require ample coverage and such coverage include covers for employees who operate the vehicle as well as the equipment inside. This type of auto insurance policy may be referred to as commercial auto insurance, truck insurance, commercial car insurance or fleet insurance.

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