Who Needs Commercial Auto Insurance?

Who Needs Commercial Auto Insurance?Businesses that rely on vehicles for their operations often need commercial auto insurance. Whether it’s delivering goods, transporting equipment, or shuttling passengers, a commercial policy is essential to keep your business protected. This includes companies that own or lease cars, trucks, vans, or any vehicles used to carry out day-to-day operations.

What is Commercial Auto Insurance?Commercial auto insurance offers liability and physical damage protection for vehicles used for business purposes. Unlike personal auto insurance, which excludes business activities, commercial policies cover the unique risks that come with operating business vehicles.
With commercial auto insurance, you can protect your:

• Vehicles used for deliveries and equipment transportation.
• Passenger vehicles used for business purposes, such as taxis or ride-share services.
• Heavy-duty trucks, trailers, and more.

Benefits of Commercial Auto Insurance

1. Custom Policies: Tailored to your business needs.
2. Comprehensive Protection: Liability, collision, and property damage coverage.
3. Peace of Mind: Fast claims services to keep you on the road.

If your business depends on vehicles, commercial insurance isn’t optional—it’s essential.

Who Needs Commercial Auto Insurance?Many businesses require commercial auto insurance. Here are common examples:

• Contractors: Transport tools and equipment to job sites.
• Delivery Services: Deliver packages, food, or goods to customers.
• Food Services: Restaurants, caterers, and food trucks.
• Transportation Companies: Taxis, limos, and ride-share businesses.
• Non-Profits: Vehicles transporting volunteers or supplies.

If your business involves driving vehicles to conduct work, you need commercial auto insurance.

What is Considered a Commercial Vehicle?According to federal law, a vehicle is classified as commercial if it meets one or more of these conditions:

• It has a Gross Vehicle Weight Rating (GVWR) of 10,001 pounds or higher.
• It transports 8 or more passengers (including the driver) for compensation.
• It transports 15 or more passengers without compensation.
• It carries hazardous materials as defined by the Department of Transportation.

Even smaller vehicles like passenger cars and SUVs can be classified as commercial if they are:

• Owned or leased by a company.
• Primarily used for business operations.
• Registered under a business or corporation's name.

Commercial Vehicle ClassificationsVehicles are categorized by weight into eight classes:

• Class I: Less than 6,000 pounds (e.g., small vans).
• Class II: 6,001 to 10,000 pounds (e.g., light-duty trucks).
• Class III-VIII: 10,001 to 33,000+ pounds (e.g., box trucks, trailers, and heavy-duty vehicles).

Peco Insurance offers policies tailored to vehicles across all classifications, ensuring that your business has the right coverage at competitive rates.

Why Choose Peco Insurance?At Peco Insurance, we understand that your vehicles are critical to your business success. We offer:

• Custom policies designed for your specific business operations.
• Affordable rates with access to top insurance providers.
• Fast claims processing to minimize downtime.

Protect Your Business Vehicles Today. If you’re ready to protect your vehicles and keep your business running smoothly, Peco Insurance has you covered.
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