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How to properly insure a commercial vehicle?
- Delivery and transport vehicles
- Trucks and trailers
- Heavy vehicles
- Service vehicles
- Passenger vehicles used for business
Update on commercial vehicle insurance
A commercial transport vehicle must have coverage in the same way as any other vehicle that is insured for third parties. This type of vehicle generally costs more, hence the need to take out comprehensive insurance that best suits its specificity. Indeed, it is necessary to take into account its content, the operating loss in the event of a disaster, among other elements to be taken into consideration to insure it effectively and properly.
How is a commercial vehicle defined by the insurer?
An insurance company has several categories, including the one reserved for commercial vehicles. This category includes any car measuring a maximum of 12 metres in length and 2.55 metres in width or 2.60 metres for refrigerated vehicles. The total laden weight limit cannot exceed 3.5 tonnes, otherwise it will be considered a heavy goods vehicle. It should be remembered that a commercial vehicle, whether owned by an individual or a company, must be insured.
What basic insurance?
Basic insurance for a commercial vehicle consists of civil liability or third-party insurance. This is the minimum guarantee to take out and should be supplemented by protection against theft and accidents in view of the particularly high value of this type of car.
On the other hand, this type of vehicle is much more in demand for the various activities and the mileage travelled is generally high, which explains why insurance is more expensive than a car, for example. To optimize the cost of insurance, and in the event that the owner owns more than three vehicles, it is advisable to create a fleet to cover all vehicles at once. The premiums are inversely proportional to the number of insured vehicles. So the more vehicles there are, the more savings are made.
It’s important to consider insurance when buying a commercial vehicle. In fact, it is better to favor hybrid models whose premiums are less expensive.
Special guarantees to take out
The commercial vehicle is intended for the transport of objects and goods, which requires the subscription of a warranty for the contents, such as documents, merchandise, tools or others. If the vehicle is used for a professional activity, it is advisable to take out a replacement cost guarantee, allowing the vehicle to be replaced in the event of a claim. Similarly, you should not hesitate to take out an operating loss guarantee that insures the loss of income generated by the immobilization of the commercial vehicle.
Quels sont les différents types d’assurance véhicule utilitaire commercial ?
Commercial Commercial Vehicle Insurance is designed to provide coverage tailored to the specific needs of businesses that use vehicles in their operations. Here are the main types of insurance available for these vehicles:
- Commercial Vehicle Liability Insurance : Covers bodily injury and property damage to third parties in the event of an accident involving the commercial vehicle. This insurance is generally mandatory to be able to drive.
- Collision and Upset Insurance : Supports repairs to the commercial vehicle in the event of a collision with another vehicle or object, as well as in the event of a rollover.
- Comprehensive Insurance : Provides comprehensive coverage, including collision damage, as well as other perils such as theft, vandalism, fire, and natural disasters.
- Cargo Insurance : Protects goods and transported goods from damage or loss during transit.
- Glass Breakage Insurance : Covers the cost of replacing or repairing damaged vehicle glass.
- Business interruption insurance : Compensates for the loss of income resulting from a commercial vehicle being immobilized due to a covered loss.
- Environmental Liability Insurance : Covers costs associated with contamination or environmental damage caused by accidents involving hazardous substances carried by the vehicle.
- Legal Protection Insurance : Provides coverage for legal costs in the event of disputes related to the use of the commercial vehicle.
- Driver Insurance : Protects the driver of the commercial vehicle in the event of injuries sustained in the performance of his or her duties.
- Equipment and Accessories Insurance : Covers special equipment and accessories added to the commercial vehicle, which are not covered by a standard policy.
It is important for companies to carefully assess their specific needs and discuss with an insurance broker to find the most suitable coverage for their business activity. Insurance requirements can vary greatly depending on the type of vehicle, the intended use, and the associated risks.
