If you utilize pickup trucks for your businesses, then it’s important to ensure that you and your employees are protected while behind the wheel. Commercial pickup insurance shares many similarities with personal auto insurance. Like most auto insurance plans, commercial pickup policies encompass 3 types of coverages: liability, physical damage, and uninsured / underinsured motorists. Each coverage type is defined in detail below.
Liability insurance is composed of 2 main coverage types: bodily injury and property damage. If the driver of one of your company’s pickup trucks is found to be at fault for an accident, your liability insurance will cover the cost of the other driver’s medical bills (bodily injury) and property damages.
The cost to repair or replace the other driver’s vehicle. If an employee totals or damages another car with the business pickup truck, then the property damage portion of your policy foots the bill(s).
Physical damage insurance encompasses 2 main types of coverages: comprehensive and collision. Whether your pickup truck is crushed by a falling tree (comprehensive), or collides with a mailbox (collision), physical damage insurance comes to your aid.
The cost of repairs to your pickup if it collides with another vehicle or object. More than anything else, collision is designed to protect your vehicle. For example, If someone strikes your truck while it’s parked, and then drives away (hit and run), then collision will help with repair expenses.
Even though all drivers must carry a minimum of basic liability insurance, many people drive without coverage. If your company’s pickup truck is involved in an accident with someone who is uninsured, or someone who has a policy with inadequate coverage levels, then uninsured / underinsured motorist insurance kicks in to cover what the at-fault driver’s policy lacks.
If you plan on buying a home or condo or are planning to rent an apartment in Connecticut, speak with an agent at Petruzelo Insurance today to get all the facts and information you need to make sound decisions. With over 50 years experience helping residents in Connecticut protect the things that matter most, Petruzelo Insurance is ready to listen and offer policies that fit your budget and provide peace of mind.