Business owners who never had a fleet of vehicles might believe that they don’t require any special type of insurance to cover their losses. However, this isn’t usually true. Of course, if you just buy or rent a couple of cars to help promote your business or deliver supplies and products, you might have less of a need for anything other than a basic insurance policy.
However, for a fleet of transportation or cargo vehicles, and even cars or vans used to transport equipment and technicians for the purpose of providing a service, will require something known as commercial vehicle insurance.
A commercial vehicle insurance Colorado policy protects your business in the most common types of events that might lead to commercial vehicle damage. This could include trucks breaking down as a result of transporting a large volume of goods, company cars being damaged in transit along with any sensitive products they might be carrying, or buses and vans being damaged while transporting workers to and from a factory or other workplace.
As a business owner, it’s important to get commercial vehicle insurance even if you rent your vehicles and don’t own them. That is because most commercial policies will help you cover the cost of damage brought to your items and equipment, as well as the vehicles themselves.