Sentences with phrase «large commercial vehicle policy»
A health practice will require a specific type of professional liability insurance, known as malpractice, whereas a trucking company will have a large commercial vehicle policy.
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Whether your business uses its commercial vehicles to deliver flowers or pizza, or to move large amounts of equipment or products, only the protection of a comprehensive commercial auto insurance policy can prevent devastating losses.
If your business venture requires the use of company cars or trucks, you will need a commercial vehicle policy, and if you have taken out a large business loan, your lender may require you to carry a commercial insurance policy.
For larger commercial vehicles such as tow trucks, cement trucks, construction vehicles, tractor trailers or semi-trucks, you will need a commercial truck insurance policy.
Many business owners choose to buy a commercial umbrella policy to cover the costs of large liability claims that exceed the limits of the vehicle liability policy.
Liability limits for commercial or business policies are much higher than they are for personal policies, simply because the potential for large liability expenditures is much higher in accidents involving business vehicles.
If your business venture includes the use of company cars or trucks, you will need to purchase a commercial vehicle policy, and if you have taken out a large business loan, the financial institution that made the loan may require you to carry a commercial insurance policy.