Who Needs Commercial Van Insurance?
If you own a business that provides delivery or transportation services, you need commercial van insurance. It’s a type of commercial auto insurance sometimes referred to as ‘Company Van Insurance’ or ‘Business Van Insurance’. Our company provides insurance quotes for hotels, churches, and other types of businesses that have vans and transport guests. What are some other examples of businesses that need this coverage?
- Delivery services/Couriers
- Rental equipment services
Common Commercial Vans
Below is a list of common commercial vans that may be covered:
- Cargo/Delivery Vans: Vehicles with cargo areas meant to transport and deliver goods.
- Refrigerated vans: Vans that transport perishable goods (Schwanns, ice cream trucks, etc.)
- Mini Vans: Some businesses use these to transport people and goods if a largo cargo van isn’t necessary.
- Wheelchair/Handicap Accessible Vans:
- Step Vans: Delivery vans with a step that provides easy access—think UPS or USPS delivery trucks.
- Box Vans: Heavy-duty box-shaped vans that can withstand ransporting heavy items.
- Passenger vans: These typically seat 12-15 people for the purpose of transportation.
- Shuttles: Vans used by airports and hotels to transport people and luggage between locations.
Common models of cargo vans include: Dodge Sprinter, GMC Savana, Ford E-Series, Ram Cargo Van, Bissan NC200/NV, and Chevy Express.
What Coverage Is Typically Included In A Commercial Van Policy?
These types of commercial auto policies are a combination of general liability coverage and property damage. Here's what's typically included:
Bodily Injury Liability Coverage
If you, an employee, or a hired driver are found at-fault for an accident, bodily injury liability coverage helps cover medical expenses for anyone injured in the accident—including transportation by ambulance if it’s deemed necessary.
If your commercial van damages anyone’s property (home, fences, mailbox, bikes, etc.) it will cover the cost of repair or replacement up to your policies limits.
Physical Damage (Collision Coverage)
This part of the policy covers any damage incurred to your vehicle in the course of an accident. It doesn’t matter who is at fault for the accident.
If you/your driver and any passengers are injured in an accident, their medical expenses fall under this coverage.
If you’re in an accident and the vehicle at fault is uninsured or underinsured, this coverage will help cover the expenses their insurance would normally pick up.
This portion of insurance coverage is for damage that isn’t incurred during an accident. It would include damage from natural disasters, theft, or vandalism.
Cost And Coverages Associated With Commercial Van Insurance
Every state has different requirements for the minimum coverage you need for your commercial auto insurance. Cost is also determined by location of your business, driving history, claims history, and the number of miles typically driven by vehicle per year. Of course the coverages and limits you choose for each portion factors in as well.
It also depends on whether or not you choose a ‘single claim limit’ policy or a ‘split claim policy’. Single claim limit is coverage up to a certain dollar amount per accident (i.e. $100,000 for bodily injury/damages incurred). A split claim policy typically holds three different dollar limits per each category: per person, total bodily injury, and total property damages. An example would be $35,000 per person, $70,000 total bodily injury, and $75,000 total property damage.
How Can I Save Money?
There are a few ways your business can save money on commercial van insurance, including:
- Require safety training for your drivers
- Bundling policies with the same provider
- Hire drivers with a record clean of traffic violations/accidents
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What Do I Need to Get a Quote?
To get an accurate commercial van insurance quote from one of our qualified agents, the following information is typically needed:
- Contact Information
- Social Security Number
- Financial Responsibility
- Named Insured
- Vehicle Year, Make and ModelVIN Number
- Drivers/Violations of Drivers
- Business Type
- Type of Coverage Requested
Please note, your information remains private. The only reason a social security number is needed is to verify driving and credit history and to verify that all of the reported information is correct.
We want to help you find the right commercial insurance policy for your small business. To get a competitive insurance quote enter your zip code and click “Get Quote” in the form above. One of our specialists will contact you soon.