If you use vehicles to transport goods or people (such as employees or clients) as part of your business operation, then it is mandatory that you purchase commercial auto insurance policy in Pennsylvania. The state law requires that all drivers must carry insurance on the vehicle being driven.
It might seem like an unnecessary expense but the costs associated with paying for medical bills during crashes or legal fees due to lawsuit can be more costly. You would not want to put that burden on your business’ finances.
There are over a million businesses operating in Pennsylvania and so commercial auto insurance is in huge demand in the state. A different policy is required for commercial vehicles because they require higher limits than personally-driven vehicles. Plus, you have to take into account the cost of repairing the vehicle (which can be costly for large sized ones like trucks and trailers) and the value of the cargo.
The nature of the business is one of the areas considered when assessing the cost of commercial auto insurance. Some industries have higher risk so they cost more to insure. The vehicle itself is one of the things that agents look into. The size and weight of the vehicle, as well as the overall condition, can affect the final quoted rate.
Finally, the location of the business will also determine the insurance rate. If your business is based in big cities like Pittsburgh or Philadelphia, you will pay a higher insurance rate simply because of the risks to other vehicles and surrounding establishments posed by your vehicle.
The state law also indicates minimum liability coverage limits for commercial auto insurance. You need to abide by these limits to ensure that your policy is valid:
For othere states, make sure to check the requirements by state.
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106 Central Ave, Cheltenham, PA 19012
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590 Sun Haven Dr #1, Clayton, NJ 08312
(888) 287-3449
http://patruckinsurance.com/
