Business Parking and Commercial Truck Insurance
Commercial truck insurance is a specialist policy that provides coverage for any trucks owned or leased by your business. General business auto insurance is standard for cars or vans only, so once you have even one truck, you may need to take out specific truck insurance. You may obtain a policy regardless of where you store your truck, however should you have on-site secure parking, you may find a better deal.
Any insurance policy is priced according to risk, so that the higher the risk of a ‘disaster’ such as theft or arson, the more likely you are to pay a higher premium. Should your truck or other vehicles be left unguarded or on the street, this may mean you will probably pay more. On-site secure, lock-up parking is always preferable. However an alternative might be to hire a space in a commercial parking garage. In this case, you may also be eligible for lower insurance costs. It is a good idea to weigh up the pros and cons of the cost of a commercial parking space with the reduced price of your insurance and safety of your vehicle.
When you are new to commercial truck insurance, your agent may assist with advice and information to help you find the best policy for your business. When you’re ready to buy a business truck, be sure to contact your agent.