Why do commercial van owners need insurance?
Whether you transport people or products, it's important to be insured. Insurance helps you comply with state laws and win bigger contracts. It also helps you withstand costly lawsuits, accidents, and data breaches.
Get the right insurance
Insureon's licensed agents help small business owners find the right coverage for their commercial vans and other business risks.
Fill out our easy online application to get quotes from top insurers and personalized expert advice.
What types of insurance do you need for commercial cargo vans?
These policies cover the most common risks of a commercial van business.
General liability insurance
This policy covers the most common lawsuits brought by people outside your business, such as trips and falls in your van company's office.
- Customer bodily injuries
- Customer property damage
- Accidental copyright infringement
Business owner's policy
A BOP is a cost-effective way for businesses in the commercial van industry to buy general liability coverage and commercial property insurance together.
- Accidents that harm customers
- Theft or vandalism of business property
- Business interruption insurance
Commercial auto insurance
Commercial auto insurance covers accidents involving your business's vans, pickup trucks, and other commercial vehicles. Each state has its own requirements for auto liability insurance.
- Injuries caused by your van
- Property damaged by your van
- Physical damage coverage
Workers' compensation insurance
Most states require workers' comp for cargo van businesses that have employees. It also covers work-related medical costs for sole proprietors, which personal healthcare can deny.
- Employee medical expenses
- Disability benefits
- Workplace injury lawsuits
Cyber insurance
This policy helps small businesses recover financially from data breaches and cyberattacks. It's recommended for any business that handles credit card numbers or other personal information.
- Data breach investigations
- Fraud monitoring services
- Cyber extortion demands
Commercial umbrella insurance
This policy helps van drivers meet requirements for higher limits. It boosts the coverage limits on commercial auto, general liability, and employer's liability insurance.
- Multi-vehicle accidents
- Customer injury lawsuits
- Workplace injury lawsuits
How much does commercial van insurance cost?
An independent owner of a cargo van business likely won't pay a lot for insurance.
Factors that affect your premiums include:
- Type of business, such as guided tours, casino transportation, or hauling and delivery service
- Number and type of vehicles
- The driving records of anyone permitted to drive
- Types of coverage purchased
- Policy limits and deductibles
- Coverage options, such as collision coverage or fleet insurance
How do I get insurance for commercial vans?
It's easy to get insurance for your cargo van or passenger van business if you have your company's information on hand. Our application will ask for basic facts about your business, such as revenue and number of employees.
You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
- Complete a free online application.
- Compare quotes from leading insurance companies.
- Pay for your policy and download a certificate.
Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance coverage for your transportation business, whether you own a commercial truck, Sprinter, minivan, or other type of van or vehicle.
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FAQs about commercial van insurance
Review common questions about commercial van insurance policies.
Do I need commercial vehicle insurance if I already have personal auto insurance?
Your personal auto policy covers accidents that take place while you're driving for personal use. With the exception of commuting, it won't cover driving for business use.
Here are a few reasons why you might need business auto insurance:
- Your state mandates insurance. The laws in almost every state require a commercial auto insurance policy for vehicles owned by a business. Sometimes they include requirements for other types of coverage, such as uninsured motorist coverage or personal injury protection (PIP).
- You need insurance to sign a contract. Your clients might require you to carry a certain amount of auto insurance as part of the terms in a contract. It can also give you an edge over competitors, as clients prefer bonded and insured companies that can withstand disruptions.
- You drive a personal vehicle for work. A personal auto insurance policy won't cover accidents that occur while driving for business purposes. Hired and non-owned auto insurance (HNOA) covers the cost of accidents involving personal, rented, and leased vehicles used by your business.
- Insurance protects against catastrophic losses. Car insurance is a crucial part of risk management. It helps your business recover quickly from accidents that might otherwise cause devastating financial losses.
Depending on your profession, you may need additional coverage, such as towing or trucking insurance that covers specialized risks.
What other types of commercial insurance do you need for a cargo van business?
These insurance products cover other risks faced by businesses in your industry:
- Business interruption insurance: Also called business income insurance, this coverage pays for financial losses when your business halts operations due to a fire, storm, or other covered property loss. It's often included with commercial property insurance or a business owner's policy.
- Employment practices liability insurance (EPLI): When a worker accuses your business of unfair hiring practices or other violations of employee rights, this policy helps pay for your legal costs.
- Inland marine insurance: Commercial property insurance only covers property at your main location, so you may need motor truck cargo insurance for items in transit or awaiting distribution.
- Mobile equipment endorsement: This auto insurance endorsement covers specialized business vehicles, such as forklifts, tractors, and other machinery driven on public roads.