Many businesses in Jacksonville use vehicles in the course of their normal business operations. Whether the vehicles are used to pick up or drop off materials, transport people, or perform construction work, the state of Florida requires you to cover them with a suitable commercial vehicle insurance policy.
An independent agent in Jacksonville can help you find the best policy to meet the state requirements as well as your business’s coverage needs. Find an insurance agent near you to start comparing customized commercial vehicle insurance quotes.
Drivers of commercial motor vehicles (CMVs) are sometimes responsible for vehicule accidents. The state of Florida tracks these accidents by county.
Duval County, FL commercial vehicle crash statistics
Commercial vehicle insurance is designed to protect businesses that own or use vehicles due to the increased risk of liability lawsuits as well as the loss of income that can arise if your business is left without its necessary transportation.
The cost to cover business-owned vehicles can vary significantly from one business to the next. Rates are calculated according to a number of different factors, including:
You can minimize your risk of a collision by hiring experienced drivers with good driving records and by ensuring that your company’s vehicles are well-maintained. It is also a good idea to limit the number of hours your employees spend on the road each day to prevent problems with driver fatigue.
Many commercial vehicle insurance providers offer discounts to policyholders who provide their drivers with safety education materials and training.
Commercial vehicles vary by industry. They can range from smaller vehicles, such as delivery cars and vans, to construction vehicles, like dump trucks and front-loaders. They can also include 18-wheel cargo trucks or large passenger vehicles like buses. In Florida, if your business owns vehicles used to transport passengers or to engage in interstate commerce, your policy must comply with federal regulations governing the amount of coverage it must provide.
When your company vehicle is used to transport people, such as a cab or touring vehicle, your liability requirements will be higher, as you will be responsible for any injuries your passengers may sustain. Other factors that can increase your liability risks include if you are transporting hazardous materials or if your vehicle is large or heavy enough to cause significant damage to others.
A local independent insurance agent can help to be sure that the coverage you are purchasing meets all state and federal requirements.
All commercial vehicle insurance policies in Jacksonville will provide, at the very least, liability coverage that meets the requirements set forth by the state of Florida. Liability coverage is designed to provide compensation for third-party property damage and bodily injuries if your drivers are responsible for a vehicule collision.
Also, because Florida is a no-fault state, you will be required to carry $10,000 in personal injury protection (PIP) insurance. Your PIP coverage is designed to cover 80% of your drivers’ medical bills, and 60% of their lost wages, if they are injured in a collision.
Other coverage options you can consider include:
Company vehicle use is varied so there is no such thing as a one-size-fits-all policy when it comes to commercial auto or commercial truck insurance policies. A business that relies on a few cars for making local deliveries will have vastly different needs than one that uses big-rig trucks for interstate commerce.
A local independent agent can help you find a competitively priced policy that meets your state’s coverage requirements. Contact an insurance agent in or near Jacksonville to begin comparing customized commercial vehicle insurance quotes.