Commercial auto insurance is required for businesses that use their own vehicles for business. When commercial vehicles are involved in accidents, there is a greater chance of liability lawsuits, particularly if the vehicle is a large one like a semi truck, since heavier vehicles can cause significant damage. Whether your company owns cars, vans, trucks, or buses, you need to have a commercial auto insurance policy that meets or exceeds Colorado’s minimum liability coverage requirements as determined by the vehicle's type and weight.
The cost of your commercial auto insurance will depend on a number of factors, including the number of vehicles your business owns, the types of vehicles being covered, and how much these vehicles weigh. Larger vehicles will have higher liability coverage requirements and will therefore cost more to insure. Also, if your company vehicles are used to transport passengers or hazardous materials, you can expect your rates to be significantly higher due to increased liability risks.
I was searching for commercial vehicle insurance and TrustedChoice was the first one to reach out to me. The agent came to my business and said she reviewed several different companies. I went with her recommendation and what was matched was very reasonable.Michael of Grand Junction, CO Consumer Affairs
All commercial auto insurance policies include liability insurance. This is designed to cover property damage and injuries caused to others if one of your drivers is responsible for a collision. Businesses that wish to have more liability coverage than their commercial vehicle policies will allow can also purchase umbrella insurance. In addition to the required liability insurance, you can choose from a number of optional coverage offerings including:
There are currently 252 independent insurance agents in Colorado who are ready to help. These agents can work with a number of different insurance companies to help you obtain and compare a selection of customized commercial auto insurance quotes. That way, you can be sure you are getting the coverage you need at a fair and competitive price.