What Does Commercial Motor Vehicle Insurance Cover?

Commercial motor vehicle insurance provides coverage for businesses that operate vehicles for business purposes. These policies provide protection for vehicles used for business activities such as delivering goods, providing transport services, and other types of business activities. 

Liability Coverage

Liability coverage provides protection for businesses if they are held responsible for damages caused by an accident involving one of their vehicles. This coverage pays for damages suffered by the other party in the accident, including medical expenses, property damage, and lost wages. Liability coverage also pays for legal fees if the business is sued as a result of the accident. You may check this out https://connectbi.com.au/insurance-types/commercial-motor/ for commercial motor vehicle insurance.

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Physical Damage Coverage

Physical damage coverage protects the business from losses due to damage to the vehicles they own or lease. This coverage pays for repairs or replacement of the vehicles in the event that they are damaged due to an accident or other event.

Medical Payments Coverage

Medical payments coverage provides protection for medical expenses for people who are injured in an accident involving a business vehicle. This coverage pays for medical bills regardless of who is at fault for the accident.

Uninsured Motorist Coverage

Uninsured motorist coverage provides protection for businesses if they are involved in an accident with a driver who does not have insurance. This coverage pays for damages caused by the uninsured driver, including medical expenses, property damage, and lost wages.