This kind of insurance is tied to the vehicle and not the driver. So, if an employee has an accident with a company vehicle, the damage is insured because the accident happened in the course of the employee’s work.
Commercial vehicle insurance covers damage or loss to your company vehicles as well as any damage to other people or property, i.e. civil liability.
This product also covers your vehicle fleet for collisions and rollovers, as well as any equipment attached to the vehicles like shovel buckets, boom lifts, hydraulic arms, etc.
Commercial vehicle insurance also covers other risks, such as property damage caused by fire, theft, vandalism, glass breakage and, in some cases, weather (flooding or hail).
You can calibrate your coverage based on the vehicle’s original value in case of theft or in the event of total loss.