In Wisconsin, business owners purchase policies to protect their investments. Among these investments are automobiles and trucking fleets. These vehicles must be covered under the right policies to meet the state’s minimum for these vehicles. The owner must acquire this coverage before the automobiles or trucks are driven on the road. The following are FAQs about Commercial Vehicle Insurance Policies in Milwaukee Wisconsin.
Are There Limitations for These Policies?
Yes, these policies impose limitations on coverage based on how the vehicles are used. For instance, the coverage is used for business purposes only. If the owner chooses to drive the vehicle for any other purpose, they must acquire additional coverage. The policy won’t cover any accidents that occur beyond business hours.
Who Can Drive the Automobiles?
The policy must identify all drivers who will operate the vehicles. This is why most commercial drivers must undergo an assessment by the Department of Transportation when operating 18-wheelers. The business owner must avoid drivers with extensive records of moving violations and major offenses. This can lower the risk of liabilities that could increase the premiums each month.
What Does the Policy Cover Exactly?
The policy coverage depends greatly on the coverage level chosen for the vehicle. Typically, it covers the cost of repairing other vehicles involved in an accident. The commercial coverage should also provide coverage for repairs for the vehicle itself. Certain medical coverage requirements are included in these policies. It may also cover cargo that is business-based if the vehicle is used to deliver to clients.
Will the Policy Pay if the Driver was Intoxicated or Impaired?
In most cases, no, these policies won’t provide coverage if the driver is drunk or otherwise impaired. The business owner should review the terms of the policy to make this distinction. If the vehicle is a commercial truck, intoxication of a driver is a violation of federal regulations.
In Wisconsin, business owners acquire insurance coverage for their vehicles to mitigate common risks. These risks are often associated with auto accidents, medical requirements, and damaged products inside the vehicle. Business owners who need Commercial Vehicle Insurance Policies in Milwaukee Wisconsin contact P & C Insurance Services Inc. or Browse the website today.
