Commercial vehicles generally need to be insured with commercial auto insurance, but each type of vehicle requires slightly different protections. Cargo van insurance is often the right insurance for vans used to deliver goods in Massachusetts.
Cargo van insurance provides specialized commercial vehicle coverage for non-passenger vans. The coverages, terms and deductibles are specifically for cargo vans.
Massachusetts normally requires vehicles, including cargo vans, to be insured. Any business that has a cargo van probably needs commercial van insurance to meet (and exceed) these requirements.
Businesses that have leased or financed their vehicles are often also required to carry protections for the vehicles themselves, which aren’t required by law. These additional protections can include comprehensive coverage, collision coverage and gap coverage.
Many businesses choose to purchase protections than they are required to. Simply meeting requirements can leave businesses with extensive liability risk exposure.
Most non-passenger vans can be insured with commercial cargo van policies. This tends to be the most suitable form of vehicle insurance for vans such as:
Professional couriers, last-mile deliverers, tradespeople (e.g. electricians, painters, plumbers, exterminators, contractors) and service businesses (e.g. floral shops, rental companies, bakeries) often have these vehicles, and purchase commercial cargo van policies.
Passenger vans usually shouldn't be insured with cargo van-specific policies. Passenger vans often call for higher medical payments limits and bodily injury liability limits, which are easily found through commercial passenger van insurance policies.
Commercial van insurance policies normally at least meet the state’s 30/60/25 requirements, and most offer substantially more protection. Coverages that are commonly available include:
Collision coverage normally applies when two or more vehicles collide while moving. Comprehensive coverage normally applies when the insured vehicle is damaged in other incidents. Other incidents can include animal strikes, falling trees, burglaries, vandalism, hail and more.
An insurance agent who specializes in commercial van policies can explain the coverages in greater detail, and make sure businesses get the coverages they need.
The premiums charged for cargo van policies vary according to several factors. Some of the details that impact rates are the:
Comparing rates with an independent insurance agent makes checking costs easy. Independent agents can quickly request customized quotes from multiple insurance companies.
For help insuring cargo vans registered in Massachusetts, contact the independent insurance agents at Paul T. Murphy Insurance. Our agents have helped many businesses get the commercial insurance policies they need, and we can certainly help you find cargo van insurance.
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This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.
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