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Commercial vehicle insurance
Commercial vehicle insurance refers to the insurance for vehicles that are used for commercial purposes. Every business owner needs some kind of insurance for their business vehicles. The coverage for commercial insurance is similar to the coverage for personal auto insurance.
Many business men have common vehicles for both business and leisure. But they should bear in mind that if the vehicle is in the name of the business, then the policy should also be taken in the name of the business. The name of the business should be included as the principal insured and not the name of the owner. So that incase a claim is filed against the businessman or he has the need to file a claim against someone, possible confusions can be avoided.
There are countless kinds of auto insurance policy. The businessman should choose the one depending upon his driving. The major coverages are common for both personal and commercial auto insurance policy. There may be subtle difference in technical respects.
More Glossary Terms Explained here
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