There is an absolutely massive range of specialty vehicles on the road today for different commercial applications. These different cars, vans, trucks and buses all look different and are used in different ways. They may have special features, usages and restrictions, along with unique risks that come with those different designs and applications.
This means that each type of specialty vehicle must be protected with its own specialty type of commercial insurance. There’s no such thing as one size fits all insurance, at least not when it’s provided to the consumer in the correct fashion.
There are two problems with this. One, the business owner pays for coverage they don’t need and which in no way could actually apply to them. There are all types of bells and whistles which simply amount to unnecessary cost, because they’ll never be used.
Two, the business owner is paying for coverage and assumes protection for their business, only to find out the hard way when they need it the most, that they weren’t fully or accurately covered at all. That generic plan must have had my specialty vehicle and type of business included, right? Maybe not, as many business owners go on to find out the hard way.
Simply look at two of the fastest growing types of commercial vehicles on the road today. There are food trucks, which everyone seems to love more and more. These are mobile kitchens with deep fryers and ovens, serving, storing and preparing food as they drive around. Clearly, those are unique risks and factors and a very specific insurance plan needs to be developed.
From there, look at ridesharing drivers, and the companies which have sprouted up over the past year. From Uber to Lyft, Sidecar, Wingz, and all the rest, these are personal cars used part of the time for commercial applications. There’s also a lot of gray area between those two different halves.So how are they supposed to be properly protected?
Then you have the full spectrum of specialty trucks. A refrigerated truck delivering food regionally clearly has different needs than a hazmat or waste truck, or a log hauler, or a long distance mover, or a tow truck. These are all very different in how they’re designed, what they do, the risks they face, and the coverage needed.
Don’t settle for a one size fits all or generic solution. Find a commercial vehicle insurance plan which has been carefully put together based around your needs, your business, the type of vehicle you’re using, and all the rest.