You need business van insurance if you use the van for commercial purposes. Whether you are a small business that occasionally uses your personal family van for deliveries, or a larger company that has a fleet of vans that they only use for business, it is important for you to find the right business van insurance policy.

Almost any insurance company that deals in auto or commercial insurance coverage can provide business van insurance that will meet your needs. It is important to check out and compare coverage, the insurance company, and the price.

You can compare business or commercial van insurance quotes online here.

Van Insurance Basics

Getting van insurance starts out just as it does for any other type of vehicle insurance. What you need to consider is the levels of insurance that you carry, for instance business van insurance should typically have much higher liability insurance levels. Business vans are often on the road more and you don’t want to lose your business because you didn’t get enough coverage. If you are responsible for the accident, you or the business may have to pay for any damage or medical needs over and above the stated insurance policy coverage.

The state where the vehicle is registered will typically have required minimum levels of coverage that are mandated by law. Each state is different, with state-specific guidelines for mandatory coverage. It is important to note that typically these minimums are too low compared to suggested levels of coverage for business vans.

For business use of a minivan, the typical coverage would include:

  • Bodily injury and property damage liability – this is typically to cover those that are injured by the van, and are not in the van. It also covers property damage.
  • Medical payments / Personal injury protection – this would cover the driver of your van, possibly passengers of the van depending on the policy.
  • Uninsured Motorist – to cover you if the van is hit by someone without insurance, without enough insurance, or by a hit-and-run accident where the other driver doesn’t wait to exchange information.
  • Collision – to pay for repair or replacement of the van if it is involved in an accident.
  • Comprehensive – to pay to repair or replace the van if it is damaged outside of an accident, for instance in the case of theft, hail, flood, or a tree falling on it.
  • Rental Reimbursement – if your vehicle has been damaged in an accident, this would allow you to rent a replacement.
  • Towing and Labor – to tow the vehicle after an accident.

Van Insurance for your Business

As a business owner you need to consider that your business van doesn’t just transport goods and services, but they are vital to your business in many other ways. This is typically your interface to customers, your way of maintaining your business and collecting money. Because of this, business van insurance is one of the most important decisions that a company or business can make.

After you’ve covered the basics, it is important to consider some of the extras that are specific to business van insurance. For instant you should consider:

  • If your business insures multiple vehicles you should check into a single deductible endorsement. This way if a catastrophe occurs, taking out several of your vans, you only pay one deductible and not one for each van.
  • Unlisted vehicle coverage is a way to expand your commercial insurance policy protection to vehicles you rent, or even to employee vehicles, if they use them for work.
  • Specifically for sole proprietorships, you can get an individual named insured endorsement, which works when you, your spouse, or related members of your household utilize rented, leased, or borrowed vehicles for business or commercial use.

Think about how you use the van, what it carries, and how the business would be affected if you didn’t have it to use. Consider covering not just the van, but possibly replacement value of the cargo or tools carried in the van for use, rental replacement options if the vehicle can’t be used, and other options that are specific to your business use.

Summary

It is important to note that the rate you pay for business van insurance will take into consideration things such as driving records of those who will be piloting the van, the type of van (including make, model, and year) as this affects cost to repair and replacement value, and the number of miles on the business van.

Also considered will be your credit report, or the businesses, whichever is listed as owner of the van, and items like how many vehicles you are insuring, if there are any safety features on the van, combining the van insurance with other policies, such as home or business insurance.

If the van is only occasionally used for business purposes and is insured on your personal policy, make sure the policy reflects this occasional use.