Introduction
If you have a driver who owns their own vehicle and already has a commercial car policy, then you do not need to get commercial fleet insurance (in Denver, Colorado, or any other city in the US) for your company. This is the first thing you need to realize about commercial fleet insurance. However, if the driver does not have their own insurance coverage, they will be required to acquire fleet insurance from your business. This is important since the vast majority of drivers do not have their own insurance policy. This means that while they are working for your firm, they will be behind the wheel without any kind of protection.
If I hire a driver who uses their own truck, do I need to make sure they have commercial fleet insurance?
No, you do not. If you employ a driver who has their own truck and has commercial auto insurance, then it isn't necessary for you to purchase your own policy because the driver you hired already has coverage. On the other hand, if the driver does not own their own commercial coverage, then you will most certainly be required to get one.
If they do have their own policy, then it is essential to have a good understanding of the extent of the coverage that the driver has purchased for themselves. When you hire a car from someone else for your company's use, the amount of money you will spend on a separate policy for yourself will depend on the type of coverage that is provided by the vehicle.
If the owner of the vehicle does not have coverage of their own, then the owner of the vehicle is required to obtain commercial fleet insurance.
Suppose the vehicle you are driving belongs to a business like a trucking company, and the owner of that business has commercial fleet insurance on their vehicles. In that case, you do not need to purchase commercial fleet insurance for your own vehicle because the owner of the trucking company already has insurance on their vehicles.
If the driver of your vehicle is not covered by their personal insurance policy while operating your car, you will need to obtain business fleet insurance.
Conclusion
Therefore, if you are seeking commercial fleet insurance, you do not require it if the owner of the truck has their own coverage. This is the case even if you are looking for commercial fleet insurance. If, on the other hand, they do not have their own policy and you engage them as an employee or an independent contractor, then the answer is yes; you will need both plans in order to protect yourself from liability risks.
Comments