A Quick Look At Commercial Auto Insurance NJ

Many companies across New Jersey operate vehicles as part of their business.  Whether it is a small scale cake shop in Cape May or a large scale cleaning company based in New Jersey and operating around the NYC area, there are rules and laws put in place to ensure that these vehicles can be covered.  To better understand what you may need to do to get the proper insurance, let’s take a moment to take a quick look at commercial auto insurance NJ.


Who Can Get Commercial Auto Insurance NJ?

The commercial auto insurance is for anyone with a private passenger vehicle written on commercial insurance policies.  In many ways, commercial auto insurance is no different than private auto insurance.  There is a base level policy as well as a standard policy that many companies opt for.  The standard policy includes $15,000 per person and $30,000 per accident for Bodily Injury Liability, $5,000 per accident for Property Damage Liability, and $15,000 per person for Personal Injury Protection.   Some companies will go as far to include comprehensive and collision as well as uninsured motorist coverage depending on the vehicles and where they are operating.

I Need More Information… Where Can I Go?

Your first place to go should be the Department of Banking and Insurance.  Their website has a lot of useful information regarding commercial auto insurance NJ, your options, and what you will need covered from a business standpoint.  Like any business expense, ensuring the legality of the purchase and insurance by following the correct course of events will leave your company capable of collecting the next time one of your commercial vehicles is in an accident.  The Department of Banking and Insurance also has a call number, as well as an e-mail address that you can send questions.


Who Provides Commercial Auto Insurance?

You would be surprised at the number of companies that provide commercial auto insurance to companies.  As many companies require this insurance, there will most likely be a few options you can choose from.  Like any other form of insurance, you can select between free quotes to find a deal that will work for your needs as a business.  Check online at https://newjersey-insurance.net/ for free quotes for auto insurance NJ.  You can also check the Insurance Company Codes to see if a company legally allowed to sell insurance in the state sells to companies.  Remember, just like with private insurance, you can save a lot by taking the time to carefully review your options and prices before you commit.