Cargo Van Insurance in Massachusetts

What coverages should businesses look for when insuring work vans?

There are a number of coverages that may be important when insuring a work van. Some protections that many businesses include in their cargo van policies include:

• Collision Coverage: Usually for damage to a cargo van, when the damage occurs during collisions with other vehicles that are being driven.
• Comprehensive Coverage: Usually for damage to a cargo van, when the damage is from events other than collisions with vehicles (e.g. theft, fire, or animal strikes).
• Property Damage Liability Coverage: Usually for damage caused to other vehicles and property that occurs during a collision.
• Bodily Injury Coverage: Usually for physical injuries to individuals that are caused by an accident, whether hitting another vehicle or some other object.
• Medical Payments Coverage: Usually for medical expenses arising from physical injuries that the driver or a passenger has.
• Gap Coverage: Usually for the financial difference between the cargo van’s current value and the remaining balance on a loan.
• Underinsured/Uninsured Motorist Coverage: Usually for collisions involving drivers who are insufficiently insured, or who aren’t insured at all.

Can businesses insure passenger vans with a cargo van policy?

Cargo van policies often don’t have the protections that a passenger van should be insured with. In particular, cargo van policies may not have the bodily injury coverage or medical payments coverage that transporting a full van of passengers calls for.

Passenger vans generally should be insured with a passenger van insurance policy.

Can businesses insure box trucks with a cargo van policy?

Likewise, cargo van policies normally don’t have the terms that a box truck or straight truck might require. Specifically, a truck’s weight and size may exceed what a cargo van policy is able to insure. A box truck insurance policy is usually better for these trucks.

Does a cargo van policy cover what’s in the van?

Many cargo van policies can come with substantial coverage for items in them, which could include equipment, tools, supplies, products, electronics, or other items. 

Policies may offer sufficient protection as a standard feature, or businesses might need to select optional protections so that everything is covered. An insurance agent who specializes in commercial van insurance can make sure that a chosen policy properly covers what’s typically kept in a van.

How much do insurance policies for work vans cost?

The cost of insuring a work van depends on many factors. A few of the various details that can impact premiums are:

• Van year, make, and model
• Van size and weight
• Cargo classification
• Cargo value
• Driver accident history
• Business claims history

To find out how much insuring a particular cargo van will cost, businesses can work with an independent insurance agent. An independent agent will be able to request quotes from several insurance companies.