Many business owners prefer cargo vans because they are affordable for delivery operations while keeping products safe and secure. However, despite this increased safety, they are not without risk. A vehicle accident on the road can cost your business thousands of dollars in paying for the damage. Investing in the right type of commercial vehicle coverage for the job is prudent to maximize your vehicle's safety.
When we talk about van insurance, we talk about a policy that protects your vehicles from various liabilities incurred during operations. Your delivery vehicle can cause property damage and wrack up medical bills for you, your workers, and others from vehicle accidents.
According to the CDC, work vehicle crashes cost business owners over $39 billion in just the year of 2019. Insurance for your cargo van is customizable with many different types of coverage; the following policies are the most common ones.
The first part of the commercial auto coverage for your van is called auto liability. If you are found at fault in an accident, you will be thankful for this coverage that will help you pay bodily injury costs like medical bills and property damage like damage to buildings and other vehicles.
An auto liability policy that covers bodily injury and property damage for your cargo van is called a split-limit policy. With a split-limit policy, each type of damage is covered up to the policy amount. Another type of auto liability policy that covers both types of damage under one limit is called a single-limit policy. Below is a comparison of the auto liability policy requirements in each state currently.
| State | Bodily Injury Liability Coverage Per Person | Bodily Injury Liability Coverage Per Accident | Property Damage Liability Per Accident |
|---|---|---|---|
| Alabama | $25,000 | $50,000 | $25,000 |
| Alaska | $50,000 | $100,000 | $25,000 |
| Arizona | $25,000 | $50,000 | $25,000 |
| Arkansas | $25,000 | $50,000 | $25,000 |
| California | $15,000 | $30,000 | $5,000 |
| Colorado | $25,000 | $50,000 | $15,000 |
| Connecticut | $25,000 | $50,000 | $25,000 |
| Delaware | $25,000 | $50,000 | $10,000 |
| Florida | $10,000 | $20,000 | $10,000 |
| Georgia | $25,000 | $50,000 | $25,000 |
| Hawaii | $20,000 | $40,000 | $10,000 |
| Idaho | $25,000 | $50,000 | $15,000 |
| Illinois | $25,000 | $50,000 | $20,000 |
| Indiana | $25,000 | $50,000 | $25,000 |
| Iowa | $20,000 | $40,000 | $15,000 |
| Kansas | $25,000 | $50,000 | $25,000 |
| Kentucky | $25,000 | $50,000 | $25,000 |
| Louisiana | $15,000 | $30,000 | $25,000 |
| Maine | $50,000 | $100,000 | $25,000 |
| Maryland | $30,000 | $60,000 | $15,000 |
| Massachusetts | $20,000 | $40,000 | $5,000 |
| Michigan | $20,000 | $40,000 | $10,000 |
| Minnesota | $30,000 | $60,000 | $10,000 |
| Mississippi | $25,000 | $50,000 | $25,000 |
| Missouri | $25,000 | $50,000 | $25,000 |
| Montana | $25,000 | $50,000 | $20,000 |
| Nebraska | $25,000 | $50,000 | $25,000 |
| Nevada | $25,000 | $50,000 | $20,000 |
| New Hampshire | $25,000 | $50,000 | $25,000 |
| New Jersey | $15,000 | $30,000 | $5,000 |
| New Mexico | $25,000 | $50,000 | $10,000 |
| New York | $25,000 | $50,000 | $10,000 |
| North Carolina | $30,000 | $60,000 | $25,000 |
| North Dakota | $25,000 | $50,000 | $25,000 |
| Ohio | $25,000 | $50,000 | $25,000 |
| Oklahoma | $25,000 | $50,000 | $25,000 |
| Oregon | $25,000 | $50,000 | $20,000 |
| Pennsylvania | $15,000 | $30,000 | $5,000 |
| Rhode Island | $25,000 | $50,000 | $25,000 |
| South Carolina | $25,000 | $50,000 | $25,000 |
| South Dakota | $25,000 | $50,000 | $25,000 |
| Tennessee | $25,000 | $50,000 | $15,000 |
| Texas | $30,000 | $60,000 | $25,000 |
| Utah | $25,000 | $65,000 | $15,000 |
| Vermont | $25,000 | $50,000 | $10,000 |
| Virginia | $25,000 | $50,000 | $20,000 |
| Washington | $25,000 | $50,000 | $10,000 |
| West Virginia | $25,000 | $50,000 | $25,000 |
| Wisconsin | $25,000 | $50,000 | $10,000 |
| Wyoming | $25,000 | $50,000 | $20,000 |
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Discover more about commercial auto and commercial vehicle coverage in our comprehensive breakdown.
Another critical component of your van insurance is collision coverage. As you can tell from the name, it protects your vehicle against many types of collisions, including:
Hitting another vehicle on the road
Colliding with a stationary object like a pole or barrier
Striking a parked vehicle
Accidents where your van has driven off the road
The comprehensive part of cargo van insurance protects your vehicle from other types of damage not included in collision coverage. This differs from contingent cargo van insurance, which covers goods not being delivered on time. Instead, it refers to the wide variety of covered damage outside collisions. With comprehensive coverage, you can get help paying for incidents like:
Your vehicle getting stolen
Hitting an animal
Weather damage
Damage from fires
Substantive damage from a falling object like rocks or debris
Yes, if you have multiple cargo vans and other vehicles, commercial fleet protection is essential. The term for an insurance policy that covers a range of vehicles instead of just a single vehicle is fleet protection. Typically, you need at least two vehicles to qualify for this coverage. Some fleet protection companies may have a higher minimum vehicle limit. Buying this coverage has several advantages compared to relying on a single policy for each van.
Cost-effectiveness: Fleet insurance saves you on insurance premiums compared to buying separate policies for all your vehicles.
Simplified Claims: In the event of an accident, making a claim is much easier compared to filing claims with multiple policies or insurers.
Addresses Your Unique Situation: If you own different kinds of vehicles, it may be tricky to find a policy that maximizes your benefits. With fleet insurance, this is less of a worry because everything is covered under one umbrella.
In addition to the standard types of van insurance coverage, you may need additional types of vehicle coverage. Other options to consider for your cargo van fleet include:
Medical Payments: In some states, you can purchase medical payment coverage. This allows you to cover injuries to your drivers when your van is involved in an accident.
Uninsured Motorist Coverage: This policy can cover bodily injury or property damage that another driver can’t cover because they don’t have insurance. It is also useful if a hit-and-run driver flees the scene before your driver can get their insurance information.
Underinsured Motorist Coverage: Similar to uninsured motorist coverage, you can cover the difference for another driver’s insufficient policy with this coverage. This underinsured driver may not have a high enough limit on their insurance to cover what they are responsible for.
Personal Injury Protection (PiP): Some states use a no-fault insurance system for vehicle accidents. In these states, you need a personal injury protection policy when an accident occurs, which pays out regardless of the party at fault for the accident. PiP helps pay medical bills, funeral expenses, and lost wages. Your personal injury protection policy will not cover property damage.
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1 / 5
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
1 / 5
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
1 / 5
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
5 / 5
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
5 / 5
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
Not all those who wander are lost.
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