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Not everything with wheels is covered by auto insurance. Any equipment that’s solely used on a farm, business premises, or customer’s property should be covered by mobile equipment insurance. Understanding the differences between the two can help you ensure you’re getting the right type of coverage for your commercial assets.
Mobile Equipment Insurance vs. Commercial Auto Insurance
Mobile equipment insurance covers vehicles that aren’t usually driven on public roads. Such vehicles can include golf carts, forklifts, construction equipment, etc. This insurance includes use on your business premises, on your farm, or at a customer’s property. Coverage varies depending on your chosen policy, but liability and property damage are basic forms of protection you should get from just about any policy.
Commercial auto insurance is for vehicles you drive on public roads. Like mobile equipment insurance, it will include both liability and property damage, but only as long as the covered incident happens on the road. If you drive mobile equipment down public roads for any reason, even if it’s just for short, occasional drives, you’ll need commercial auto insurance liability coverage to ensure you don’t get into legal hot water if there’s a vehicular accident.
Need More Information? Ken Boldt Insurance Agency II Inc. in Green, OH, is Here to Help
It can be complicated to figure out what types of insurance you need for commercial machinery and vehicles that are used for more than one purpose. Our team at Ken Boldt Insurance Agency II Inc. is always happy to help Green, OH, farm and business owners identify coverage needs and purchase insurance that meets your specific requirements. Give us a call to find out more about policy options or to request price quotes.
