Commercial Insurance in Colorado Springs

Yes, it is required by law in every state except New Hampshire and Virginia.

Some policies will, however, your personal auto insurance does not cover your vehicle if you are using it for commercial purposes. 

The cost effect on a commercial policy after a paid-out claim is subject to many factors. Claim frequency, claim severity, age of driver are some but not all of what goes into the rate you pay. The simple answer is if your insurance company pays out $500.00 or more for a claim you will most likely see a slight rate increase at your next renewal.

A commercial auto policy only covers the vehicle and any items permanently fixed to the vehicle such as a ladder rack or a truck bed toolbox. It does not cover any loose tools or ladders or any personal items. If you want to have personal items covered you should consult your agent.

Whoever is listed on the policy as a rated driver is insured.