Van commercial insurance in 2024. A complete guide.

Van commercial insurance

Commercial van insurance helps protect your business vans and vehicles, whether you use delivery vans or own a fleet of cargo vans.

This type of insurance helps cover vans you use for business purposes and shields you from costs associated with vehicle damage and driver injuries.

In this guide to van commercial insurance, we will cover the following:

What is commercial van insurance?
What does commercial van insurance cover?
Commercial van insurance vs personal
Non commercial van insurance
Commercial van insurance any driver
Commercial cargo van insurance
Commercial van insurance coverages
Commercial van insurance cost

What is commercial van insurance?

Also known as business van insurance, commercial van insurance tends to have higher coverage limits as business vehicles require more protection.

Commercial van insurance typically covers the following vehicles:

Minivans
Cargo vans
Passenger vans

Commercial insurance for van

Similar to your personal auto insurance policy, your commercial van insurance covers liability protection, collision coverage, comprehensive coverage, medical payments, personal injury protection (PIP), and underinsured and uninsured motorists.

However, there are differences between commercial van insurance and personal insurance, including coverages, exclusions, and limitations.

To learn more about commercial auto insurance, see our article here.

What does commercial van insurance cover?

Commercial van insurance provides various coverages for vehicles used by your business.

There are three main components of most standard commercial van insurance policies.

Physical damage insurance. This portion of your insurance includes collision and comprehensive coverage.
Commercial auto liability insurance. This portion of the insurance includes property damage, bodily injury, underinsured motorist, and uninsured motorist coverage.
Other coverage. Other coverages include towing and labor costs, medical payments, reimbursement for rentals, lease gap coverage, and auto loans.

Businesses that benefit from commercial van insurance include:

Retail and service-led businesses
Food, drink, and grocery distributors
Commercial wholesalers & distributors
Contractors (plumbers, electricians, builders, etc.)

Here are some cases when you will need a commercial van policy:

You transport goods or people for money in return
Employees operate your business vehicle or drive their own
The vehicle in use for business activities is registered to the business
You transport items for work purposes, like heavy tools or equipment

Your personal van policy can only offer you enough coverage if you seldom use your van for business.

Commercial van insurance vs personal

While regular auto insurance is mandatory nearly everywhere, a personal auto insurance policy won’t provide your business with the necessary coverage.

Even if a commercial auto policy isn’t legally required where you are, your personal policy won’t financially protect you for commercial purposes.

Personal van insurance is designed for personal vehicle usage. Having the right type of policy for your business is a must.

Do you need van commercial insurance?

You need commercial van insurance if you operate a van for commercial usage.

Commercial van insurance covers business vehicles for situations including:

Driver injury
Injury to another
Property damage to a third party
Damage to your business vehicle/s

While personal van insurance is sometimes sufficient, commercial van insurance is necessary for businesses.

Here are some differences between personal and commercial van insurance.

Personal van insurance

You can use personal van insurance for the following:

Driving your friends to a football game
Going to a camping site for a weekend away
Delivering groceries to your family
Commuting to the building construction site you work on

Van commercial insurance

You can use commercial van insurance for the following:

Driving your coworkers to work
Going to construction sites on the weekend for work
Delivering groceries to paying customers
Driving in a work van with work tools to the construction site you work on

Non commercial van insurance

Private van insurance, also known as non commercial van insurance, is standard van insurance that covers using your van for personal use.

Suppose you’re an independent contractor and use your commercial van to make deliveries. In that case, your employer may provide liability insurance that covers you while working.

Your employer may also provide additional cover for the goods you transport in your delivery van or cargo van.

The insurance provided by your employer will usually only cover you while you’re delivering for them, so you may have to purchase your own commercial vehicle insurance for when you drive your van for personal use.

Commercial van insurance any driver

Commercial van insurance any driver is an additional term that is part of most van commercial insurance.

This portion of the insurance allows any employee or professional driver working for the company to have the right to use the vehicle for commercial use.

If any driver cover is provided, the cost of van commercial insurance is typically higher.

Commercial cargo van insurance

Carrying commercial insurance is essential to protect your business if you drive commercial cargo vans or a fleet of vans.

Commercial cargo vans require commercial insurance coverage, including liability protection, collision coverage, comprehensive coverage, medical payments or personal injury protection (PIP), and underinsured and uninsured motorists.

The above coverages are the standard coverages that all commercial van owners should carry. You may also require additional coverage to protect yourself against financial losses.

No matter what capacity you use your van, commercial cargo van insurance is a wise investment to protect your company.

Whether you operate one commercial cargo van or a fleet of vans, it’s important to understand your options.

Commercial van insurance coverages

Van insurance is customizable, with various coverage options.

Here are the common coverages you can choose from.

Collision insurance

This portion of your coverage helps pay for damage to your covered vehicle if you crash into another. In addition, it covers you if another vehicle collides with yours or your vehicle rolls over, regardless of who is at fault. Collision coverage may be required if your vehicle is leased or financed.

Comprehensive insurance

This portion of your policy pays for vehicle damages from causes other than a collision. Damage causes usually include vandalism, theft, weather events, fire, or damage from an animal.

Underinsured motorist coverage

This portion of your policy protects you if an at-fault driver doesn’t have adequate liability insurance to cover any damage or medical bills.

Uninsured motorist coverage

This portion of your policy helps to pay for any property damage or injuries if an uninsured driver crashes into you or, in some cases, an unidentified driver.

Optional add-ons

Beyond the standard components of a business van policy, you can usually customize with the following options.

Roadside assistance coverage is additional protection for cases if you face problems not typically covered by your commercial auto policy. Such cases include locking yourself out of your car, dead batteries, emergencies, and flat tires.

New vehicle replacement cost helps replace your vehicle with a new or comparable vehicle if you suffer a total loss. It may also provide gap coverage for an amount above the actual cash value of your vehicle you may owe.

Hired van coverage specifically covers collision and comprehensive damage for rented or leased vehicles.

Personal injury or medical payments coverage helps pay for covered persons’ reasonable and necessary medical bills or sometimes funeral expenses.

Key takeaways

Commercial van insurance helps protect your business, whether you use delivery vans or own a fleet of cargo vans.

This type of insurance helps cover vans you use for business purposes and shields you from vehicle damage and driver injuries.

Also known as business van insurance, commercial van insurance has higher coverage limits than personal auto insurance, as business vehicles require more protection.

Commercial van insurance covers minivans, cargo vans, and passenger vans, to name a few.

A few main components of most standard commercial van insurance policies include physical damage insurance, liability insurance, and other specialized coverages.

Commercial van insurance comprises liability protection, collision coverage, comprehensive coverage, medical payments or personal injury protection (PIP), and underinsured and uninsured motorists.

Commercial insurance covers your business and employees’ vehicles up to your policy limits.

Commercial van insurance cost

Commercial van insurance costs vary between insurance companies.

The cost of commercial van insurance will depend on your needs. Some of the defining factors include the following:

Vehicle use
Type of business
Gross vehicle weight
Value of the vehicle/s
Driver’s driving record/s
Experience level of the driver/s
How many drivers drive the vehicle
Vehicle make, model, and year
Past and present insurance claims history
Coverage options, including limits and deductibles

Cheap insurance for commercial van

Along with buying cheap commercial van insurance, here are some ways to lower the cost of your cargo van premiums.

Hire drivers with a clean record
Pay annually
Bundle insurance

Clean records

An easy way to save on your commercial van insurance premiums is to ensure you hire good drivers with clean driving records.

Drivers with an unclean driving history are considered a higher risk to insure. Unsafe drivers will ultimately increase your insurance premiums.

Ensure you check prospective employees’ driver records before hiring. Drivers with a clean driving record will reduce the overall risk of incidents that can increase your rates.

Along with hiring these drivers, training your drivers on safe practices is important. It’s advisable to carry out safety training and complement your drivers on safe driving habits.

Pay annually

Insurance providers usually offer options to pay for policies in monthly or quarterly installments while providing discounts for upfront annual payments.

If you are looking for cheap commercial van insurance and have the budget, consider paying in one lump sum to save on costs.

Bundle insurance

Bundling insurance policies and purchasing customized packages can help save on costs.

If you already have coverage through an insurance provider, you can save on your premiums if you bundle your coverage. For example, you might have commercial auto policies and business insurance coverage.

Commercial van insurance online quote

If you use a van as part of your business, you can get a free online van commercial insurance quote from Pitsas Insurances.

We have over 35 years of experience and offer competitive premiums with simple and understandable policies to cover every need.

We can provide beneficial options and guide you to optimal decisions according to your budget constraints.

Whatever the size of your business, we will help you find the best commercial van insurance and customize your perfect policy.

Commercial van insurance quote

When looking for cheap commercial van insurance, it’s best to shop around and compare quotes.

Comparing commercial van insurance quotes can help you get the best commercial van insurance for the best price.

Why obtain van commercial insurance with Pitsas Insurances:

Quick settlement of claims
Flexible multiple drivers cover
We offer safe driver bonuses
Low-cost commercial vehicle insurance
²⁴⁄₇ road assistance and support in English
Special prices for British expats living in Cyprus
We are a leading provider of vehicle insurance in Cyprus

To learn more about our vehicle insurance plans, see our website.

To receive a hassle-free quote, see here.

Pitsas Insurances Team

Limassol, Cyprus