commercial vehicle insurance

Leaving No Stone Unturned: 3 Risks You Face Without Insuring Your Commercial Vehicle

Driving on the road without an insurance cover is dangerous. In most states, it’s a crime to do so. Twenty-two states are said to be monitoring registered cars electronically to check if they have insurance covers. That means if you don’t have an insurance cover, then you could be posing risks to yourself.

You don’t want trial and errors, or do you? When you are found driving without an insurance cover with a police officer, your car will be towed.  

The sole reason why they are allowed to do this is that car insurance is a legal requirement and failing to have it is an offense that’s punishable.

Sadly, when this happens to you, you will not only be required to pay impound fees, but also other penalties that you never intended to face.

Now the danger is that you may get involved in a road accident without an insurance cover. In this case, things will become worse. You will have to face a license suspension, penalties, fines, and maybe an auto impound.

Even though you may not be jailed if it’s your first time driving without a commercial auto insurance, but the truth is that it can get more severe if you get involved in a road accident when you haven’t insured your car yet.

1. You are Risk Of Expenses

Not insuring your commercial vehicle exposes your business to a lot of expenses. You may not just see it, but the truth is that you will have to go the extra mile to spend extra when something happens.

Well, you may have employed the best drivers, but human is to error. At one point, they can get involved in a road accident.

Just because you don’t have an insurance cover, you may suffer some expenses that you had never planned for.

First, you will have to repair your vehicle. The damaged parts may be costly than you ever imagined. Besides, you will have to take care of the expenses for causing severe losses to the other party.

Is that a minor expense that you’ll assume just like that? Of course not. That’s why insuring your commercial vehicle is essential.

2. It’s the Law

You shouldn’t even be told. If you breach any law, then you should be prepared to meet some consequences.

It’s a requirement by the law that you insure your vehicle – be it a commercial vehicle or a personal car.

That means that if you don’t have your commercial vehicle insured, then you will have to be charged legally for not abiding by the rules.

In most cases, you will face penalties, fines among others. And the sad thing is that all those require you to use money.

3. Car Impounding or Towing Fees

The police will be the decision maker if he or she finds that you are driving a vehicle without an insurance cover. In most cases, he or she will demand that your vehicle is impounded because you haven’t cooperated by the law.

The worst of all is that you will not only be forced to get an insurance cover, but you will also be subjected to pay some towing fees together with state fines if there are any.

Final Thoughts

Shortcuts usually are not the best. Why should you go through all these hassles when you can insure your commercial vehicle and do everything as required?