What is Commercial Auto Hard to Place Insurance?

commercial long haul truck, tow truck and dump truck

What is Commercial Auto Hard to Place insurance and why do businesses need It?

Commercial Auto Hard to Place Insurance is a specialized form of auto insurance that can be utilized when standard policies don't meet the needs of certain high-risk operations. Commercial vehicles such as fuel tanks, dump trucks, and tow trucks can be difficult to insure due to their high risk profiles. Commercial Auto Hard to Place insurance covers these risks with specialized coverage tailored specifically for each vehicle type. These policies are especially important for businesses that rely on commercial transportation - without it, they may be exposed to costly liability and other risks associated with operating high-risk vehicles. Commercial Auto Hard to Place insurance helps businesses manage and protect their assets, employees, customers, and bottom line from potential losses related to commercial vehicle use.

What are some of the reasons a business might be considered Hard to Place for auto insurance coverage?

Commercial Auto Hard to Place is an issue when a business's operations and risk characteristics are such that traditional commercial carriers consider their risk too high for standard coverage. The reason for turned down coverage may vary depending on several factors that may affect a carrier's decision such as prior losses or violations, involvement in special activities like hauling hazardous materials or transporting passengers, or not meeting safety requirements. With so many issues that can arise from company operations, business owners should evaluate the risks associated with their vehicles and proactively manage them in order to ensure they get adequate insurance coverage for their needs.

What type of vehicles typically need to be covered by Hard to Place Commercial Auto insurance?

Commercial Auto Hard to Place insurance covers vehicles that are typically considered difficult to insure by traditional Commercial Auto policies. This may include:

  • Towing
  • School Buses
  • Charter Buses
  • Church Vans
  • Dump Trucks
  • For Hire Truckers
  • Long Haul For Hire
  • Non-Emergency Medical Transport
  • Truckers
  • Luxury Non-Stretched Sedan
  • Gasoline, Diesel Fuel, and Airplane Fuel Haulers
  • For Hire Contractors
  • LPG, Butane, and Propane Haulers For Hire
  • Airport Transportation
  • Car Carrier For Hire
  • Stretched Limousines For Hire

How can a business owner obtain Hard to Place insurance for their company vehicles?

Commercial Auto Hard to Place insurance is an excellent option for business owners whose company vehicles present higher-than-average risks. Shopping for this type of coverage, however, can require additional research to ensure appropriate protection.

The best way to obtain Commercial Auto Hard to Place coverage is to consult with a qualified insurance agent who specializes in Commercial Auto Hard to Place insurance. These agents have experience navigating the complexities of these policies and will be able to offer the most comprehensive coverage at competitive rates.

Find an Insurance Agent

If a business owner needs Commercial Auto Hard To Place coverage, they should begin their search by speaking with a knowledgeable independent insurance agent who understands such unique policies. Contact Ascendant Insurance Solutions to help you find an agent near you to discuss your options.

Find an Insurance Agent Near You