How Seasonal Businesses Can Adjust Their Commercial Auto Insurance Coverage

Flexibility is key to maintaining cost efficiency and organizational flow for businesses that operate on a seasonal schedule. One often overlooked area is commercial auto insurance. Businesses that only use vehicles during specific times of the year may have options for adjusting their commercial auto policies to better reflect the months of actual use.

Reviewing your commercial auto policy as part of your seasonal planning can help align your coverage more closely with the reality of your operations.

Policy Flexibility During the Off-season

In many cases, businesses can explore modifying certain parts of commercial auto insurance coverage during the off-season. For instance, while liability coverage may be necessary while the vehicle is on the road, a business might not need the same liability limits if the vehicle is out of use and not leaving the premises.

Comprehensive coverage, which generally applies to non-collision events like theft, vandalism or weather-related damage, might still be relevant during storage periods. Collision coverage and liability might be less of a concern if the vehicle is off the road entirely.

Insurers may offer storage coverage or allow for temporary policy changes. However, any change to your policy should be handled carefully to avoid gaps that could leave your business vulnerable when vehicles are unexpectedly moved, accessed or used.

How to Revise Your Coverage

A well-structured insurance strategy considers your operational calendar and your risk exposure. Before the start of your active season, review your commercial auto coverage to verify that it matches your projected vehicle usage.

Contact Bosway Auto Insurance Group to review your coverage and plan for your company’s next off-season.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.