When selecting commercial motor insurance, businesses should consider a variety of factors. These include the type of vehicles used, the number of vehicles used, the extent of the coverage, the deductible, and the cost of the policy.

In terms of the type of vehicles used, businesses should consider whether they need a policy for cars, vans, lorries, or other types of vehicles. Additionally, businesses should consider the number of vehicles that need to be covered. This will help determine the type of policy that is best suited to their needs. If you are looking for commercial motor insurance you can explore this site https://www.cbi.au/insurance-types/commercial-motor.

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When it comes to the extent of coverage, businesses should consider the types of perils that are covered by the policy. This includes accidental damage, theft, fire, vandalism, and other risks. Additionally, businesses should consider the amount of coverage they need, such as liability coverage, medical expenses, and uninsured motorist coverage.

The deductible is another important factor to consider when selecting commercial motor insurance. This is the amount of money businesses must pay out-of-pocket before their insurance policy kicks in. The higher the deductible, the lower the cost of the policy, so businesses should consider their budget and the amount of coverage they need when selecting a deductible.

Finally, businesses should consider the cost of the policy. Prices can vary significantly, depending on the type of coverage, the level of protection, and the deductible. It is important for businesses to compare different policies to ensure they are obtaining the best value for their money.