It is very important to buy or renew you commercial vehicle insurance for below reasons:
In most jurisdictions, having valid auto insurance is a legal requirement for operating a commercial vehicle. If insurance is not there and coughs by cops will get you high fines and penalties, and even the suspension of your business operations. By purchasing and renewing commercial vehicle insurance, you ensure that you legit with the legal obligations and maintain the necessary coverage to protect your business.
Commercial vehicle insurance provides financial protection in case of accidents, fire, theft and damages to your commercial vehicles. Insurance coverage will help you to cover the costs of repairing or replacing your vehicle’s damage, as well as any property damage or human injuries caused to others in an accident. Without insurance you might lose a lot of money as you will be the sole responsible for all those.