Sometimes the vehicles will have company insignia, such as branding or signs on them, but not always. The vehicle doesn’t need to have any signage or logos of the company on it to be considered a “company vehicle.”
How Do You Know Whether A Vehicle Is a “Company Vehicle”
Sometimes, it will be obvious that the vehicle is owned and operated by a company, thus making it a company vehicle. However, sometimes it’s less obvious. The only sure way to tell is to look at who either owns or insures the vehicle.
If you’ve been involved in an accident, it’s best to get a police report. In fact, law enforcement should complete a crash report anytime there is an accident involving injuries, but that doesn’t always happen. If you do get a crash report, the owner of the vehicle will generally be listed on the report. If the owner is a company, then you were likely involved in a “commercial vehicle” accident.
The Difference Between a Regular Car Accident & a Company Vehicle Accident
Sometimes, a company vehicle is simply a passenger car or truck, which leads many injured people to ask what the difference is between a normal car accident and a company vehicle accident, especially when the company vehicle is simply a passenger car or truck.
The short answer to this is insurance coverage. You see, company vehicles will almost always carry bigger insurance policies than a regular passenger vehicle is required to carry under Texas law. This means that there is likely more insurance coverage available to compensate you for your injuries. In many normal car accidents involving serious injuries, there isn’t enough coverage to fully compensate the injured person because the state of Texas only requires drivers to carry $30,000.00 in liability coverage. While this may sound like a lot of money, a serious injury involving an overnight hospital stay, herniated discs, or broken bones, will quickly exhaust the available minimum coverage. With larger coverage limits available for commercial vehicles, it’s more likely that there will be enough coverage to cover the injured person’s medical bills, and compensate him or her for lost wages and their injuries.
Don’t Expect the Company Insurance Carrier to Treat You Fairly
One common misconception people injured in company vehicle accidents make is that they think that the case will be easier to deal with because there is a commercial insurance policy available. However, in reality, the opposite is generally true. Usually, the insurance company in a commercial vehicle will be more difficult to deal with and will do all they can to pay you nothing at all if they can. Unfortunately, many injured people learn this the hard way.
Sadly, when it comes to commercial vehicle accident injuries – the insurance company won’t treat you fairly unless you have a good lawyer in your corner. Why? Because commercial insurance policies are much bigger than your simple car insurance policy, and therefore the insurance companies have much more to lose. As a result, they are far more aggressive in denying coverage, and offering low-ball offers go get injured people to go away, or pay them far less than what they deserve (they’d love to pay nothing at all if they can).