PHYSICAL DAMAGE COVERAGE
The answer depends on several factors. First, if you lease or finance any commercial autos, the leasing firm or lender will likely require physical damage insurance for those vehicles. Other relevant factors include the age and condition of your vehicles and the features they contain. Trucks lose value as they age, and older vehicles may be worth too little to insure. Also, carefully consider the cost of physical damage insurance and your company's financial condition. If you decide to forgo insurance, be sure that your business can afford to replace a total loss to one of your vehicles.
