What does commercial insurance for cars mean?

[GabrielaMarie]

Automobile commercial insurance is essentially motor vehicle commercial insurance. Commercial motor vehicle insurance is voluntarily purchased by vehicle owners after obtaining the mandatory motor vehicle liability insurance required by the state. It is mainly divided into basic insurance and additional insurance. Relevant information about compulsory traffic insurance is as follows: 1. Introduction: The full name of compulsory traffic insurance is "Compulsory Motor Vehicle Traffic Accident Liability Insurance." It is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, and property losses (excluding the vehicle's occupants and the insured) caused by road traffic accidents involving the insured motor vehicle, within the liability limits. 2. Necessity: Compulsory traffic insurance ensures that victims of motor vehicle traffic accidents receive compensation and promotes road traffic safety. It provides timely and basic protection for traffic accident victims.