One of the many types of commercial insurance, commercial auto insurance, protects you from loss from damage to or caused by vehicles in your commercial fleet. If you or an employee causes an accident, this policy pays the damages to the other person’s vehicle or property and their medical costs. Each state in the US requires the owners of vehicles on its roads to carry insurance.
The states have minimum insurance requirements that include liability, bodily injury, and property damage insurances. Commercial auto insurance typically includes full coverage. That means it provides liability coverage, comprehensive, collision, loss, vandalism, owned, un-owned, and leased/rented car coverage. Your agent works with you to develop the appropriate commercial auto insurance policy for you. The insurance agency’s risk engineering staff can help businesses with vehicle fleets get information on safety improvements and accident avoidance. They can conduct an in-depth analysis of the firm’s driver safety records, review the potential root accident causes, and recommend strategies that can help prevent accidents. The staff can also recommend driver safety programs. Having drivers complete these courses can save you money on premiums.
A pizza place with ten delivery drivers faces different risks than a firm of corporate lawyers. Our firm works with you to determine exactly which policies and riders you need to meet your company’s needs and protect your vehicle fleet. Ask about downtime loss coverage. This helps pay for your business’s lost income. Another elective type of coverage, rental reimbursement, covers the cost of renting a vehicle when yours has been damaged. Towing coverage pays for towing expenses if your car breaks down. Whether you have one business vehicle or one thousand, commercial auto insurance makes sense.
Could you afford to replace your one vehicle if it was totaled in an accident? What if all one thousand incurred hail damage? Commercial auto coverage protects you from incurring losses from which your business could not recover. Contact us today to learn how our insurance can help protect your business.
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