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Commercial Auto Insurance

Good Commercial Car Insurance, Customer Friendly Coverage


If you’re a business owner who depends upon vehicles in order to conduct said business, it hardly matters whether you have one vehicle or several, the fact is you will need to obtain a protective and comprehensive commercial auto insurance policy. A big reason for carrying this coverage is to comply with both local and state financial responsibility laws. All drivers are financially responsible for damages for which they are responsible while operating the vehicle, and the legal requirement for insurance in many locales is strictly for liability coverage. Liability insurance provides a business the financial means to pay for any expenses resulting from the loss caused by employees who are deemed at fault for an accident. Some states may have additional insurance requirements, but, regardless, carrying more comprehensive coverage means you, as a business owner, are fuller protected from financial loss. Keep in mind that legal mandates also will vary based on the kind of commercial vehicles that are being insured and on how they might be used.

Why Purchase this Coverage

Good commercial vehicle insurance is protection that every business can greatly benefit in having, especially if vehicles are an integral part in the functioning of the business. This coverage safeguards the business owner from liability issues and from costly repair bills should his or her commercial vehicle be damaged during the necessary operation of the business. Certainly, this coverage helps the business if an employed driver experiences an accident on the road and, importantly, if the company’s driver is deemed at fault. As is normally the case, the other party will file a claim; if the business does not have proper coverage, then the company will have to pay, out-of-pocket, for any and maybe all of the other party’s expenses.

Who Is Helped?

This protection is terrific for all kinds of businesses that, in some way, utilize vehicles for business operations. It is often mandated by law, but it is also critical so that business owners can avoid many of the legal, medical, or repair costs that often are a costly consequence from accidents or other losses that a business might face. No matter if the company has a fleet of vans or trucks or simply uses a sedan for making pizza deliveries, it is vital to know that it takes just one accident to result in significant loss; this can even mean the bankrupting of the business without a proper insurance policy in place.

How it Works
Some of the expenses that commercial coverage will handle include medical expenses that must be paid as a consequence of an accident. The policy also takes care of vehicle repair or replacement. Towing costs can also be part of a good commercial auto insurance plan. And this plan can also pay out for rental car costs and even lost work wages, (should the accident be so severe as to render the injured party unable to work).

Zooming In

A business car policy is quite similar to a standard personal policy. As with normal, personal car insurance coverage, those seeking this insurance protection must first determine what policy coverage options they might need and the necessary levels of each.

Kinds of Commercial Vehicle Insurance Coverage:

• Personal Injury
• Bodily Injury (to others)
• Collision (with other vehicles)
• Property Damage
• Damage Due to Loading and Unloading
• Rental Assistance During Repair
• Comprehensive Coverage
• Towing & Roadside Assistance

Purchasing the Proper Coverage

Getting the proper coverage for a company’s vehicle(s) will depend on a myriad of questions, such as if the cars, vans or trucks are owned or leased. You might wish to ask if the vehicle is owned under an individual’s name or the business name. It’s also really important to know if the vehicle is to be used for commuting or in the necessary functioning of the business. It is also important to ask yourself who will be driving these vehicles and other pertinent questions. Factors that affect the cost of premiums include the type of business and its location, the kind of vehicles being covered, the driving histories of individual drivers, and the level of protection needed for the vehicles. The owner of the business will need to determine the answers of these questions to be sure he or she gets the necessary financial protection and in order to keep the premiums within the company’s budgetary parameters.