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Saturday, September 23, 2023

Why Your Business Needs Commercial Auto Insurance


You may need commercial auto insurance if you use a vehicle for business. Most personal policies exclude business usage and don’t provide adequate coverage in a crash.

Insurance agents specializing in business insurance understand your needs and can help you find optimal commercial auto coverage at a fair price. Here are some reasons your business needs a commercial policy:

Protects You From Financial Loss

If you or your employees get into an accident while working for the company, commercial auto insurance will help to pay for the damages. It can also cover your business’s legal responsibility for any damage caused by an uninsured or hit-and-run driver. The policy may include bodily injury, property damage, collision, medical payments, and comprehensive coverage.

Whether you have a fleet of vehicles or just a single car, commercial auto insurance companies can provide a tailored policy that protects your business. 

If your employees drive or use their vehicles to fulfill work duties, those drivers would need hired and non-owned auto insurance (HNOA). This additional coverage can be added to a commercial auto policy. When an employee uses their personally owned or leased vehicle for work, liability coverage is provided for any damages caused to other vehicles or individuals. Additionally, physical damage coverage is provided for vehicles owned by the business.

Protects Your Vehicles

If you have a car or truck used for business purposes and your auto policy doesn’t provide enough coverage, commercial car insurance may be an option. Many policies cover more than just the vehicles themselves, including coverages like bodily injury, property damage, and collision.

You can even get coverage that protects hired and non-owned cars your employees drive, which can help with medical bills or funeral expenses if someone is injured in an accident while running a business errand. Commercial automobile insurance can protect your investment with affordable rates and comprehensive coverage, whether you have just one vehicle or a fleet of trucks and vans.

We understand that selecting the appropriate commercial vehicle insurance may be daunting. Therefore, we are available to assist. Contact us or complete our simple online application today to discover more about obtaining your enterprise’s ideal commercial auto insurance.

Protects Your Employees

If you have employees who use personal vehicles to perform work-related errands for your business, commercial auto insurance is a must. Many policies include hired and non-owned auto liability coverage, which provides lawsuit protection if an employee causes an accident while driving a vehicle not owned by your business (like a friend’s or a leased car).

Your commercial auto policy should also include collision insurance, which pays to repair or replace your business vehicles after they are damaged in an accident with another vehicle or object. In addition, comprehensive coverage protects your vehicles against damage from non-collision events such as theft, vandalism, or fires.

Commercial auto insurance is an affordable way to keep your business running smoothly in case of mishaps. At the same time, your employees make deliveries, commute to the office, or conduct other essential business functions. To determine the appropriate vehicles and coverage for your business, contact your nearby independent agent for a discussion.

Protects Your Business

Commercial auto insurance is a smart investment if you or your employees deliver products, haul equipment, or otherwise conduct business on the go. It provides liability coverage in an accident that may threaten your company’s financial stability.

Most commercial policies can be tailored to fit the needs of your business, including the amount and type of coverage. Adding coverage like motor truck cargo insurance (helps pay for legal expenses when you’re hauling a customer’s cargo and are found at fault) or hired and non-owned vehicle liability (coverage for when your employees use their cars or trucks to conduct business on your behalf) can help you customize your policy to fit your needs.

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