Commercial Auto Insurance Policies
The Importance Of Utilizing Commercial Auto Insurance
Whether you are a commercial vehicle driver or a business owner with a fleet of vehicles, persons who use commercial vehicles should definitely take advantage of Commercial Auto insurance. Doing so will help protect your organization from financial liability in the event that an incident causing injury and property damage takes place.
If you own operate a business that has drivers for delivery or transportation, such as a food delivery service or shuttle service, you are required to have commercial liability insurance. If you’re a commercial driver, you may also need commercial vehicle insurance to protect you from being fined or sued. If you are a business owner or a operate commercial vehicles on a weekly basis and are unsure about the coverage you may need, our advisors are here to help you learn more.
There are several types of Commercial Auto insurance policies available. These include liability, uninsured motorist, under-insured motorist, comprehensive and collision protection. You can also add other optional policies to your plan. Liability insurance pays for the damage caused by your vehicle to the other driver and vehicle.
The purpose of uninsured motorist insurance and underinsured motorist insurance is to protect you financially in the event that an accident takes place. Comprehensive insurance can cover for the cost of damages resulting from theft, natural disasters, vandalism, and weather conditions. Collision insurance pays for the repair costs for damages caused by a collision-specific accident.
Commercial Auto insurance provides several financial benefits for businesses. With this policy, your insurance company will become responsible for covering the expenses to repair damaged vehicles. Your insurance company will also pay for claims made against you by third parties. Commercial liability insurance requirements can vary by state. To learn more about the standards required in your community, contact our agency today.