Commercial Auto Insurance

The Importance of Commercial Auto Insurance

From driving some sort of vehicle for commercial purposes to being the CEO of company with a fleet of trucks, anyone who uses a commercial vehicle when conducting some kind of business should definitely take advantage of commercial auto insurance. Having proper coverage will help protect any business from liability issues resulting from injury-causing events and/or property damage incidents.

If you run a company that utilizes drivers for delivery or transportation, such as a delivery service for a restaurant or an entire fleet of trucks for a supermarket chain, it is necessary to have commercial liability insurance. As one who commercially drives, you might also need commercial vehicle insurance to offer coverage for out-of-pocket expenses related to fines or lawsuits. If you are a business owner or an individual operator of a commercial vehicle and need more information our professionals are standing by to help you.

There are a few kinds of commercial auto insurance policies from which to choose. Examples include liability, uninsured and under-insured motorist, and comprehensive and collision coverage. One may also add other, optional, riders to a plan increasing the scope of coverage. Liability insurance is what pays for the damage your vehicle causes to another driver and/or vehicle.

Uninsured motorist insurance and underinsured motorist insurance were designed to protect you financially should you be involved in an accident with an uninsured driver. Comprehensive insurance is for those times when you need help covering the costs of damages resulting from theft, natural disasters, vandalism, and bad weather. Collision insurance provides coverage for the repair of damages caused by a collision.

Commercial auto insurance can be a lifesaver, figuratively, for a business. With this coverage your insurance provider assumes responsibility for covering the costs for the repair of your damaged vehicle(s). Your insurance company will also protect you from claims made against you by third parties. Commercial liability insurance mandates tend to vary by state. To get more information about the requirements of your region, contact us today.