Commercial auto insurance may protect your business from legal claims of injury and property damage that occur during operations. This may also apply when using a personal vehicle for business purposes.
Driving can be vital for an independent venture. You may utilize an organization vehicle or your vehicle to move supplies, meet customers, or get things done. Commercial auto insurance may pay for repairs, medical expenses, and legal fees that personal auto insurance might not cover. In these cases, it’s crucial to buy business accident protection.
Let us take a look below!
An individual vehicle protection strategy will generally not cover mishaps when driving a vehicle for business purposes. Business collision protection is a kind of private venture protection that can pay to fix the damage to your vehicle or other vehicles when you’re involved in a mishap.
Likewise, this type of responsibility protection can pay for clinical costs and legitimate expenses if another driver sues you.
You may understand that commercial auto insurance has extra coverage, which may cover gaps in a personal auto insurance policy. Here are some losses that are covered under the commercial auto insurance policy.
- Auto Liability: This pays for property damage or bodily injury you might cause to others or property while operating a vehicle.
- Medical Payments: It may cover medical expenses for you or any other passengers injured in an accident, even when it is your fault.
- Physical Damage Coverage: This pays for repair if your vehicle is stolen or damaged by collision with animals, vandalism, weather events, etc. This may be referred to as comprehensive coverage.
- Collision Coverage: This would cover damage to your vehicle by accident or collision with other objects like trees.
- Roadside Assistance: When there is a breakdown of an insured vehicle, you may require this coverage for towing, repairs, and other assistance to get the vehicle back in service.
Commercial auto vehicle insurance may cover you, your employees, and business partners legally authorized to drive and operate your vehicle with permission.
Before contacting any company for commercial auto insurance quotes online, ensure you have the critical information for the vehicle you need to insure. This may include:
- Model and year of the vehicle.
- VIN.
- Vehicle cost
- Type of vehicle (e.g., truck, van)
- Vehicle’s weight and security features like GPS or telematic devices.
- Maximum distance traveled from the business location.
Many auto insurance companies offer customizable policies. Thus, you only need to buy the coverage you need the most. You should take safety measures and background checks for your drivers to reduce costs!
