Business Owners: All Company Vehicles Need Commercial Auto Insurance
If you own or use a car for business, you must insure it. However, your need more than just standard car insurance. Businesses should carry commercial auto insurance for enhanced protection.
What is commercial auto insurance?
By law, almost all drivers must carry car insurance. It will help you pay for the damage you cause to yourself or other people in wrecks or other accidents.
If you use your vehicle for business, you likely need commercial auto insurance. The coverage will specifically protect the business’s interest in a vehicle. Therefore, there is less of a chance of claims denial following a damaging incident.
Commercial Auto Coverage Options
A commercial auto policy contains many standard auto coverage elements.
Bodily injury liability coverage pays for medical bills (and in some cases deaths)
Property damage liability pays for damage to the others' property, like their vehicles.
Collision Insurance: Covers damage to your own vehicle after a wreck.
Comprehensive Insurance: Pays for damage from non-accident mishaps, like theft or weather damage.
Medical Coverage: Pays for your own medical bills and those of your passengers. It may also cover death expenses.
Keep in mind, if you have vehicles like conversion vans or semi-trucks, you may need extra coverage. You also might need cargo or personal effects protection. You agent can guide you through the selection process.
Do I need a Commercial Policy?
Those who need commercial auto insurance often include:
Talk to your agent about the specifics of your ownership status. They’ll help you determine if you need coverage. Many businesses will need to insure both the company and the individual driver on the policy.
Questions to ask your agent
From initial contact to ongoing policy support, we’re here to help you make the most of commercial auto insurance. Our independent agents fully understand the intricacies of policies. We guarantee you’ll always have a support system in us. Here are a few things to consider as you prepare to get covered:
How much can you afford to pay if you get in an accident? (To keep premiums low you may want to have a higher deductible and be willing to pay more for repairs.)
What is the insurance company's level of service and ability to pay claims?
What discounts are available? (Ask about good driver, multiple policy and student discounts.)
What's the procedure for filing and settling a claim? (Ask who to call and what happens after you file a claim.)
Don’t hesitate to get a quote on a personalized commercial auto insurance policy right now! Contact us at 805-238-1818 or request an online quote right now!