Do You Need Commercial Auto Insurance?
The commercial auto insurance market is a world apart from the personal auto insurance market. Because of the statistical differences in the number of auto accidents that occur in industry versus the number of personal insurance claims commercial insurance premiums differ considerably from personal auto insurance.
Your company may be large with several heavy duty vehicle fleets or small with just a few cars, trucks, or vans. Either way, you are going to need quality insurance, rates that are competitive and a no-hassle claims service. Getting your hands on an affordable, quality commercial auto insurance policy will protect you and your vehicle and streamline the running of your business.
A good commercial auto insurance policy will provide you with insurance coverage for your fleet of vehicles and drivers. In this way you are protected against injury, loss or damage to vehicles or cargo as well as the all important protection against damage to the property of a third party.
Commercial auto insurance policies that make the grade will feature easy, unified billing and make sure that there are a range of options available in terms of those little extras that suit the unique needs of your business.
What does commercial auto insurance offer you the small or medium business owner in practical terms? A whole range of benefits can become available with a good commercial coverage policy for example:
* Solid protection for all your company's vehicles from a single car or truck to a large fleet.
* Your business will be covered against costly and time-consuming liability lawsuits that could run into hundreds or thousands of dollars.
* Your commercial auto insurance policy should suit all your unique business needs and offer flexibility that suits you, the consumer.
* How does it work? A commercial auto insurance plan usually goes hand-in-hand with premium coverage like general liability or commercial packages. Coverage may include multiple-vehicle and claim-free premium discounts. Direct billing or other payment options are often included in your package.
Commercial auto insurance coverage should include protections against:
* Bodily injury
* Property damage
* Uninsured and underinsured motorists
* Medical payments
* Comprehensive commercial auto insurance benefits
* Collision insurance
* Motor truck cargo protection
Think about it - commercial auto insurance makes sure that in the event of an accident you are adequately protected from the risk of loss and liability that comes into play when you use company vehicles or fleets of trucks, vans and other motorized equipment. This increased risk is transferred squarely onto the strong shoulders of your insurance company.
Let's say you own a small flower delivery service that makes use of four delivery vans, a car and three motorcycles that operate mainly in the city center. Your commercial auto insurance coverage allows you peace of mind no matter who is driving your vehicles, when, or how.
How you use your vehicles will of course affect your commercial auto insurance premiums as will which company you sign with. Many companies offer commercial rates but only a few are specialists in the commercial insurance field. This is an important fact to consider when researching your commercial insurance quotes.
Choose a commercial auto insurance company that has experience in the commercial field not one that offers it as a sideline industry. This way you are ensured that you and your business needs will be understood and accommodated.
Don't forget that if you have a personal umbrella liability policy, you may not be covered for business-related liability so it's wise to make sure you have a commercial auto insurance policy to protect you against liability.
