Does your company require commercial auto insurance? It does if you use a vehicle for tasks related to your business. Commercial policies differ when it comes to the type of protection they afford. You can expect policies for commercial auto insurance to cover liability concerning the operation of an auto as well as damage caused to it. The advice below will help you discover the commercial insurance you need for your business.
Ask Yourself These Questions
- Do you transport people or goods for fees?
- Do you require higher liability limits due to your work?
- Do you conduct services with your auto?
- Do employees operate a car for your business?
- Is the ownership of a vehicle in the name of your partnership or corporation?
- Do you haul considerable weight in equipment or tools?
- Do you tow a trailer to conduct business?
Commercial Insurance Protects Your Bottom Line
Commercial insurance for autos related to your business can be put in place with financial protection against a range of liabilities and personal injury. It can provide coverage for uninsured motorists and collisions, as well. Better protect your business and put commercial insurance in place with comprehensive coverage against damage to company autos caused by risks such as floods, fire, hail, and theft.
Higher policy limits are typically set for commercial auto insurance in comparison to personal auto policies. Regardless, commercial insurance will safeguard your assets from liabilities and lawsuits. There are also other facets including insuring your employees.
What It Means to Insure Employees
Most policies for commercial insurance include employees driving your insured cars. Even if an employee drives their own vehicle, your insurance may cover them when using their auto for company business. This also covers claim expenses that exceed limits for their personal auto policy.
Coverage may also extend to the use of rented autos used for your business. Policies vary, so you should always speak with insurance professionals to ensure you have the protection you need. Also, check to see if specialized coverage such as lease or loan gaps or physical damage could better protect your business.
Find out how commercial insurance will benefit your business. Speak with the friendly and knowledgeable agents at Cole Harrison Insurance for help determining the type of coverage that would best benefit your company. Get a quote for commercial insurance for your business today.