Do you own your own business? Does your business require the use of a vehicle, such as for transporting products or helping employees meet with potential clients? If so, then a business insurance policy isn’t enough. You may also benefit from a commercial auto policy. What’s in a commercial auto policy? How do you obtain coverage?
Who Needs Coverage?
If you have a vehicle you use for business purposes or is driven by your employees but you only have personal auto coverage, this could lead to problems should you ever become involved in an accident. As a business owner, you need to have commercial coverage for any and all vehicles, including cars, vans, and trucks, used as part of your company. Otherwise, you may not be covered for any ensuing damage or medical bills.
What Does the Policy Cover?
First, you can obtain liability coverage, which covers the costs of damages, medical bills, and even legal defense. You can also obtain a policy that includes medical (for both drivers and passengers), collision, and even comprehensive (which covers everything from fire to theft to flood and hail damage). What your policy will include will depend on a number of different factors. Fortunately, we have insurance agents who can speak with you and craft a policy that fits needs and remains within your budget.
Doesn’t My Business Policy Already Include Liability?
Yes, but this coverage typically addresses injuries related to your products or that occurs on your property. This doesn’t address injuries or damages as a result of an accident involving a company vehicle. Even if you have general liability or even an errors and omission policy, you should still have a commercial auto if you or an employee operates a company vehicle. If you have any questions about our policies please don’t hesitate to contact our office today.