Do you run a business that has drivers on the road? If you do, you will need to have a quality commercial auto insurance policy. Commercial auto insurance is essential for a number of different companies or businesses. Commercial auto insurance is a specialized insurance policy that helps to protect the company in the event your driver or your vehicles were involved in a collision or caused damages. This policy can help save a business money and much more! If you are uncertain if your business should have commercial auto insurance, Signet Insurance Group will explain more about this type of coverage and who should have it.
What Does a Commercial Auto Insurance Policy Cover?
A commercial auto insurance is a policy that is designed to protect a company that has vehicles and drivers on the road who are at fault and have been involved in an accident. Commercial auto insurance includes two essential elements when it comes to coverage such as:
Liability Damage:
• Bodily Injury – Covers medical expenses due to the auto accident when your company is at fault.
• Property Damage – Covers cost of repair or replacement of personal property of the other person(s) that was involved in the accident.
Physical Damages Covers:
• Collision – All damages from the auto accident.
• Comprehensive – All damages due to weather, theft and non-collision and other related scenarios.
Commercial auto insurance helps to provide relief for both the business and those who were involved in the accident. This includes your drivers/employees and the other people involved in the accident. A commercial auto insurance will cover the cost of medical, repair or replacement cost and other fees as the result of the claim filed against the company.
Do I Need Commercial Auto Insurance?
It can come as a surprise who or what business should have commercial auto insurance. Even businesses that do not make money by having drivers on the road often find they should have commercial auto insurance. If you have a driver and vehicle on the road on behalf of the business, even if it is a small task, you should have commercial auto insurance. For those who rely on vehicles and drivers for business operations that uses commercial tags, license plates and are registered commercially, they should be covered by a commercial auto insurance. Some of the more common scenarios where companies may feel that they do not need commercial auto insurance that have drivers on the road are:
• Driving Clients
• Dropping Off Packages and Documents
• Shopping or Picking Up Supplies
• Going on Sales Calls
As these scenarios may seem innocent enough, if your employee was running errands on behalf of the company, you have drivers on the road for business purposes. If an employee is running personal errands, or is driving to work and home again, you do not need commercial auto insurance. Some of the better examples of businesses that should have commercial auto insurance are:
• Towing and Roadside Assistant Services
• Food Delivery and Other Goods
• Taxi, Limousine and other Chauffeur Services
• Transportation of Goods, Products and or Trucking Industries
• Moving and Freight Services
Home, Business & Auto Insurance Agency in Henderson, North LV, Reno, Spring Valley, Enterprise, Sunrise Manor, Paradise & Las Vegas, NV
As each business or company are never the same, it is important to find the right commercial auto insurance to ensure you are properly protected. If you need commercial auto insurance, contact Signet Insurance Group today.
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