Commercial Auto Quote
The commercial vehicle insurance world can be a complicated place to navigate, but this post is going to serve as a primer, answering common questions and concerns about which types of vehicles you can be covered for, and how much it will cost your business. Below are a few of the common types of coverage that you can buy to bolster your business car insurance policy and reap the biggest benefits. There are several types of commercial insurance you can obtain that will help to secure your business.
Commercial Auto Insurance Coverage is much like personal car insurance, except a commercial vehicle is one used for primarily business purposes. Commercial policies generally cover vehicles that will see higher miles per year, and policies can cost more because of increased risks relative to those associated with personal auto insurance policies. One difference is that policy limits purchased with commercial car policies are generally higher, as businesses require greater financial protection. Commercial car insurance can protect your business in several ways. If you are a small business owner or sole proprietor, having commercial car insurance may be particularly important, as your personal car policy may not cover your business activities.
For instance, if you lease or lend any vehicles to use for business, you will want to get a business car policy. Whether your vehicles are necessary to your day-to-day operations, or you use them for work only on occasion, you will want a car insurance policy tailored to your business. Commercial Auto Insurance is liability and physical damage coverage for vehicles, like cars, trucks, and vans, used for business.
From liability and physical damage protection, to theft and loss of value, commercial car insurance and vehicle insurance coverage protects your companys vehicles financially. If your vehicles cause damages to the property of another, property damage insurance helps to cover the costs. Commercial flood insurance, which helps to cover damage caused by flooding, which might not be covered under your homeowners insurance. Commercial Property Insurance, which helps to protect your companys physical location as well as any owned or rented equipment that you use to operate your business.
You can protect any tools, electronics, or other expensive items that you use to conduct your business through supplemental commercial property insurance. Commercial motor vehicles insurance, which covers both owned and leased cars and trucks, can protect your business in a number of crucial ways. Nearly every vehicle that you or your employees use for your business may be covered under a commercial vehicle insurance product. Affordable commercial vehicle insurance also helps during certain business-related accidents, such as protecting the trailer you are pulling.
Commercial vehicle insurance helps cover costs related to accidents involving a commercial vehicle. Most states require your commercially owned vehicle be insured against specific types of accidents under business motor coverage. If a small business owner or one of his employees uses their personal vehicles for work-related tasks, like picking up customers or shipping products, it is important to know that their personal car insurance will not cover any damages should a crash happen when he drives that vehicle for work-related purposes. If you or an employee are driving a personal vehicle for business purposes, or your business is leasing the vehicle, consider getting Hired Non-Owned Insurance (HNOA).
If you are running a small or midsize business and have two or more vehicles that are dedicated to solely business purposes, consider getting business fleet insurance. Just as no two small businesses are alike, no two work-vehicle fleets need exactly the same coverage for commercial vehicles. Businesses that have more than one vehicle to cover could save if they purchased commercial fleet insurance, which is a kind of comprehensive coverage that has flexible options to help keep costs down.
Insurance companies cater to building companies with big fleets one minute, small-business owners with one or two vehicles the next. Commercial insurance also includes specific coverage for your industry, and offers seasonal coverage if your company uses your vehicles just a few times per year. Fleet coverage typically includes liability for business motor vehicles, physical damage, medical expenses, uninsured motorist, and rental car coverage.
Commercial umbrella insurance, which extends the limits of your coverage on some liability policies, in order to help you pay expensive claims. Collision coverage is optional, but you are usually legally required to have it if you are leasing the car. It covers your business vehicles repair costs, no matter who is found to be at fault in a crash with another car.
Auto liability covers the damages to other properties that may occur from your car, and injuries sustained by others. You might think that you are covered by your personal auto policy, but that is not designed to handle the types of risks you and your employees might encounter. If the car in question is used mostly for work, you need to obtain business car insurance coverage, because most personal car policies — yours or that of one of your employees — will not offer any insurance for work-related accidents and incidents.
CNA commercial auto insurance provides cover for personal injuries and property damage caused by owned, hired, and non-owned vehicles used for business. Direct Auto Insurance representatives can help you find an affordable plan that keeps your fleet of work vehicles on the road and covered correctly. Plymouth Rock Assurance will take the time to really understand your business so that we can create a customized, comprehensive business car insurance plan that keeps your company running.
Our commercial auto insurance is built to withstand sweat, with specialty coverages that keep you, your employees, and your bottom line covered while your business is on the road. Commercial vehicles used for specific purposes, like hauling hazardous materials, providing first responder services, transporting school children, and providing ride-hailing services, like taxis, need specific insurance.
Each state has their own minimum requirements on how much commercial car insurance you must have. The insurance ratings of those named in the policy, the ZIP code the vehicle is registered in, and your estimated annual miles driven all have an effect on your commercial vehicle insurance premium.