As a business owner, whether you own a small delivery business or a major corporation with many vehicles you need to know that your auto insurance may not cover you. This is especially true of any vehicles registered to your business, used for pick up and delivery of goods, including food, newspapers, and supplies. You need to protect yourself and your employees.
What Is Considered A Commercial Vehicle?
Any vehicle that your company uses for the business, such as those with a commercial plate and those registered as commercial. If you or your employees will be driving or using vehicles while conducting business, such as running for office supplies, making deliveries, even driving someone to their hotel. You need commercial auto insurance if you have any of the following for your business:
- Delivering any goods or food
- Using a vehicle to transport other people for business
- Transporting flammable or hazardous material
- Delivering newspapers
- Taxi or limousine service
- Trucking and freight hauling
- Using a vehicle with a crane, plow, etc.
What Is Commercial Auto Insurance?
Whether you drive a vehicle that is for business use or drives your personal auto for your business your vehicle will not be covered under your personal auto policy. Commercial auto insurance protects vehicles you use for business against property damage and liability. While some situations and occupations may be covered under a standard auto insurance policy, make sure you consult with your insurance agent if you need commercial insurance on the vehicle you are using. If your business owns larger commercial vehicles such as tractor-trailers, semi-trucks, construction vehicles, and tow trucks you will need commercial truck insurance.
What Does Commercial Auto Insurance Cover?
Depending on your business needs there are several types of coverage you can choose from in addition to the coverage amounts and your deductible. Some coverage is as follows:
- Property damage
- Bodily injury coverage
- Uninsured motorist
- Loaner vehicle
How Commercial Insurance Works
Depending on the coverage you choose, any vehicle that is used for business and your commercial drivers are covered, whether it is one auto or a fleet of cars and trucks. In the event of an accident, you file your claim and be compensated. If your driver is at fault for the accident and it results in damages or injury, that person can file a claim with your insurance and your commercial liability will cover the clam up to your policy’s limit. It is also a good idea to discuss a commercial umbrella policy with your insurance agent, to extend your liability, should you have to protect your business financially if there is legal action against your business.
Where Can I Get Commercial Auto Insurance?
While you do have the option of shopping for quotes online or asking your friends one of the best ways to get commercial auto insurance is through an independent agent such as the expert team at Panorama Insurance Agency. The advantage of using Panorama Insurance is that we are local and will find you the best rates possible. We work for you, not for any specific insurance company. Call us today and see how we can get you covered and save you money.