A Basic Guide to Finding the Best Commercial Auto Insurance Policy

You’ve likely made a lot of sacrifices to open your business. In order to keep things functioning properly, you have to insure every aspect of your business. If you rely on automobiles to help perform tasks, here is a look at why commercial auto insurance is an asset.

Commercial auto insurance is a policy that covers any physical damage and liability disputes regarding cars, trucks, and vans that you use to conduct business. It handles situations not covered by traditional auto insurance policies.

Benefits of Commercial Auto Insurance

Using personal vehicles to conduct business is often excluded from personal auto insurance policies. Certain types of vehicles such as box trucks, food trucks, and service utility trucks are also excluded from personal auto insurance policies. Personal auto insurance policies are written differently compared to commercial auto insurance policies. Commercial auto insurance policies provide more flexible coverage options compared to traditional auto insurance policies.

What Is Covered under Commercial Auto Insurance

Commercial auto insurance provides similar coverage as a traditional auto insurance policy; liability, collision, comprehensive, and personal injury protection. However, the terms of your policy may vary based on your eligibility, limits, definitions, and exclusions.

What Are the Different Types of Commercial Auto Insurance

  • Bodily Injury Coverage

    Bodily injury coverage covers any medical bills or burial expenses if you are held liable for an accident that causes bodily harm or accidental death.

  • Property Damage Coverage

    Property damage liability coverage protects you if your vehicle damages someone else’s property. Your legal fees are covered in the event that you are sued.

  • Personal Injury Protection

    Personal injury protection covers any injuries sustained by you or a passenger in an accident regardless of who caused it.

  • Collision

    Collision coverage protects your vehicle if it is damaged from hitting another vehicle or object.

  • Comprehensive

    Comprehensive coverage protects your vehicle if it is stolen, vandalized, or damaged due to a fire or severe weather.

  • Uninsured Motorist Coverage

    Uninsured motorist coverage takes care of any damages and your medical bills if you are the victim of a hit and run accident or the other driver does not have insurance.

  • Umbrella Insurance

    Umbrella insurance can prevent you from suffering major losses. It covers you if you are handling a claim that exceeds your liability limits.

Purchasing Coverage Online

Before you look for a quote, you have to analyze several things about your business. You have to analyze the number of services your business offers as well as the number of locations your business has. You can amend your commercial auto insurance policy to cover your employees as authorized drivers as well as your friends and family members.

Commercial auto insurance protects your employees while they are on the road. Without it, you are at risk of one mistake causing damage to your business. Do you have any additional questions about your auto insurance? Contact the experts at First Insurance Solutions today. We are always eager to assist you with all your coverage needs.

By First Insurance Solutions

First established in 2003, the experienced insurance consultants at First Insurance Solutions provide unmatched insurance solutions to increase indemnity against personal and business risks. We aim to provide businesses and individuals with quality, reliable insurance policies that meet their needs and budget.