We know that your business relies on vehicles to keep it running. Your commercial vehicle may range from a car used primarily for business or a whole fleet. It is here that you need commercial auto insurance to protect your business assets, employees, and the working force of your business. Here is all that you need to know about commercial auto insurance.
What is Commercial Auto Insurance?
Commercial auto insurance covers all the vehicles you utilize for business. It includes cars, trucks, vans, and any other vehicle you use for transporting goods, equipment, or employees. This type of auto insurance varies from personal auto insurance in that it specifically addresses those risks and liabilities operating business vehicles would entail.
Why Do You Need Commercial Auto Insurance?
Legal Requirements: Most states require any business to have at least minimum liability insurance for their vehicles to cover the damages or injury caused by the vehicle in case of an accident.
Financial Protection: Accidents are expensive. Commercial auto insurance pays repair costs, medical bills, and related litigation expenses that result from an accident; thus, it provides protection against substantial financial loss.
Employee Safety: Your employees are your best asset. Commercial auto insurance pays you back for your medical bills and lost wages if an accident occurs with one of the company-owned vehicles.
Property Protection: Your business vehicles may require a significant capital outlay. Commercial auto insurance can bring back what you'd lose for repairs or replacing those business vehicles if damaged or stolen.
Types of Commercial Auto Coverage
Here are the variety of coverage options I can provide for your business under Peachey Insurance:
Liability Coverage: Covers your and your employees' bodily injury and property damage caused to others while using a business vehicle.
Physical Damage Coverage: Comprehensive and collision coverage both fall under this category—a way to protect your vehicles against the perils of wrecks, theft, and vandalism, together with such acts of God as earthquakes.
Medical Payments Coverage: This coverage pays the medical expenses for you and your passengers in case an accident occurs.
Uninsured/Underinsured Motorist Coverage: It's going to protect you when business vehicles collide with a driver who has no insurance or whose insurance is under the limits.
Hired and Non-Owned Auto Coverage: This provides liability protection for autos hired under long-term lease or short-term rental and for autos that your business borrows for other business purposes.
How to Tailor Your Policy
Every business is different, and so are its insurance needs. At Peachey Insurance, we will work alongside you to tailor-make a commercial auto insurance policy that meets your needs. Whether you need to insure one vehicle or an entire fleet, we have the experience to make sure you get the best protection at the most competitive rates available.
Protect your business when it's on the road with Commercial Auto Insurance at Peachey Insurance. For more information or for a free no-obligation quote, give us a call today at 620-672-3366.
Disclaimer: This blog is for general information only. It does not constitute professional advice, and no professional relationship is implied between the author and the readers by accessing or using the information contained in the blog. Please seek the advice of a competent professional advisor before taking action based on the information in this blog.
Feel free to reach out if you need any adjustments or additional information!