CSIS Insurance Services, Inc. Blog
Commercial auto insurance ensures that your company is safe from any claims of bodily injury or damage to property during the operation of your company car or vehicle. This also offers coverage when your vehicle is used as a company vehicle. Having commercial auto insurance guarantees that there is money for any repairs, legal fees, and medical fees that other types of insurance products will not cover. Looking for the right commercial auto insurance? Understand the following first:
Who Needs Commercial Auto Insurance
You need business auto insurance when you have a van, truck, or any vehicle under your company's name. If you have company vehicles for partners and employees, or you use your vehicle to haul cargo, a trailer or equipment, you need this type of insurance as well.
Your Insurance Is Not Enough
If you meet an accident while you drive for business and you are covered only by personal insurance, your insurer may not cover damages and medical fees. Your insurance company may even cancel your coverage if you create a claim that's related to the use of your vehicle for business.
Remember, you need commercial auto insurance if you regularly drive to meet your vendors, clients, and partners. You also need one if you usually drive to different sites related to your business. It does not matter whether you own or you lease the vehicle you are using.
What Commercial Auto Insurance Cover
Commercial auto insurance covers auto liability, medical expenses for you and your passengers, and physical damage. It also includes coverage for uninsured or underinsured motorists, roadside assistance, and rental disbursement while your car is being fixed.
What Commercial Auto Insurance Does Not Cover
Your commercial auto insurance will not cover the contents or the items that you are transporting inside your company vehicle. Coverage does not include ridesharing services, injuries to your employees and any accidents that happen while driving a rental. Any accidents that may occur when employees operate their autos for business are also not included.
How Much Is Commercial Auto Insurance?
Expect that commercial auto insurance is more expensive than personal auto insurance. It is costly to insure more vehicles while insuring taxis, cars for hire and limos are more expensive to insure.
Factors considered when looking for affordable commercial auto insurance include the business location, the type of vehicle, and the condition of the car. Also include how many people will drive the vehicle, how your commercial vehicle is stored, and other safety features installed in your vehicle. Safety features such as GPS systems and security alarms counts a lot.
At CSIS Insurance Services, Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (888) 501-2747. Get your free quote today by CLICKING HERE.
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