CSIS Insurance Services, Inc. Blog
Commercial auto insurance is one of the most common insurance policies you can have for the business. It is designed for the goals that are used for business engagement purposes. However, you must know what it entails to understand this particular policy further.
Nonetheless, this article will walk you through what commercial auto insurance means and how it can work for you as a business owner.
If you already have a commercial auto insurance policy, you know that it provides liability damages for collision or comprehensive physical damage loss for the business. It will cover medical expenses because of injuries for passengers and drivers.
Aside from this, you will also be able to get comprehensive coverage for damages caused by bad weather, theft, or other non-collision-related causes.
The Need For Commercial Automobile Insurance
You will need this particular policy if you are an owner or someone who hires commercial vehicles for your business. Thus, if you have a business that delivers goods or materials across the country, you are required by law to have this particular policy.
The Need For Additional Coverage
You should know that you may be required to get more coverage if you utilize your vehicles for special functions such as food delivery or if you work for a taxi service. On top of that, you will also need additional coverage if you transport flammable or hazardous materials.
Knowing How It Works
This is another aspect you should know about your commercial auto insurance policy. It works in such a way that if your driver or vehicle causes an accident or injures another party, the aggrieved individual can file a claim on your policy which can then bring up a lawsuit against you or the driver.
Don’t worry too much because the liability insurance policy will cover costs to pay for the damage or claims if it doesn't exceed the policy limit. Once it exceeds the policy limit, you will be responsible for paying for the excess out of your pocket.
Your commercial auto insurance will also cover the costs of defending your driver from litigation if it comes to that. It is a separate entity from the policy limit itself.
With these five points, you will be able to complete and utilize your commercial auto insurance to the fullest extent without any repercussions down the line. If you have any more questions, we suggest contacting our insurance agents
They will be able to help you understand your policy even further.
At CSIS Insurance Services, Inc., we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (888) 501-2747. You can also request a free quote by CLICKING HERE. Coverage discussed in this article is not guaranteed. Please contact our agents to discuss your coverage and ensure your needs are met. We are happy to help!
6/16/2022 07:07:02 am
It was interesting to know that commercial auto insurance covers medical costs due to injuries for passengers and drivers. My friend wants to ensure that they are protected in the event of financial losses due to a car accident. I should tell him to look for an insurance provider that can offer him with tailored coverage.
6/28/2022 10:06:05 pm
I didn't know that defending your driver from litigation can be covered by commercial auto insurance. My brother is getting an auto insurance policy for his new car. I should advise him to ensure that the coverage fits his lifestyle.
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CSIS Insurance Services, Inc.
3315 Old Conejo Road
Thousand Oaks, CA 91320
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