What Every Business Owner Ought To Know About Commercial Auto Insurance

​We are all aware of how crucial having auto insurance is for a personal vehicle. But as a business owner, it's crucial to safeguard the vehicle that facilitates the running of your enterprise, especially if you use it for daily activities.

What is Commercial Auto Insurance?
Commercial auto insurance is a type of insurance that pays for damages to a specially designed work vehicle and any associated legal fees and medical costs. Vehicles that are owned or leased, especially for business use, are all covered by commercial auto insurance. These can include delivery vehicles, food trucks, and semi-trucks.

The following factors could have an impact on commercial auto insurance:

• Type and value of the vehicle
• How many vehicles are for business purposes

Commercial Auto Insurance Coverage
Commercial insurance usually covers the following:

• Damages from collisions – pay for any expenses incurred when your car collides with another car or vice versa.
• Theft – comprehensive commercial auto insurance coverage can compensate you for the worth of your car if it is stolen.
• Medical payments – your insurance should assist in covering medical costs if an accident results in injuries to the driver or passengers of a business vehicle. This kind of coverage is typically available regardless of who caused the accident.
• Uninsured motorist coverage – many commercial auto policies provide coverage if you are in an accident and the at-fault party is uninsured.
• Comprehensive physical damage – in some cases, commercial cars sustain damage without ever being involved in an accident. Comprehensive physical damage insurance covers property damage from natural disasters and unrelated events like vandalism.
• Liability coverage – covers any fees or damages if the other driver files a lawsuit against your company. Commercial auto liability insurance safeguards your assets and those of your business.

Commercial Auto Vs. Personal Auto Insurance
The parameters for using a car for business and personal purposes are significantly different. Commercial vehicles are more frequently and farther traveled than personal vehicles, which increases the likelihood of damage and accidents. Additionally, commercial auto insurance frequently offers broader coverage than personal insurance.

Driving With Your Business
Sometimes, even when we have done nothing wrong, auto accidents occur. You, your staff, and your products are all transported where they need to be by your commercial vehicles. And since your company couldn't function without them, reliable commercial auto insurance is crucial.

At CSIS Insurance Services, Inc., we do our best to make sure that our clients are well-protected with affordable and comprehensive policies. We will go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (888) 501-2747 or Click Here to request a free quote. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!