Commercial auto insurance covers vehicles used for business purposes. It also protects against liability claims that arise when someone is injured in an accident involving a vehicle covered by the policy.
What is Commercial Auto Insurance?
Commercial auto insurance is required by law in every state. This type of insurance is designed to protect businesses from financial losses caused by accidents involving their vehicles.
It protects your business from liability claims arising out of accidents involving vehicles used by your company. This includes any vehicle owned or leased by your company and any vehicle rented or borrowed by your employees.
If you own a business, you need this insurance. In fact, you must carry this type of insurance even if you do not use your car for work purposes. However, there are different types of commercial auto insurance available. These coverages will vary based on the size of your business, the number of vehicles you operate, and other factors.
Why Should I Get Commercial Auto Insurance?
There are several reasons why you might want to purchase commercial auto insurance. First, it protects your assets. This includes your vehicle(s), as well as any equipment or inventory stored inside them. Second, it helps protect your employees. Third, it provides liability protection for third parties who may be injured while using your property. Finally, it covers damage caused by natural disasters such as hurricanes and tornadoes.
You need it because it covers you against potential liabilities associated with using your own vehicles. For example, if an employee causes an accident while driving a company car, you could be held liable for damages caused by the accident.
As mentioned above, there are several reasons why you would want to purchase a commercial auto policy. However, before you do so, make sure that you understand how it works. For instance, some policies only cover accidents that occur within the state where the policyholder resides. Others require that the vehicle be used exclusively for business purposes. Still, others limit the number of miles driven per year.
How Do I Know Which Type Of Coverage I Need?
If you own a business, you need insurance. This type of coverage protects your vehicles against damage caused by third parties. In addition, it covers liability claims made against you as an owner of the vehicle. Contact us today to find out more.