WEDNESDAY, APRIL 29, 2020
 Commercial auto insurance can protect your business fleet better than personal auto insurance. If you are in a transportation or delivery business, commercial coverage is critical.
Let’s take a closer look at the types of business vehicle insurance available and factors that may affect your premium.
What Are the Types of Commercial Auto Insurance?
You may already know about some types of business vehicle insurance. That's because they include the same coverage as personal auto policies. However, commercial auto insurance provides greater coverage for your company's fleet or individual cars and trucks.
Common business vehicle policies include:
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Liability Insurance: This covers bodily injury and property damage. Bodily injury coverage handles injuries experienced by others due to an accident you caused while driving an insured vehicle. Property damage pays for damage to another person's property due to an accident caused by you while driving an insured vehicle.
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Comprehensive Coverage: This covers repairs or replacement of your vehicle due to an incident other than a collision. Examples include fire, theft or vandalism.
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Collision Coverage: This pays for the damages to your vehicle caused by a collision.
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Uninsured/Underinsured Coverage: This pays bodily injury or property damage for you, your passengers or your car if you are struck by an uninsured or uninsured driver.
If you include it in your coverage, your commercial auto insurance can also cover employees driving covered vehicles for work purposes.
How Much Commercial Auto Insurance Do You Need?
A commercial auto insurance agent can best help you identify the needs of your business. Note that you'll have to purchase enough coverage to comply with state laws.
Other factors that impact the cost of your business vehicle insurance include:
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The make, model and value of covered vehicles
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The size of your business
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The number of cars in your fleet
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The total number of employees
Your business auto insurance may also cover legal expenses if someone sues you due to an accident.
Choose the Coverage That's Right for You
If you max out your limit on your commercial policy and still need more coverage, you might want to ask your agent about commercial umbrella coverage to expand your existing vehicle policy limit. When it comes to protecting the vehicles you rely on for your business, it may be best to err on the side of caution. Discuss all your options with your agent and choose the one that best meets your needs.
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It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
in your state. By using this blog site you understand that there is no broker client relationship between
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