Commercial Auto Insurance is just one of those insurance types that are almost a necessity for businesses, especially businesses that utilize cars, trucks, and vans in the name of the business. Commercial Auto Insurance is separate from your standard auto insurance and generally, commercial vehicles are required to hold his special insurance. Why, you might ask? Well, normally commercial vehicles are exposed to more risk than personal vehicles. One important thing to note is how Commercial Auto Insurance isn’t just for industrial vehicles like semis or dump trucks. Commercial Auto would also be applied to cars that run errands, carry tools, or transport clients. It’s important to have this special protection when it comes to your small business.
Similar to a standard auto quote, a commercial auto quote typically includes:
- Physical Damage
- Medical Payments
- Uninsured Motorist
- Hired Auto
- Non-Owned Coverage
- Any Auto
- All commercial coverages
What’s unique about Commercial Auto is the fact that it can be adjusted to reflect seasonal changes. But generally, Commercial Auto provides coverage for:
- Your equipment: Inland marine coverage protects your tools, materials, and merchandise while in transit, in your vehicle, or at the work site
- Your employees
- Your savings: High-limit liability coverage helps make sure your business isn’t vulnerable if a work vehicle is involved in an accident and litigation ensues
- Your Daily Schedule: Substitute vehicle coverage to keep the day-to-day operations running, even if one of your fleet is on the shop
As we provided a high-level overview, we hope that the information is helpful when it comes to your business. At Ramey King, we’re here to help answer any questions you might have regarding Commercial Auto Insurance. Feel free to reach out to one of our Commercial Agents today to get the coverage you need for your business.