Commercial auto insurance is a must for any company that owns, rents, or leases vehicles for business use. Auto coverage is not included in a Business Owners Policy, but the vehicles you use need the same coverage as your personal vehicle.
She Will Insurance has many options for you to choose for your commercial auto coverage. Here are some of the basics:
All vehicles on public roads are required to have liability insurance. This type of coverage protects you from paying for the damage that you cause to someone else’s vehicle or property. It also covers medical costs due to bodily injuries you are at fault for, up to your policy limits. Should you be sued for causing damage, injury, or death, your liability coverage will help to pay the legal fees.
With collision coverage, you are protected against costs from damage caused by collisions with another vehicle, an object, or from roll-overs. This does not include an impact with an animal or bird.
Comprehensive coverage is the protection you need from damage caused by most things that fall under “other than collision.” This is what you need for possible mishaps due to fire, theft, vandalism, weather, impact with an animal, etc. It will not cover wear and tear or mechanical breakdowns.
These are the very basic parts of a commercial auto insurance plan. You can choose to customize your policy according to how many vehicles you use, what they are used for, who is driving them, etc. You may decide to insure certain vehicles with higher limits than others, depending on the vehicles’ worth, or what it is used for. You should consider employees who use their personal vehicles to do occasional business errands, and how that can affect your company if a lawsuit occurs.