Do you need Commercial Auto Insurance?
The purpose of Commercial Auto Insurance AKA Business Auto Insurance is to protect your business from any claims of property damage/bodily injury that can happen during the operation of a company vehicle. It is there to pay for repairs, legal fees and medical expenses that may occur during an accident that personal auto insurance would not cover. Commercial auto insurance covers vans, trucks, cars and other vehicles that you use specifically for business reasons. A commercial vehicle is considered to be any kind of vehicle that is being used for business purposes. It can range from using your personal vehicle to deliver your product to the local market, to a fleet of pickup trucks used for your construction business.
Unsure if you need commercial auto insurance? If any of these scenarios apply to you, visit our website so we can find the right policy to fit your business’s needs:
You transport cargo, equipment or drive a trailer with your vehicle
Company vehicles are used by partners and other employees
You have several vehicles that your company owns
Regularly drive between job sites
It does not matter if you lease, own or rent a vehicle. What matters is the reason you are using the vehicle. Commercial auto covers you, business partners and employees who are legally authorized to operate your company’s vehicle.
What can we provide with Commercial Auto Insurance?
The team at Pearson Wallace knows that it is important to have coverage that protects your business and income. We make sure to select coverage that meets the specific needs of your business. A typical commercial auto insurance quote includes:
Medical Payments
Liability
Rental Reimbursements
Uninsured/Underinsured Coverage
Collision Coverage
Roadside Assistance
There are several factors that contribute to your premium including your coverage needs, profession, vehicles, drivers and location. If you would like to know what a commercial policy will cost to you. Just call us or start a quote online.
Does my Personal Auto Insurance Cover Me In an Accident?
When an insurance company issues a personal auto policy for a client, they do not want to take on the additional risk that comes with driving a vehicle for commercial reasons. Because there are so many more risks associated with commercial driving, a personal auto policy most likely will not cover the damages that occur if there is an accident. While personal auto insurance doesn’t cover a vehicle if it’s being used for business reasons, a commercial auto policy covers your vehicle for both commercial and personal use.
If you are ready to find a plan to better suit your business’s needs. Give us a call at (413) 464-9390 or contact us.