Whether it is long haul trucking or local delivery; whether you have single commercial vehicle or an entire fleet, we can help you set up a policy with optimum protection for liability, cargo, physical damage to your autos and more.
If you own a business, you know that a key part of your operations is getting your products or services to your customers. That is why you need commercial auto insurance - coverage that is designed to protect your business should one of your company vehicles be involved in an accident, theft, or injury. Whether it is one truck, or a fleet; whether you are a travelling sales-person, or own a construction company, speak with a broker to discuss your commercial auto plan requirements. Here are some other points to keep in mind when shopping around for commercial auto insurance.
If your vehicle is used for commercial purposes, then you would need commercial insurance. Here are some typical examples where it commercial auto insurance is applicable:
Even if the vehicle is occasionally used for business purposes, you need to ensure you have the proper coverage. Keep in mind that while your personal auto insurance also provides protection against the same threats, it may not cover you if the vehicle is used for commercial purposes.
There are 3 main components to the commercial auto policy, much like a personal auto policy:
The kind of policy you opt for depends on the usage of your vehicle. There are different ratings, and subsequent coverages, based on the kind of business usage you have:
All insurance policies determine the premium based on a set of rating factors. For commercial auto insurance, the vehicle details and driver details are prominent rating factors. Along with this, the size of the business, the number of employees insured, business and driving risks (eg. kilometers driven, time of operations, type of materials transported or carried), and the amount of coverage are among the various factors that can impact the premium.
Don’t let the technical terms and various definitions overwhelm you. At Insurepedia, our team of seasoned experts have experience helping long-haul truckers, local carriers, contractors, restaurants, and more. We work with the leading insurance carriers to provide you comprehensive coverage policies catered to your unique risk. Feel free to contact us to discuss your needs.