Do you have a business that requires either you or your employees to drive for work? If so, you should realize that your personal auto insurance will not provide coverage if an accident occurs during work hours. In fact, many business owners aren’t aware that they need separate coverage, called commercial insurance, in order to cover losses from any work-related auto accidents. Below is a description of how this unique policy will protect you and your business.

A Brief Guide to Commercial Auto Insurance

Bodily Injury & Property Liability Insurance

If you or an employee of your business are at fault in an accident, this policy will kick in to provide coverage for any medical costs for the individuals who were hit. This is a necessary policy, as medical payments can easily run into the thousands, putting your business and livelihood at risk.  

Property Damage Insurance

This policy covers any damage expenses to the other person’s vehicle if you are at fault. Depending on the damage, you could be liable for fixing or even providing the replacement cost of their vehicle. In the event of a lawsuit, this part of your insurance will also pay for your legal defense, should you need it. 

Underinsured or Uninsured Driver Insurance

There are some drivers who take to the road without any coverage. This puts you and your ability to run your business at risk if you or your property is hit by them. For businesses that rely on transportation or having a fleet of vehicles on the road, this policy is a must. If you happen to be hit by someone without insurance, it will pay for property damage to your vehicle. 

Medical Payments

Regardless of who is at fault, it’s imperative to protect yourself and your employees with medical payments coverage. If your employee is injured while driving for work, they must make any medical claims through this policy, or their personal medical policy might not cover them. Without this coverage, you are setting yourself up for major liability and lawsuit issues.

If you own or operate a business, it’s important to make sure you have the right coverage in place. The qualified team at Tammy Ross Insurance has been providing the business owners and citizens of Union County, NC, with the right coverage at the best rates. Call them today at (704) 233-4981 or visit their website for more information.