From office equipment to data and products, there are many assets you’ll need to protect if you’re a business owner. But if your company owns and operates vehicles—such as delivery vans, service trucks, or corporate cars—it’s also important to add commercial auto insurance to your policy. To help illustrate why this type of coverage is critical, here’s what you need to know about the protection it offers—and when you will need it.
What Does Commercial Auto Insurance Cover?
Similar to personal auto insurance policies, commercial plans cover many risks that are associated with operating a vehicle.
For example, if a business vehicle is involved in an accident, a standard policy will cover the damage of other automobiles, as well as medical costs—up to a certain amount. Roadside assistance can also be provided to help with other emergencies, such as flat tires, empty gas tanks, and dead batteries.
Adding collision coverage will provide funds for damages caused to your vehicle—whether or not you’re at fault. And if you have comprehensive coverage, your vehicles will be protected against damages that aren’t related to accidents, such as hail damage or vandalism.
Unlike personal policies, commercial plans are designed to protect more than just the specific drivers listed on the policy. Instead, they will provide coverage for any employee who is operating the vehicle at the time of the incident. This can be extremely helpful if you have multiple staff members that drive company cars or service vehicles.
What If Your Company Doesn’t Own the Cars?
You should still have commercial auto insurance if you or your employees use vehicles that are not owned by the company. Personal policies will not always cover incidents that occur when a car is being used for business-related purposes, such as accidents that happen when you are delivering food, transporting construction equipment to a worksite, or transporting clients.
If you’re looking to provide your business with the best protection, turn to the specialists at Consolidated Agency Inc. Providing both personal and commercial coverage, these skilled agents will connect you to the best policies for your needs—including auto, liability, and property insurance. They can also help pinpoint—and protect against—specific risks that may be associated with your unique line of work. To learn more about their exceptional products and support services, visit this Rochester, NY, insurance agency online. If you’d like a personalized commercial auto insurance quote, call a professional at (585) 467-4110.