If you make deliveries or provider on-site services, your commercial vehicles are an essential part of your business. However, they do open you up to expensive liability claims, which is why commercial auto insurance is such a valuable investment. Here are answers to some common questions business owners have about these critical policies.

A Guide About Commercial Auto Insurance

Do I need coverage if I use my vehicle?

Most personal car insurance policies specifically exclude accidents that occur when you’re working, which leaves you vulnerable to damaging lawsuits. If you use your vehicle to transport clients or deliver products, a commercial policy will provide the protection you need.

What does commercial auto insurance include?

Like a personal policy, commercial auto insurance coverage shields you from liability claims arising from a collision caused by one of your drivers. Adding collision and comprehensive coverage ensures you’ll be compensated for damage to your own vehicle caused by accidents, the weather, or vandalism.

How much liability coverage do I need?

Auto accidents can be costly, and businesses are often viewed as having more resources than individual drivers. To protect everything you’ve built, choose a policy with liability coverage equal to the value of your company’s assets.

What factors influence commercial auto insurance rates?

Insurers use several variables to determine your risk, which is used to calculate your premium. The type of vehicle, your local area’s crime and accident rates, and the number of drivers you employ can all influence the cost of coverage.
 

No matter what industry you’re in, the agents at Auto Insurance World in the Lake City and Live Oak, FL, areas are committed to getting you the coverage you need at the best rates possible. This independent office works with various of the industry’s leading carriers, giving them an expansive range of options to choose from. Visit their website or call (386) 755-7283 for a free quote, and follow their Facebook for more tips and insight.