Whether you own a fleet of vehicles or use your car to make deliveries, commercial auto insurance is a necessary investment that could protect your entire business. Having the proper coverage shields you from lawsuits, protects your business property, and provides valuable peace of mind whenever you or your employees are on the road. If you’re purchasing a vehicle for your business or launching a new company, below are a few aspects you should know about commercial auto insurance.

Who Needs It

Many business owners mistakenly believe that they don’t need commercial car coverage if they use their private vehicle for work. Unfortunately, most personal auto insurance policies specifically exclude business activities, so your claim may be denied if you are in an accident while working. Every business owner who uses a vehicle to deliver products, transport passengers, or provide on-site services needs a separate commercial auto policy.

How Business Auto Insurance Protects Your Investments

If you or an employee causes an accident in which someone is injured, the other party could file a lawsuit for damages. Even if you ultimately prevail in court, the legal fees alone could be more than you could afford, potentially putting you out of business. Commercial auto insurance will cover the injured driver’s losses, along with any court costs or attorney’s fees.

Many commercial auto insurance policies also include collision coverage—which pays to repair your vehicle after an accident—and comprehensive coverage. If you’re hit by a driver who doesn’t have adequate insurance, uninsured or underinsured motorist coverage will step in to cover your losses, allowing you to continue operating as quickly as possible.

Since 1989, Robert Taylor Insurance has helped business owners throughout Lorain, OH, protect their investments from the unexpected. Their insurance agents proudly deliver personalized service to every client, comparing policies from dozens of carriers to find the one that provides the coverage you need at an optimal rate. To request a commercial auto insurance quote, call (440) 277-5191. Explore their services on their website, and follow their Twitter for more tips and advice.