Learn Everything about Commercial Auto Insurance

by car insurance

This free e-book is brought to you by
Ourboox.com

Ourboox is the world's simplest platform for creating and sharing amazing ebooks.

You too can become one of our 75,000 authors.

Join us now and start creating your own books right away.

Create your own free book

Learn Everything about Commercial Auto Insurance

Member Since
Jul 2020
Published Books
1

If you are looking to start a business then you’ll need various vehicles to use during your business for transportation and service purposes. Covering them with personal auto insurance is going to cost you big bucks and driving without insurance is a bookable offense.

 

So, what would you do? Well, you just have to buy commercial auto insurance as they are specially designed to cover your commercial vehicles and insure your vehicles at a low premium rate.

 

This auto insurance protects the small businesses when a company-owned vehicle got into an accident, had a collision, vandalized, stolen, or damaged. Commercial vehicle insurance can save you a lot of money and can help small businesses in tough times by insuring their vehicle and providing them with attractive premium-rates.

 

How commercial car insurance plans work?

 

When you or your employee causes an accident, the commercial auto policy will cover damages to the company’s vehicle and bodily injuries. This cheap commercial auto insurance offers five types of insurance protection to you-

 

  • Auto Liability covers all the legal costs if you are sued over damage caused to another vehicle by your vehicle.
  • Medical Payments for related to all the medical bills you have to pay due to the accident and injuries you or your employee suffered during an accident.
  • Collision Coverage will cover all the damage inflicted on your car in the event of collision of your car with another car and will pay you to fix your car.
  • Comprehensive coverage will pay in the event of theft or damage due to vandalism on your car and will pay you to repair your damages.
  • Uninsured Motorist Coverage will protect you if a driver without insurance injures the driver or passenger of your vehicle and this also covers you for damages on your vehicle caused by an uninsured motorist.

 

It is mandatory for business vehicles to be covered by commercial auto insurance as it will protect you from damages and also protects your vehicle and employee at the same time.

 

What is not covered in commercial auto insurance?

 

This insurance only covers business-owned vehicles and is not eligible to cover personal vehicles. It will not cover personal vehicles used for business purposes until it is their main objective.

 

In case your employee uses his own car to do work-related errands then he needs to get hired and non-owned auto insurance to get it insured.

 

This policy does not cover-

 

  • Things you carry in your vehicle
  • If you use this vehicle to provide ridesharing through Uber or Lyft.
  • Employee injuries are covered through worker’s compensation insurance.
  • If The accident happened in a rented or leased vehicle then this insurance will not cover for your damages.

 

Who needs this type of insurance?

 

If you own a business and have vehicles that used for various business-related purpose then you need to get commercial car insurance. If you use your vehicles for-

 

  • For traveling purposes to and from business sites.
  • To transport tools and equipment used for your business.
  • To transport your workers, employees, and clients.

 

In these situations, it is advisable to get cheap commercial insurance and save big bucks on insurance plans.

 

How to find business car insurance quotes?

 

You can find commercial auto insurance quotes easily on the internet and you can compare them to see which is best for you and which insurance plan offers you more benefits. Choose any one of them and insure your commercial vehicles with it.

 

Conclusion:

 

With the given information, you can now easily get commercial insurance for your company and save a lot of your hard-earned money on your insurance plans. Go through this guide and get the best insurance for you.

 

1
2
This free e-book is brought to you by
Ourboox.com

Ourboox is the world's simplest platform for creating and sharing amazing ebooks.

You too can become one of our 75,000 authors.

Join us now and start creating your own books right away.

Create your own free book

COMMENTS 0

Leave a Reply