When it comes to running a business, vehicles – whether they’re leased, rented or owned – are crucial for a variety of tasks. From transporting materials and tools to worksites to driving to meet clients, companies of all kinds rely on safe and functioning vehicles to serve customers and generate profit.

It is critical to protect your drivers and vehicles through proper insurance coverage. That’s why many organizations turn to commercial auto insurance, which can provide the following benefits:

commercial auto insurance liability coverage

Liability coverage: Collisions don’t just impact vehicles – they can cause expensive damage to nearby property. Commercial vehicle insurance can provide a range of protection if and when a driver damages another person’s vehicle or property in an accident.

 

collision protection commercial vehicle insuranceAutomotive damage and collision protection: Following an accident, your company may need to pay out of pocket for vehicle repairs – both for your own vehicle and any vehicles you hit. Commercial auto insurance can reimburse policyholders for the costs of vehicle repairs they may need following a crash, regardless of who is at fault. Many policies even provide coverage for uninsured and underinsured drivers, providing an extra layer of protection.

 

commercial vehicle insurance medical coverage

Medical payment and lawsuit coverage: Collisions often result in injuries and expensive medical costs for you and those involved in an accident. Commercial vehicle insurance policies offer protection for these expenses and can help cover medical costs, lost wages and even legal expenses should a lawsuit ensue.

 

commercial vehicle insurance Protection beyond personal auto insurance policies: Simply put, personal auto insurance doesn’t provide sufficient coverage for accidents that occur while policyholders are driving for business purposes. Without commercial car insurance coverage, companies would have to pay out of pocket should employees get in an accident while making deliveries, picking up supplies or using a vehicle to perform essential business functions.

 

commercial auto insurance add ons

Optional add-ons for even more security: Beyond standard protection for collisions, commercial car insurance policies can also be customized to meet your needs. Common policy add-ons include roadside assistance coverage, new vehicle replacement cost coverage, towing reimbursement, rental reimbursement and gap coverage for auto loans or leases.

 

comprehensive commercial auto insurance coverage

Comprehensive coverage: Accidents aren’t the only source of vehicle damage your business needs to consider. Business auto insurance can provide comprehensive protection for damages that are unrelated to an accident such as losses related to theft, floods, vandalism and fires.

 

Want to Learn More About Commercial Vehicle Insurance?

Commercial auto insurance isn’t just for large vehicle fleets. Any car, truck, van or similar vehicle used as part of your business operations needs to be covered. To learn more about commercial auto insurance and secure a policy of your own, contact Beimdiek today!

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