What Is A Commercial Auto Policy?
Commercial Auto Insurance is like a guardian angel for your business on wheels. It's meant to cover losses that either you or your employees may encounter while on the road. Whether you're running a delivery service, a florist on the move, or a construction crew with a fleet of trucks, this insurance is the pit crew that keeps your vehicles in the race.
What Does Commercial Auto Cover?
Auto Liability: Protects you and your business in the event of any bodily injury or property damage you might be held responsible for as a result of an accident.
Comprehensive coverage: Pays for damages to your vehicle that aren't the result of a collision (i.e. theft, weather, vandalism)
Collision coverage: Pays for damages to your vehicle in the event of a collision regardless of who's at fault.
Medical payments: Pays for medical expenses (for up to a set amount) for you or your employees resulting from an accident
Uninsured/Underinsured Motorist: Covers damages owed to you or your employees when the accident is caused by an uninsured or underinsured motorist
Commercial auto policies share many similarities with personal auto in terms of coverages. The main coverages to look for in a commercial auto policy are:
Who Needs Commercial Auto?
Use your vehicle to transport goods
Let your employees operate vehicles
Have a vehicle registered to your business
If you answered yes to any of the above questions, then you need commercial auto coverage!
How Much Does A Commercial Auto Policy Cost?
So, let's crunch the numbers. What affects the cost of a commercial auto policy? Here's a few thing to consider:
1. Driving Records: If you or your drivers have a clean record, congratulations! You might be in for a smoother ride with lower premiums. It's like getting bonus points for being a responsible driver
2. Vehicle Types: The bigger and fancier your vehicles, the more you might pay, as they tend to cost more to repair or replace.
3. Business Location: If your business operates in a bustling city or a quiet countryside, it can affect the cost. Areas that are seen as less risky will tend to cost less than those that are.
4. Coverage Limits: The more coverage you want, the higher the cost. It's like choosing between a compact car and a luxury SUV – different features, different prices.
5. Mileage: The more miles your vehicles clock, the more you might pay. The way the carriers see it, the more time you spend on the road, the more time you have to get into an accident.
The DDA help you get the right coverage for your business vehicles! Call us at 404-947-5010 or start a quote yourself by clicking the link below.