Business Vehicle Insurance
Your vehicles are critical to the success of your business. To successfully protect your business, it is important to have adequate commercial auto insurance. There are a number of different options to consider, including whether fleet insurance or per vehicle policies are the best solutions for your unique situation.
What is commercial use?
Your personal auto insurance will exclude coverage for commercial uses of your vehicle. That is why it is important to discuss your needs with us; so that in case of an accident, there is no chance of being uninsured.
The following can generally help lower the cost of your insurance coverage:
- Anti-theft and safety devices: Items such as alarms, GPS tracking and air bags can lower your premiums. In addition, programs that require seat belt usage can also help reduce your costs.
- Deductibles: Deductibles represent the portion of risk you are willing to absorb before the insurance company would pay on a claim. The higher the deductible, the lower your premiums will be.
- Driver records: By hiring only qualified drivers with safe driving records, you can significantly reduce your premiums.
- Location: This determines premiums for the theft portion of your insurance coverage.
- Vehicles: Generally, the sportier the car, the higher the premium. By having 5-star safety-rated vehicles, you can significantly reduce your premiums.
Other Considerations
Certain types of businesses are subject to federal and state regulations in the operation of their vehicles. It is important to fully understand those regulations. In addition, it is important if your company will be using third-party equipment, such as leased or rental equipment. If so, you will need non-owned vehicle coverage. We are happy to help you ensure you are in compliance and have the appropriate level of coverage for your business.
Take the Next Step
We are here to help guide you through the different options available. We specialize in helping businesses with their insurance and risk management programs. Contact us today for a no-obligation review.
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