As a business owner, you must do everything in your power to protect your business’ assets. In order to receive the peace of mind knowing everything is adequately secure, you must obtain the necessary insurance policies to cover your business procedures. If your organization’s business transactions depend on the use of company vehicles or employee-owned vehicles, you must purchase a commercial auto insurance policy.
You Need a Commercial Auto Insurance Policy If…
- A vehicle is used to conduct business duties
- Your business involves picking up passengers or clients
- Your business involves delivering goods or services in a vehicle
- Your business owns or leases a vehicle or fleet of vehicles
- Your employees drive company-owned vehicles to perform work duties
- Your employees use their own vehicles to conduct business duties
Common Coverage Options for a Typical Commercial Auto Insurance Policy Include:
- Bodily Injury Liability Coverage – Coverage in the event that your company is found to be at fault for an accident. In most cases, this will cover legal defense costs.
- Property Damage Liability Coverage – In the event that one of your company vehicles damage any property, this coverage will kick in. Legal defense will likely be included in this coverage option.
- Combined Single Limit – This will allow you to apply unique limits to your property damage coverage and your bodily injury coverage.
- Medical Payments Coverage – This will cover the medical expenses of an injured employee or passenger from an accident in your company vehicle.
- Uninsured Motorist Coverage – This will provide coverage when an uninsured motorist causes an accident.
- Comprehensive Physical Damage Coverage – Provides coverage against theft, vandalism, flood, fire, and any other covered peril.
- Collision Coverage – Provides coverage for any vehicle damage caused by hitting another object.
At Weaver & Associates Inc., we understand the importance of protecting your business’ assets. Contact us today for all of your Arcadia, California commercial auto insurance needs. We can help you in updating your policy each year so that your business’ needs are always met.
