When you own a business, there are a variety of types of insurance that you might have to protect your interests. If your business utilizes vehicles of some kind, you will want to have commercial auto insurance as well. Whether vehicles are used on a regular basis, or just on occasion, it’s better to be safe than sorry. You will want to get the proper commercial auto insurance to cover all your bases.
The Point Of Commercial Auto Insurance
As a driver and vehicle owner, you know you have to carry auto insurance to drive legally. You also know if you get into an accident, your insurance will help cover any expenses you might incur. You could get your car fixed or cover medical expenses with that policy, for example. Commercial auto insurance is similar. It covers injures that employees or you may cause to other people or their property when they are driving. Typical policies include liability coverage, medical payments, comprehensive coverage, collision coverage, un or underinsured motorist coverage and more. Policies can differ based on your needs and they can also include coverage to vehicles you rent or borrow for the business or coverage for employees who are using their own cars for business.
What Are The Costs?
The costs for commercial auto insurance, similar to other car insurances, vary based on what you end up covering in your policy. You will want to include everything you might want and get a customized quote so you can figure out whether or not you want to take something out and save on premiums. You can also raise deductible prices to save on premiums if you want to go that direction. You definitely want to be covered in the best way for the safety of your business and its employees.
Hire Good Drivers First
The best thing you can do for your insurance and for the overall wellness of the driving aspect of your company is to hire good drivers in the first place. Develop a company policy for evaluations with a minimum three-year evaluation period. Establish guidelines for reporting violations and develop policies for personal use of company vehicles, which employees must sign. Provide driver training, but hire drivers with a good record and past upfront as well.
Figuring Out Commercial Auto Insurance
Insurance, while helpful if something happens, isn’t something you always deal with. It can be confusing and you may not always understand what you need or why you need it. You’ll want to be safe and secure within your business, which is why you need commercial auto insurance if you deal with any type of vehicles at all. Talk to the representatives at Nickerson Insurance Services to get a better idea as to what insurance coverage is available, what it all means, and what you need to cover your business. In the end, the decisions are up to you, but having the information you need can certainly help you down the right path.