Embroker Commercial Auto Insurance

Many states require that a commercial vehicle carry liability coverage, which covers the financial costs of bodily injury and property damage in the event of an accident. Additional coverage is available for more protection, including medical payments for injured passengers. A commercial auto insurance policy can also cover other important expenses like legal fees and lost wages. Some states even require that commercial auto insurance policies cover medical payments for their drivers. online auto insurance quotes

The benefits of commercial auto insurance can be substantial. It protects your business against liability and damages caused by third parties. This type of policy typically offers higher liability limits than a personal auto policy, which helps protect your business assets. It also protects the driver against injuries from pedestrians and property damage. In addition to protecting your business assets, commercial auto insurance plans also cover any type of vehicle.

Commercial auto insurance also protects your employees. Independent agents will help you meet state regulations and ensure the protection of your employees. Some policies also offer optional coverages, such as auto loan gap coverage, rental reimbursement, and new vehicle replacement. It’s important to discuss these options with an agent, as they can lower your rates and make them more affordable.

Commercial auto insurance policies cover multiple vehicles, including personal vehicles that employees use occasionally for business purposes. They may not provide coverage for family members, however. It’s best to work with an independent agent, who can recommend the best coverage and help you file a claim. Furthermore, using one agent for your business’s auto insurance can ensure that you’re protected at all times and avoid unnecessary duplication of coverage.

Commercial auto insurance companies perform an underwriting process to determine whether your application is approved. This process involves an evaluation of the risks associated with insuring a business vehicle and will determine your premium. In some cases, commercial auto insurance policies require you to designate a named insured or a permissive user for the vehicles. In some states, a permissive user can drive a covered vehicle if you have given them permission.

Commercial auto insurance policies are typically between $1000 and $2000 a year, or $80 to $160 a month. Commercial auto insurance policies also carry higher liability limits and usually cover multiple employees and vehicles. The price of commercial auto insurance depends on a number of factors, including the type of business, the type of vehicle, and the driving record of each employee. You should always get several quotes before settling on a policy.