Much like personal automobile insurance, commercial auto insurance is a necessity for protecting your business from the financial hardship of damaging or totaling a company-owned vehicle. Today, many types of businesses routinely use company vehicles. From landscaping and plumbing businesses to companies that purchase vehicles for the use of their top employees, these companies must ensure that they have the proper insurance policies in place to protect themselves.
What Is Business Car Insurance?
Comprehensive business car insurance covers costs for repairing or replacing a vehicle that was damaged from acts of nature, theft and similar issues while in the use of your company. In addition, you can add liability coverage in case a company-owned vehicle hurts someone else or causes property damage. You may also wish to include collision coverage, which covers repairs and replacement for vehicles should they be harmed in an accident caused by the driver. You can even add glass repair or coverage for electronic devices left in the vehicles among other options for financial protection.
When Do You Need Business Auto Insurance Coverage?
This type of insurance is not for private vehicles that your employees drive to work and park in your lot. Instead, it is used to cover vehicles that are owned or leased by your company. In some circumstances, these policies can also cover vehicles that are hired for short-term events by your company or that are borrowed from private citizens. It may also cover privately owned vehicles if you are having your employees drive their own vehicles for work-related tasks. In addition, this coverage is needed only on vehicles that you plan to drive on public roads.
Find Business Auto Insurance Policy Options Today
Because commercial auto insurance is not a one-size-fits-all policy, you should find coverage that is uniquely designed for your business. At Truliant Insurance Services, you can compare polices and learn about business auto insurance costs from over 40 A-rated insurance companies. We encourage you to take care of the investments you have made in your company vehicles and get a quote today, by calling 1-844-267-1698.