Commercial Auto Insurance 101
Most businesses in the United States are considered small businesses. Running a successful small business can be difficult, and can be made even harder if you face an insurance claim. Knowing that your small business is protected with the right insurance policies can help to give you the peace of mind that you deserve as a small business owner.
One of the most overlooked insurance policies for small businesses is commercial auto insurance. Since you may not have a fleet of trucks to insure, you may assume that your existing auto insurance coverage is providing enough protection. However, personal auto insurance policies typically exclude any business use of your vehicle, which can lead to a denied claim. Having your auto insurance claim denied can lead to serious financial strain on your small business.
Unlike auto insurance coverage that typically covers personal vehicles like cars. Commercial auto insurance is a type of insurance policy that covers physical damages to business vehicles like cars, vans, and trucks.
There are two main types of commercial auto insurance to consider when choosing a policy. If you have any vehicles that are mainly used for business purposes, you will need a standard commercial auto insurance policy, which will provide coverage for any damages caused to the vehicle during an accident, as well as third-party injury claims. If your employees use their vehicles for any business purposes, you will need a non-owned car liability policy. Talking with your insurance agent will work to ensure that you find the right policies that will work best for your specific needs to ensure that you have the coverage that you and your employees deserve.
Contact the insurance professionals at Velox Insurance in Atlanta, Georgia for all of your commercial auto insurance needs. We will work closely with you to make sure that you have the right policies for your business, all at the right price to fit your budget.