Commercial vehicle insurance: Protection for your business
If you run a business the uses commercial vehicles, having commercial vehicle insurance is vital to protecting your financial interests as well the health and safety of your employees. As a business owner, you have control of the day to day operations of your company, but you can’t control what happens when your vehicles are on the road. Your drivers face any number of potentially dangerous driving situations on the job — hazardous road conditions, weather, mechanical failure, or other drivers’ negligence. Without commercial vehicle coverage, you open up yourself and your business to liability issues that could really affect your continued success.
Types of insurance coverage for commercial vehicles include:
- Bodily injury liability
- Property damage
- Comprehensive
- Collision
- Medical payments
- Personal injury protection (PIP)
- Uninsured/underinsured motorist
Each state has its own commercial vehicle insurance requirements. They determine the minimum amount of bodily injury and property liability coverage that your business must carry as well as any additional types of coverage.
What works for your business?
The type of commercial vehicle coverage you need depends on the type of vehicle(s) used in your business, how they are used, and who is driving them. For example, do you use the vehicle for business as well as personal use? Are you driving the vehicle or is it being driven by an employee? Are your employees using their own vehicles?
Whether your business uses a car or SUV, a van or pickup truck, or you own a whole fleet of trucks, you have to have a commercial vehicle insurance policy that offers the best protection for you and your business. There are a lot of insurance carriers to choose from, so you have to do a lot of comparison shopping to get the policy and premium rate that fits your needs and your budget.
An insurance broker for your business
An insurance broker can save you a lot of valuable time by doing the shopping for you. Independent broker and agent, Daniel Fraisse, has been doing just that for over 30 years, forging relationships with many insurance companies including Progressive, State Farm, and The Hartford, to name just a few. But, more importantly, Dan works for you, not any one carrier.
Dan is very knowledgeable about state and federal insurance requirements for commercial vehicles, and different coverage options that are available from competing insurers. After comparing premium prices, deductibles, and other policy features, he’ll come up with plan that’s customized to fit the needs of your business.
Call or click today to find out what Daniel Fraisse can do for your business.