Does your organization have employees that use cars, trucks or any other type of vehicle while conducting business for you?
If so, you may need to consider and compare commercial auto insurance – even if you are a small or home-based business. Depending on your personal auto insurance or your employees’ personal policies to provide coverage is probably not a good idea.
Assuming personal insurance will provide coverage can lead to serious consequences. At the least, personal policies do not cover and protect inventory or customers’ property which you may be transporting. At worse – in a serious accident, your insurer may find you misstated your application and refuse coverage. Scenarios such as this can ruin a business.
Business auto insurance may really necessary to protect your business assets and keep your vehicles on the road when an accident happens.
Certain requirements must be met for a vehicle to be considered and insured as a “commercial vehicle”. The best way to learn what these requirements are in your particular location is to sit down with two or more certified agents and get their recommendations.
The agents will let you know the type of coverage you need and should ask details about several risk factors, including:
• Who are the drivers?
• What is their age?
• What is their driving record?
• Do they have an active license?
• What type of vehicles are you using?
• What is their make and year of the vehicles?
• Are there any past claims?
• What is the likely of it being stolen?
• Does the vehicle have security devices?
• What is the annual mileage?
• Does it carry cargo?
• What type of material is carried?
With answers to these questions, and others, the agents should provide with quotations. Use these to compare coverage and costs. After you compare commercial auto insurance quotes, you will be able to get the best coverage at the lowest cost for your business.
http://www.public-liability-insurances.com
