What Should I Know About Commercial Auto Policies?
When selecting commercial auto insurance, you need to take inventory of all your vehicles and drivers. If they are being used for business purposes, they should be listed on the policy. Here’s a checklist of coverage types:
- Bodily Injury Liability
- Property Damage Liability
- Physical Damage
- Combined Single Limit (CSL)
If your drivers are independent contractors, not employees, you’ll probably need Non-owned Auto coverage. You may also be required to have additional insurance coverages, such as Employer’s Liability and Workers Compensation.
How Can I Get the Best Rates on my Policy?
Many business owners believe estimating miles driven is the best way to determine their commercial auto insurance premium. This is not true; insurers use other factors, such as your safety record and claims history, to set prices. Many state regulations also impact what you pay.
There’s a lot to cover in any Commercial Auto policy, but thankfully help is available. We specialize in helping you assess multiple carriers so you can get the best rates possible, and consultations are always free. Click below to connect with us and let’s get started!
