As a business owner, it’s your job to look out for the safety of your employees and of your equipment. One way that you can do this is through commercial auto insurance. This is a type of vehicle insurance that is similar to the personal auto insurance you use for your own car, but it is applied to cars, trucks, vans, and entire fleets used for business.
Why Is There A Need For It?
Many vehicles that are used for commercial purposes are excluded from personal insurance policies. A personal insurance plan was not designed to cover vehicles used primarily for business. That’s why there is a need for commercial auto insurance to cover this gap and ensure that all vehicles on the road are properly insured.
A Few Different Coverage Options
The coverage available with commercial auto insurance isn’t too different from the standard coverage options. For example, there is bodily injury liability coverage. This type of coverage will pay for any personal injuries or death that occur while you are in a vehicle and while you are at fault. Of course, this stems to employees of the business as well. Bodily injury liability coverage will often cover the costs of a legal defense as well.
There is also comprehensive coverage specifically for physical damage. As with personal auto insurance, this type of coverage protects you from loss because of theft, fire, vandalism, and other natural disasters. The number of incidents covered may vary from one provider to the next.
Protect Your Business With Commercial Auto Insurance
Whether you only have one company car or you have an entire fleet of service trucks, you need commercial insurance to protect your investments. Not only that, but it will protect your wallet in the case of an accident, bodily injury, or theft.
Great Northern Insurance Agency is located in Chicago, Illinois. They are an independent insurance provider. They offer various home and auto insurance policies for individuals and for businesses.
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