Car accidents happen, and they can happen to anyone. However, things can get more complicated when an accident happens while you’re using your car for business purposes. In this blog post, we’ll discuss who needs commercial auto insurance and why it’s essential for protecting your business.
1. Small Business Owners
If you use vehicles to transport goods or people, you need a commercial auto insurance policy.
This type of policy can cover liability, collision, and comprehensive coverage for your business vehicles and employees.
It’s essential to ensure that your business has commercial auto insurance because in case of an accident, your personal auto insurance may not cover you or your employees. Plus, Business Owner Policies (BOPs) do NOT cover vehicles.
2. Large Corporations
If your company has a fleet of vehicles, it’s important to insure all of them with commercial auto insurance.
A company’s vehicles are essential for the business to thrive, and any damage to them can have severe economic consequences. That’s why commercial auto insurance is so important.
3. Independent Contractors
Independent contractors, including but not limited to delivery drivers, and other on-demand workers, need commercial auto insurance.
When an independent contractor is driving for work purposes, their personal car insurance policy may not cover them. Commercial auto insurance will cover the cost of repairing or replacing a damaged vehicle and cover legal and medical expenses.
4. Non-Profit Organizations
Even if your organization is non-profit, it’s vital to have commercial auto insurance for vehicles that transport people, supplies, and donation items.
A non-profit organization may be sued when one of their vehicles is involved in an auto Commercial auto insurance mitigates that risk, helping ensure that non-profits continue to pursue their mission with peace of mind.
Wrapping It Up
Commercial auto insurance is essential for anyone who drives for business purposes, regardless of the size of their company
Some types of protection available include liability, collision, and comprehensive coverage. To get started with commercial auto insurance, contact our experts today. We stand ready to help you build a policy that meets your needs.
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