Are you looking for different ways to ensure your commercial fleet is protected from costly repairs? Do you want to make sure that your drivers are protected from harm in the case of an emergency? If so, then your company needs to invest in commercial vehicle insurance right away.
This can help your company get its hands on auto coverage for any pressing need. It can help protect you from things like uninsured motorists, collisions, bodily injuries to your drivers, and so forth.
See below for an elaborate and complete guide to commercial vehicle insurance including what it is, the benefits of it, and what to look for in a commercial auto insurance provider.
What is Commercial Vehicle Insurance?
Some business owners make the mistake of overlooking their commercial fleet when it comes to insurance needs. If an emergency were to ever occur, you would need coverage to ensure your company doesn’t experience a financial setback.
The average estimate for a car accident repair cost was as high as $4,000. That’s a serious upfront cost for a company that’s without commercial vehicle insurance. Not to mention the penalties and fines you’ll receive for not having a provider (which is legally required).
So what is commercial vehicle insurance, really? As the name would imply, commercial auto insurance can provide coverage for any vehicle that your Raleigh-based company or your employees use for work.
In short, it can help offer you protection from many different scenarios, damages, or injuries that occur from a car crash, such as:
- Uninsured motorists
- Costly medical payments for employees and other parties involved
- Property damage
- Bodily injury
- Comprehensive physical damage & more
The key is to find a commercial vehicle insurance provider that offers you great rates, while also giving your company the protection it needs. If your current provider isn’t giving you the amount of coverage you require, it’s time to look elsewhere.
The Benefits of Commercial Vehicle Insurance
As you might expect, the benefits of commercial auto insurance can be quite substantial for your business. It helps you have more peace of mind, knowing your entire fleet (and its drivers) is covered. See below for some of the biggest benefits of finding a trustworthy commercial car insurance provider.
Picks Up Where Personal Car Insurance Leaves Off
Far too many business owners make the mistake of never purchasing commercial car insurance. They have the misconception that their personal car insurance will cover any emergency related to their vehicles.
They believe that car insurance applies to who owns the car. They think that, since the car is in their name, it would fall under the coverage of their personal car insurance policy.
However, personal auto insurance looks at the use of the car, not the ownership of it. If you’re using a vehicle for things like transporting equipment, hauling business-related shipments, or driving clients/employees around town, it needs commercial auto insurance coverage.
Don’t find this out the hard way. Invest in commercial vehicle insurance to guarantee that your next emergency is covered, regardless of the circumstance.
Wide Reach of Coverage
We all know the adage, “When it rains, it pours.” Most experienced business owners will tell you that’s exactly what happens when you experience a commercial auto accident: they come in waves.
Not only do they seem to occur in clusters, but they occur in many different ways. You could need to cover medical payments in one accident, then a desperate need to cover an uninsured motorist situation the next time around.
Fortunately, commercial auto insurance in NC has you covered, no matter the circumstance. As we highlighted earlier in this article, commercial vehicle insurance covers a wide variety of factors in its standard coverage options. You’ll have the protection you need.
Financial Peace for Your Company
Imagine the horror of finding out that one of your employees was at fault for a commercial car accident, and that your personal car insurance won’t cover it.
Unfortunately, this is a situation that many company owners experience. Thankfully, you can be proactive and invest in commercial vehicle insurance to protect your entire fleet, as well as those that drive it.
That way, you and your entire company will have financial protection. Remember, the more drivers you send out daily with a commercial vehicle, the more likely you are to experience a car accident. With commercial car insurance in place, you won’t be laying awake at night worrying about the safety of your staff.
How to Find a Trustworthy Provider
You understand what commercial vehicle insurance is. You understand how commercial car coverage will benefit you and your company. All that’s left is to learn what to look for in a provider.
First, you need to look for a provider that’s native to North Carolina. They’ll help you get a better understanding of local commercial auto laws and help you find the right amount of coverage. Not to mention, they’re a member of your community, so they want to help you thrive!
Also, make sure to learn the details of their comprehensive commercial auto insurance coverage, and receive commercial car insurance quotes from them.
Trust in Amistad Insurance for Your Commercial Vehicle Insurance Needs
Now that you have seen an in-depth article on commercial vehicle insurance and why your company needs it, be sure to use this information wisely.
Be sure to take the time and read this article for more information on North Carolina car insurance. There you will learn the requirements and coverage you should know about.
To get a quote, be sure to reach out to us by phone at any time, day or night, at 919-926-7166 and we will be happy to assist you further.
