Do You Have Proper Commercial Auto Insurance?

When it comes to running a business, ensuring that your vehicles are properly insured is crucial. Commercial auto insurance is vital to protecting your company’s assets and financial stability.

Depending on your situation, your agent may suggest the following core commercial auto insurance policies:

• Liability coverage—This is essential as it may help cover bodily injury and property damage that you or your employees may cause to others while driving a company vehicle. Your business could face significant financial losses from lawsuits and medical expenses without adequate liability coverage.
• Physical damage coverage—This includes collision and comprehensive coverage. Collision coverage may help pay for damage to your vehicle resulting from a collision with another vehicle or object. Comprehensive coverage may help protect against non-collision-related incidents such as theft, vandalism or natural disasters.
• Uninsured/underinsured motorist coverage—This may help financially protect you if your vehicle is in an accident with an at-fault driver who has no insurance or insufficient coverage.

Evaluating Your Coverage Needs

Your agent can help you determine which policies and endorsements may provide appropriate financial protection for your company.

If your company transports hazardous materials or uses heavy machinery or semis to conduct business, you are likely subject to federal insurance regulations requiring higher amounts of liability coverage.

Regularly Review and Update Your Commercial Auto Insurance

Reviewing and updating your commercial auto insurance coverage can help you maintain appropriate coverage, even as your company’s needs change over time. You may need to adjust coverage limits, add vehicles or change insurers to get favorable rates.

Contact Us

Contact Castillo Insurance & Income Tax Service in Balch Springs, TX, for a commercial auto insurance quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.