Commercial Auto Insurance 101
As a business who operates with the assistance of commercial vehicles, it is imperative that you obtain the necessary insurance protection so that your biggest investment can remain secure. While you may be inclined to assume that your truck will be covered under your personal auto insurance policy, this is simply not the case.
Businesses that likely need a fleet insurance policy include street sweepers, caterers, delivery services, rental car companies, door-to-door sales, sanitation departments, and many more. Since fleets need more protection, it is recommended that you alter your commercial auto insurance policy to accommodate for the increased commercial traffic, by making these adjustments:
- Since you have more team members driving your vehicles, it is wise to increase your liability coverage limits. Liability risks are present at all times, so it is important to take preventative measures against the uncertain.
- Likewise, it is important that you increase your physical damage coverage to account for the extra hands on deck.
- Most importantly, invest in roadside assistance coverage. If one of your commercial vehicles break down and become stranded, you will want the situation handled immediately, and this coverage will assist in doing so.