Commercial Auto Insurance
Who needs Commercial Auto Insurance?
Commercial auto insurance is a necessity for companies that use cars, trucks, or vans to run their business operations. Accidents occur under the best of circumstances, and if a company is not prepared, the financial impact can be devastating. In addition to the immediate costs of repairs and medical bills, there are also potential legal fees and increased insurance premiums to consider, which can further strain a business's finances.
What does Commercial Auto Insurance Cover?
GNY’s commercial auto insurance covers vehicles owned, leased, or rented for business use. A policy protects business assets against a variety of claims, ensuring that companies can continue their operations with minimal disruption. This coverage can also contribute to a business's reputation by demonstrating responsibility and a commitment to safety.
COMMERCIAL AUTO INSURANCE COVERAGE HIGHLIGHTS:
- Liability – coverage for bodily injury or property damage to others while operating a covered vehicle
- Medical payments – reimbursement for medical expenses incurred by drivers and passengers as the result of a covered accident
- Uninsured/Underinsured motorist – pays the insured the amount entitled to for bodily injury or property damage caused by an uninsured or underinsured vehicle owner
- Collision – pays for a covered vehicle’s losses as a result of a collision with another object
- Comprehensive – pays for losses except as a result of a collision
Contact your independent broker to assess your business risk and determine if commercial auto insurance coverage is needed. An expert can help tailor a policy to meet specific needs, providing peace of mind.