If you use vehicles to conduct business, chances are good that your personal auto insurance doesn’t offer enough coverage. In this post, we take a closer look at commercial auto insurance, a type of policy designed with the needs of business owners in mind.
Who Needs Commercial Auto Insurance?
In most states, all vehicles owned by a business are required to be covered by commercial auto insurance This includes trucks, vans, SUVs, cars, pickup trucks, and other types of vehicles.
Some examples of businesses that use commercial auto insurance include:
- Contractors
- Manufacturing companies
- Catering companies
- Delivery companies
- Construction companies
- Realtors
- Sales representatives
Keep in mind that your Business Owner Policy (BOP) does not cover your vehicles, so it’s extremely important to get separate coverage for these crucial assets.
Finally, according to the Insurance Information Institute, “Most states require you to purchase liability insurance for bodily injury and property damage that may result from a vehicle accident occurring while you or someone from your organization is driving on business.”
The Coverages of Commercial Auto Insurance
While the specifics may vary according to the company, your typical auto insurance company includes the following components:
- Liability: Pays for bodily injury or property damage you may be responsible for as a result of a covered accident.
- Medical payments: Covers medical expenses related to covered accidents for you, your employees or other passengers.
- Collision coverage: Offers financial protection if you hit another vehicle, another vehicle hits you, or if your vehicle rolls over, regardless of who is at fault.
- Comprehensive coverage: Pays for damage to your vehicle arising from accidents other than collisions, for example, theft, vandalism, or fire, among others.
Need Commercial Auto Insurance in Houston, Texas? Contact BZ Bee!
Whether you need insurance only for a set number of years or want lifelong coverage, the experts at BZ Bee insurance are here to help you find the policy that makes sense for you.
We are located in Houston, Texas, and serve clients all over the Lone Star state. To get a free quote, just contact us by email (ayalamariaeugenia@yahoo.com) or telephone (832-729-8114), or fill out the contact form on this website.
