Commercial Auto Insurance

Family businesses form a cornerstone of the U.S. economy and many communities nationwide. However, as your loved ones and staff work together to enjoy prosperity and growth, you must also account for things that could go wrong, especially when using motor vehicles. Automobiles involve significant risk levels and even the most experienced businesses must take precautions. Understanding how to get the right commercial auto insurance is key to offset those risks and exposures.

What is Commercial Auto Insurance?

These policies may include many financial protections and features with which you may already be familiar through your experience with personal auto coverage. However, this type of auto insurance is tailored specifically toward the needs of your family business, often including higher coverage limits and protection for multiple vehicles.

What Does My Policy Cover?

The coverage capabilities of your commercial auto insurance can vary significantly depending on your policy selections and priorities. Many family businesses may choose to include the following protections in their policy:

• Liability coverage may help offset other parties’ losses if you or your employees are at fault for an accident.

• Collision coverage may offset repair costs following a crash.

• Comprehensive coverage may cover damage sustained from fires, criminal activity and severe weather.

• Personal injury protection may compensate employees and passengers injured in accidents regardless of fault, such as for resulting medical bills and lost income.

• Uninsured/underinsured motorist coverage may compensate your business for losses even if the liable party lacks sufficient insurance.

Who Needs Coverage?

Commercial auto insurance is legally required for many businesses throughout the United States, including those based in Texas. You must show proof of coverage when registering your business’s automobiles with the Department of Motor Vehicles. Exact requirements may vary depending on vehicle specifications and other details of your operations.

How to Get the Right Policy

Working with a knowledgeable and qualified insurance professional can help your family business find the right coverage at an ideal price. Contact the team at Family Affordable Insurance today to learn more about commercial auto insurance options or to compare personalized quotes.