See more on Commercial Auto Insurance here. If you are looking at Commercial Auto Insurance for your company then consider a few things. This being that not should not only take auto insurance but also other insurance for your business to bring down the overall cost of your insurance. This was explain in the Business Owners Insurance packages.
Commercial Auto Insurance
Auto Insurance for a company is best covered by a package as your workers might known over someone in the course of business. Not only do you need to cover the cost of the accident. But also the cost of the liabilities which arise such as negligence on the part of the company. See also the Hawaii Auto Liability Insurance and Arkansas Public Liability Insurance.
Best thing to do is to speak to your Geico insurance agent about a package such as general liability insurance, auto insurance and topup insurance. If you view your industry as high risk. These will not only bring down the overall cost when making a combination. But is also more easy to manage if something does go wrong.
What does Commercial Auto Insurance cover?
These are only the basics and you will need to speak to an insurance agent for more assistance and advice. You will also need to look at the policy itself. Then take the appropriate advice on what best will suit you. Most states in the US require this coverage on all cars. The liability varies and some are more stricter than others when it comes to the amount of auto insurance coverage you should legally have. See also the Geico Commercial Insurance as well as Geico Agents in Alabama.
- Bodily injury liability coverage – this pays for all bodily injuries or a death resulting from an auto accident for which you are at fault and which will in most auto accident cases provide you with a legal defense.
- Property damage liability coverage – a mandatory requirement by most states in the US which provides you with protection if your car accidentally damages another person’s property and in most cases provides you with a legal defense.
- Combined single limit (CSL) – this is a liability policy which typically offers separate limits that apply to bodily injury claims and also property damage. Speak to an insurance agent about this.
- Medical payments, no-fault or personal injury coverage – this will usually pay for the medical expenses of the driver of the car. This as well as the passengers in the vehicle incurred as a result of a covered accident regardless of fault.
- Uninsured motorist coverage – this is also mandatory in the US and pays for your injuries. In some circumstances, certain property damage caused by an uninsured or a hit-and-run driver. In some cases, underinsured motorist coverage is also included. This is for cases in which the at-fault driver has insufficient insurance.
- Comprehensive physical damage coverage – pays for damage to your vehicle from theft, vandalism, flood, fire, and other covered perils.
- Collision coverage – pays for damage to your vehicle when it hits or is hit by another object.
Speak to a Geico insurance agent before you agree or sign any documents. This as it is always best to speak to an industry professional before making any changes or agreements. Likewise which might leave you without cover in the end. See also Wyoming Car Insurance.