According to the U.S. Department of Transportation, more than 5.6 million car accidents happened in 2012. When your employees and your company vehicles are on the road, that’s a nerve-racking statistic! Commercial Auto Insurance is designed to give you some peace of mind.
Whether your company utilizes a fleet of trucks or simply an individual vehicle, commercial auto insurance is a necessity. Even if your company doesn’t have official company vehicles, you could be liable for accidents caused by your employees if they are driving their personal vehicles for business purposes.
Understanding Commercial Auto Insurance Terms
Researching the best commercial auto insurance for your needs can seem like an overwhelming task. Understanding the most important terms will help you get started.
Bodily Injury and Property Damage Liability provides coverage for other drivers’ injuries and property damage caused by a covered company employee.
Personal Injury Protection / Medical Coverage provides protection for injuries sustained by your employees in the event of an accident.
Collision Coverage protects your company vehicle if the driver causes an accident.
Comprehensive Coverage protects your vehicle in non-collision circumstances, such as fire, theft, vandalism, and storms.
Uninsured/Underinsured Motorist Coverage makes sure your employees and company vehicles are covered if someone who does not have adequate insurance coverage hits them.
Employer Non-Owned Car Liability Coverage protects you and your company if an accident happens when one of your employees causes an accident when driving their own vehicles to conduct company business. Without this coverage, you are only covered when an employee is driving a company-owned vehicle.
How To Find the Right Coverage
At BenefitSource, we specialize in helping our clients find the coverage that fits their needs and their budget. Call us directly at (877) 215-5431 or email us to set up an appointment to discuss your commercial auto insurance needs.
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