You can be or employ the best drivers out there, but other drivers, weather and road conditions still put company vehicles on the road at risk. That’s why if your business depends on cars, trucks, or vans to carry out your day-to-day business, you need to protect your assets with a business auto insurance plan. Crossroads Insurance can help by tapping into our network of top-rated insurance carriers to help find your business the right auto coverage and pricing.
Who needs business auto insurance?
The obvious answer is if your business has company vehicles on the road – even if they are rented or leased, you need commercial auto insurance. But you might also consider coverage if your employees are driving their own vehicles around to conduct business for you. The reason behind this? If an employee is in an accident in their personal vehicle while doing business for you and they exhaust their personal liability coverage limit, the injured party can come after your business.
Can I pick and choose my commercial auto insurance coverage options?
Commercial auto insurance works very similarly to personal auto insurance. Most states will require that you carry at least a minimum amount of commercial liability insurance, however. Crossroads Insurance can work on a plan that includes your choice of the following coverage option:
- Auto liability
- Medical payments
- Comprehensive coverage
- Collision coverage
- Uninsured and underinsured motorist coverage
- Coverage for autos you borrow or rent
- Coverage for employees using their cars for the business
Can you use business vehicles for personal use?
Absolutely. However, if employees are using the vehicle outside of work, you may want to consider adding a policy enhancement that covers any family members that drive the company car. Crossroads Insurance can walk you through whether this is the best choice for your business.
What if I need a higher limit of business auto coverage?
Trucking companies or big fleets that are always out on the road need a little extra coverage than the normal businesses because maximum policy limits may not be adequate for your level of risk. We recommend you look at adding a commercial umbrella policy to your business insurance plan. This is a fairly inexpensive way to protect your business against injury and property damage.