Protect Your Vehicle: Commercial Insurance for Business

​If you're trying to get auto insurance coverage for your business, it's crucial first to learn the fundamentals of a commercial auto policy. Knowing the essential elements of this type of insurance will be much easier for you to determine what coverage you need and make the right choice.

What Is Commercial Car Insurance?
There can be no doubt that commercial car insurance and personal car insurance are interconnected in many ways, as both aim to protect your vehicle. But commercial auto insurance can be differentiated simply because it's specifically designed for cars that are utilized for business purposes.

Commercial car insurance's policy mainly revolves in covering the physical damage and liability for amounts, situations, and usage that aren't commonly found in personal auto insurance. It can protect vehicles you obtained using your business funds or a private car you also use for business.

What Does it Cover?
In terms of coverage scope for a commercial auto insurance policy, it varies in many ways. It can either be broad or narrow, as it depends on the terms of your policy choice. For instance, it may only cover a specific vehicle that you operate in business. Your policy could be written to apply your name and cover any liabilities from any of your business autos in a much broader scope. 

• Bodily injury liability coverage - covers pay for bodily injury or death caused by an accident that you're found at fault. It can also provide you legal defense.
• Property damage liability coverage - this policy will give you the needed protection if your vehicle damages a third party's property. It'll also cover your legal defense fees.
• Combined single limit (CSL) - this type of liability policy aims to separate limits that apply to bodily injury claims on property damage.
• Medical payments, no-fault or personal injury coverage – it covers medical expenses of the driver and passengers that were injured due to covered neglect.
• Uninsured motorist coverage – it is a type of liability policy that pays for your injury caused by an uninsured, underinsured, or a hit and run driver.

How it Works
Generally, what commercial auto insurance provides to you is to help protect you from vehicle-related business issues that need to be settled. It can both include coverage for liability and collision damage. Another catch is that your coverage limits to liability may be higher than a personal auto insurance policy.

Conclusion 
In pursuit of solidifying protection to your business, you may need a commercial auto insurance policy to ensure your liabilities beyond your premises. With these considerations in check, we hope that the article has given you a good outlook on the essential guide to protecting your business vehicle.

At Synergy Insurance Group, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (763) 797-9999 or Click Here to request a free quote.