Do I need commercial auto insurance?
You know you need auto insurance. But you might not know the right type of policy you need. Let’s start with the basics.
If you register a vehicle in your company name, you need commercial auto insurance. Even if that car is a sedan, van, or light pick-up truck.
If you register a vehicle in your personal name, but use it for business, you may still need a commercial auto insurance policy.
And even if you don’t own any vehicles, you may need a commercial auto policy! For example, if you rent or borrow any vehicles for use in your business, you’ll need a business auto policy.
See how commercial auto insurance claims could park your business
Knowing if you need commercial auto insurance is the first step. Making sure you have the right coverage in place to keep you moving is the next.
Average increase in bodily injury auto claim
payments from 2008-2017
Of all collisions were due to driver
action, attitude and behavior
What is (and is not) covered by commercial auto insurance?
While you may think commercial auto insurance covers everything under the sun that’s related to your company vehicles, that’s not necessarily the case. Commercial auto insurance has limitations, exclusions, and optional coverages you’ll want to know about before hitting the road.
What is typically covered?
Liability for bodily injuries or property damages- Physical damages to your company vehicle
- Medical payments
- Coverage if you are involved in a hit-and-run
- Coverage if you are hit by an uninsured driver
- Hired auto liability for accidents caused with rented vehicles (optional)
- Non-owned auto liability for accidents from your employee using their car for your business (optional)
- Glass or windshield replacement
What is not typically covered?
Business or personal property in your vehicle- Mobile equipment
- Intentional bodily injury or property damage
- Completed operations (the work you have completed)
- Towing (optional)
- Rental reimbursement (optional)
- Pollution
- Personal auto liability (optional for business owners)
Got commercial auto insurance questions? We’ve got answers.
We know company car insurance can be tricky. You probably have loads of questions, so let’s get you started on the basics.
What makes you different from any other independent insurance agency?
As a business ourselves, we understand what keeps you up at night, because in all honesty, those same things keep us awake too. Our goal is to help you sleep a little better, by providing a consultative approach to not just your insurance needs, but also many other areas of your business.
Our clients have access to an online HR platform to help you satisfy regulations and build templates for documents and forms you need in your business. We also provide an online risk services tool, which can supply you with safety tips, business assessments, and industry tips to keep your employees safe and productive.
Bottom line? You are more than just a client to us. We want to help you grow and thrive in your business, and we are always seeking ways to help you do just that.
Do you have other clients like me (in my industry)?
We love this question! And the truth is, no we don’t. We help many businesses, in many industries, some the same as yours. But none of our clients are just like you, as you have your own business philosophy and goals that are unique to only you.
But don’t let that scare you. We take a thorough risk management approach to every business we work with so that we can best understand your industry and your unique needs. Our team has 50 years combined experience and works with dozens of insurance companies so that we can customize a program to fit what matters most to you.
How do I know if I have enough insurance / the right coverages?
Great question! What is right for you and your business today might not be right for you a year from now. During our discussions together, we’ll ask you questions to help us get a good feel for your current situation so we can present you with options to fit your needs. And we’ll also present you with other recommendations to consider (perhaps commercial umbrella insurance, or cyber liability insurance).
Only you can decide what is the right coverage for your business. There are some minimum coverage recommendations we will make, but ultimately, it’s your call. Just don’t forget – as things change in your operations, your insurance should likely change as well.
How do you pick which insurance company to place me with?
We know that you have options when it comes to buying insurance. There are many insurance companies and even more insurance agencies to choose from. At Pacres Atil Insurance, we have access to dozens of insurance companies that deal with commercial businesses.
You should feel confident in that we only work with insurance companies that have a strong reputation, and an equally strong financial rating, so that we know they can pay your claim. We also find working with a good balance of both regional, national and speciality carriers allows us to customize the best insurance plan for you – both with good rates and great service.
After we’ve learned all about your business and your unique insurance needs, we’ll shop around to find you the best insurance company to offer a program customized to you and your business.
