Accidents Will Happen, But Planning Ahead Protects You & Your Business
Although most of us worry more about our airplane going down than crashing our car, recent statistics show that one out of every 16 people will be involved in an automobile accident. This is due, in part, to the fact that more than 250 million registered vehicles are on the road today. That’s a lot of traffic! Is your business covered?
Commercial auto insurance protects your business against financial loss if you or an employee has an accident while driving a company vehicle, whether a car, truck or van. This policy is designed to protect your business in the event of accident, theft, injury and/or other damages involving business vehicles and staff. Such a policy also comes into play if an employee is driving his or her own vehicle or a rented vehicle for business purposes. The policy is a contract between your business and the insurance company whereby you pay the premium and the insurance company agrees to pay any incurred losses as defined in your policy.
Commercial auto insurance provides property, liability and medical coverage as noted below:
Physical damage pays for damage to or theft of your vehicle.
Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
Medical coverage pays for the cost of medical treatment, rehabilitation and sometimes lost wages and funeral expenses.
The minimum auto coverage requirements vary from state to state. Our knowledgeable agents can advise you about these requirements and ensure that you and your employees are adequately covered.
Insurance Inc also helps to administer the acclaimed “FleetGroup” program, specifically designed for small to medium fleets of passenger and commercial vehicles of less than 10,000 lb GVW, where the ability to add or delete vehicles on-line, and have instant accident management, at extremely competitive rates. The FleetGroup program is utilized by many major leasing companies and by many smaller companies where a complete “end to end” package, reducing fleet managers’ involvement is needed.
For questions about your current auto policy, call us today at 410-753-1900.
