If you run a business with a fleet of vehicles then they are going to be one of the top priorities for your company. They allow your employees to venture out to jobs and form the lifeline of their daily work.
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To ensure that they are always in tip-top condition no matter what happens, you are going to want to take out a commercial auto insurance policy to ensure that they are protected at all times. Here are some of the key features of such a policy which you should ensure yours has.
Comprehensive Coverage
While your employees may already have this in their personal car insurance, it is also wise to find a policy which covers it for commercial purposes. Comprehensive Coverage protects your vehicle against minor mishaps which might occur in its everyday life.
From damage from falling trees to overheating on a hot day, this is the section that keeps the vehicle safe and ticking over. There are some exclusions to a comprehensive coverage policy and you need to make sure that you know exactly what they are.
Collision Coverage
Accidents happen all the time. You could be the most careful driver in the world but you still cannot account for other drivers or perilous driving conditions like ice or snow. Collisions happen every day and a totaled vehicle may, unfortunately, put you out of work.
Collision coverage, however, can help with this. The insurance company should be able to give you at least part of the finance required to buy a new vehicle or fix it if it is indeed salvageable. It is a very important policy and should be a must for everyone searching for commercial auto insurance.
Property & Bodily Damage
As a tradesman, it is very important that you have some sort of auto liability insurance that protects your vehicle from claims for property or bodily damage from clients. Picture the scene, you have finished the job and you are preparing to back out of the driveway when you accidentally hit the client’s dog with your vehicle. You hurriedly drive forward again and now hit their garage, causing damage to the door. They sue you to cover both the vet bills and the cost of repairing the door.
Auto liability insurance, like the policy included in the commercial auto insurance at Next Insurance, is an essential policy if you are regularly visiting client’s homes. Accidents can occur in the blink of an eye and one bad claim could put you out of business. Make sure you have some sort of auto liability clause amongst your insurance details, so you are protected from these claims.
Of all the insurance clauses out there, these are the three ones most essential to you. Take a look through the various policies and decide which are right for you. However, no matter which ones you choose, you should always go for a policy which includes the three listed above. With them on your side, you know you and your vehicles are well-protected.
