As a business owner, each day that you or one of your employees drives a vehicle during business hours, you are at risk of suffering a claim when someone gets involved in an accident. Auto accidents involving business vehicles often lead to lawsuits because those suffering damages or injuries believe that company’s have much deeper pockets than individuals.
Commercial auto coverage from Los Angeles insurance brokers can offer benefits that are exclusively for their business customers. With commercial auto, you’ll often have the protection you need for your business regardless of who is behind the wheel. If you operate a business and it involves transporting people or goods from place to place you badly need this coverage.
Business auto can save you from headaches
Most states require that you purchase liability insurance for bodily injury and property damage that may result from a vehicle accident occurring while you or someone from your organization is driving on business. This is the case even if they are driving their own personal vehicle. Most personal auto policies have limits on what they will pay in the event of an accident and your business auto policy will make up the difference.
Many states also require you to have uninsured/underinsured motorist coverage and/or medical payments coverage (known as Personal Injury Protection (PIP) in some states). You can also purchase physical damage coverage for vehicles your business owns, leases or hires. Each vehicle used by your business can be separately “scheduled,” or listed on your policy along with corresponding coverages.
Speak to your insurance agent in detail about how you use these vehicles on a daily basis for business purposes. This includes who will be driving them, whether you own, rent or lease, and if you or any of your employees will likely be driving their own cars for company needs. The answers to these questions will help to indicate what are the exact types of coverages you’ll need.
If a very serious accident occurs, one with a number of people injured, having only a personal auto policy will probably not be enough to cover the damages. In this case, the injured parties would likely sue to collect damages from your business, which is why commercial auto from a Los Angeles insurance agency is suggested.