Commercial Auto Insurance for Your Business
Commercial auto insurance is highly recommended to be purchased as it covers both general liability and physical damage of the vehicle. In the cause of an auto accident, whether you or your employee is at fault, having commercial auto insurance can help cover the cost of it. In addition to that, this coverage can also help pay for the physical damaged vehicle.
Most importantly, commercial auto insurance is to help protect business owners and their companies as well as the financial burden that may incur if an accident happens.
who needs commercial auto?
Basically, if you drive a vehicle for business purposes, having commercial auto insurance is important. Consider this coverage
If you own, lease, or rent vehicles
If you have employees who drives their own vehicles to run the business
If you have employees who operate leased, rented or owned company vehicles
You may need different levels of liability coverage depending on your business to ensure that you, your employees and your business are protected. Feel free to reach out to our BlueRock team for advise.
why do you need commercial auto insurance?
Commercial auto insurance is here to protect you of any auto accident when you are carrying out anything business-related. This includes running errands for your business, going for business meetings or delivering a huge amount of orders in your truck.
If you are using your auto to transport goods or people for a fee or to conduct a service, you may need a commercial auto insurance policy
Hauling a considerable weight in tools or equipment or towing a trailer used to conduct your business may require a commercial auto insurance policy
A commercial insurance policy may be needed if employees operate the auto or if ownership is in the name of a corporation or partnership
Commercial auto insurance
Commercial auto policy can be written as a monoline policy or be a part of a commercial package policy (CCP). If you are a small business owner, we can help you have this policy as as add-on to the Business Owners Policy (BOP) which may be more cost-efficient.
ANY QUESTIONS?
My personal item in my car just got stolen, does commercial auto insurance cover for it?
Unless your personal item is permanently attached to your vehicle, yes, our commercial auto insurance policy does cover it. I’m sorry but it doesn’t cover the brand new car seat you just bought.
How much will my insurance increase if my commercial vehicle is involved in an accident?
This isn’t guaranteed as there are other factors to determine if the rate were to be increased. An accident doesn’t affect the rate of your current policy but it may influence the rate when you renew your policy. Accident-related rate changes are determined by several factors such as who accountable for the accident and your accident history. Each time your policy expires, it is rewritten to reflect your current situation.
I was involved in an accident in my commercial vehicle but it wasn’t my fault, do I still have to pay for my deductible?
That depends. If the party at fault was insured, we’ll do our best to get it back from their insurance company. If they didn’t have insurance, we’ll attempt to get it directly from them.
If you are looking for commercial auto insurance in New York or New Jersey, feel free to reach out to us at info@hibluerock.com or call us at 718 886-6601. BlueRock Insurance Services is more than happy to help you out!
