Business Insurance

What Does Your Commercial Auto Policy Cover?

Posted by on Aug 15, 2016 in Business Insurance, Uncategorized | 0 comments

What Does Your Commercial Auto Policy Cover?

While you’re selective in choosing the people you hire, everyone makes mistakes.  Unfortunately, when someone is driving a vehicle owned by your company, you can be held responsible for those mistakes. Commercial auto insurance makes certain that your business assets won’t are protected when accidents happen. You count on a commercial auto policy to protect your business from liability risks that could be incurred when you or an employee gets behind the wheel for business purposes. In order to get the most from your commercial policy, you need to know what it covers, and more importantly, what it doesn’t. When setting up your commercial policy, it’s important to ensure that every potential driver who might get behind the wheel is listed on your policy. As new employees join your company, you will need to contact your insurance agent and make sure they are added to the policy. If anyone who is not listed as a driver gets behind the wheel, you run the risk of being denied coverage in case of an accident.  A commercial auto policy can and will protect all of the drivers in your business, but only if they’ve been properly added as insured drivers. Two of the most common types of commercial auto policies are: Fleet and Individual. Under an individual policy, a specific car owned by your business is covered for liability as well as other options you might choose. When you have a fleet policy, you will have a single policy that covers every vehicle owned by the company. Much like adding new drivers, you should be certain to add and remove vehicles as needed to keep your policy up to date. A commercial insurance policy covers you for property damage and injuries to others that occur as a result of the actions of a covered driver. This means that if your employee is found to be at fault in an accident, the commercial auto policy will kick in and protect your business assets in the event of a lawsuit for damages. Why does this matter? Because if you don’t have the coverage you need, your business could face financial ruin. When a business is involved, lawsuits are more likely; injured parties see the likelihood of a higher financial payout. Your commercial auto policy protects you from this sort of lawsuit, providing coverage for the liability you take on when you let employees drive your vehicles. A commercial auto policy also protects you from damage that can be done to the vehicles you own in the course of business use. Vehicles that are on the road more often-as many business vehicles are-are at a higher risk of being damaged. Your commercial policy protects you from errors made by your drivers, theft, vandalism, and other damage. For more information on commercial auto insurance or to schedule a review of your current policy, contact us today at: 661-235-5885....

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The Importance of Commercial Auto Insurance

Posted by on May 3, 2016 in Auto Insurance, Business Insurance | Comments Off on The Importance of Commercial Auto Insurance

The Importance of Commercial Auto Insurance

You have other insurance policies in place to protect your company from liability, fire, theft, and other potentially ruinous events.  Commercial auto is the policy that will protect your company when you or your employees are on the road. Whether your company has one car or a hundred delivery vans, there is a commercial policy that will suit your needs.  You can obtain individual commercial policies for each vehicle used by the company, or choose a fleet policy if you have more than a few cars. If you run a business that requires the use of vehicles for company activities, you need a commercial auto insurance policy.  Commercial insurance policies are designed to protect you against the wide variety of liability issues you face when you have employees on the road using your vehicles. Without a commercial auto policy, if an accident were to occur, you and your company will be held accountable for property damage and injuries.  Only a commercial policy can protect you and your business from financial disaster. For more information on commercial auto insurance, please contact Kathy Seifert (CA License 0H46706) at Key Partners Insurance Services, Inc. at 661-235-5885 or [email protected] Key Partners Insurance Services, Inc. is a full-service independent insurance agency located in Valencia, CA. Check Out Our Website! Follow us on Facebook Follow us on...

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