Any business that depends on a vehicle needs a good solid commercial auto policy. This will cover medical expenses for you or your employees and the vehicle in the event of an accident. Most commercial auto insurance policies have greater liability limits that personal auto insurance coverage.
But what exactly factors into your commercial auto policy? Here are a few things:
Your location
What your commercial auto(s) is/are carrying, and if hazardous materials are being transported
Ownership of vehicles
What safety devices are installed, such as anti-lock brakes, air bags, seat belts, etc.
Features such as alarm systems, GPS, professional locks, etc.
Maintenance of the commercial vehicles
Where the commercial vehicle is kept parked
The regular weather conditions of where you are located
Previous insurance claims
The extent of coverage you're looking for
The added safety features, good maintenance, and parking indoors will lower your premium, as will raising your deductible. You can also get a discount by combining your commercial auto policy with your other business policies - it pays to use the same insurer for everything.
For more information on commercial auto insurance, contact us today! We're Podmaska Insurance, an independent insurance agency based in Providence, Rhode Island. You can also visit our website for a free commercial auto insurance quote!
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