If your employees do any amount of on-the-job driving, it’s time to take a hard look at your insurance coverage. You don’t have to have a fleet of company cars to purchase commercial auto insurance; in fact, even if your employees are using their own vehicles for job-related tasks. It’s in your best interests to make sure they’re covered with insurance of your own. Investing in a solid car auto insurance policy protects you and your employees in case of accidents, and if something catastrophic happens. That policy can also protect you from potentially devastating financial losses.
A Crucial Layer of Protection
Commercial auto insurance policies typically include liability, comprehensive, collision, uninsured/under-insured motorist, and medical payments coverage. Depending on your policy, you can also ensure that employees who use their own cars or trucks for work are covered. Even rental cars you or your employees use should be covered too. It’s a safeguard against accidents, a wealth of peace of mind, and an investment in your business’s future. It can make all the difference in your fiscal numbers if something catastrophic does happen. If you’re not sure whether your existing insurance policy covers employees who drive as part of their job; take the opportunity to make sure you have the coverage you need now. No matter what your budget looks like, this is not something you can afford to overlook.
When Accidents Happen, Make Sure You’re Covered
Commercial auto insurance also gives you a layer of protection against lawsuits; In case your employees are in an accident or cause damage while on the job. It’s always smart to cushion your pocketbook from potentially enormous losses in case of a worst-case-scenario type of situation–and even if you have stellar employees with a pristine safety record, accidents do happen. Make sure that when on does, it’s not catastrophic for your budget or for those you employ. If you run a landscaping company, for example, and an employee backs your truck through a garage door into a client’s Mercedes… you want to make sure you’re covered so those costs won’t come straight out of your budget.
In addition to liability coverage, the typical business auto insurance policy also covers risks like:
- Comprehensive auto coverage
- Collision coverage
- Medical payments coverage
- Rental car coverage
- Coverage for employees who use their own cars for on-the-job tasks
Of course, every policy varies, and your perfect policy should be built just for you based on your coverage needs, your risks, and concerns. Don’t hesitate to ask what is and isn’t covered when you’re exploring your options; there are no stupid questions when it comes to making sure you have the protection you need to get the job done!
Why is the Right Business Insurance Coverage Important
Bare-minimum coverage for your business or company car insurance isn’t necessarily better than nothing; you need deductibles that won’t break the bank and a policy designed for the way your company operates. You deserve to have high expectations here. When shopping around, make sure any agent you talk to takes the time to learn about your business, your employees, the type of driving and work you do, and potential risks of the job. They’ll be able to customize a commercial vehicle insurance plan that gives you the best protection possible and actually fits your needs. So, if you have a sneaking suspicion that your existing insurance just isn’t going to cut it, it’s time. Pencil it into your calendar and start looking into your commercial auto insurance options now. It’s a choice you won’t regret.