Commercial Auto Liability Coverage
What is Commercial Auto Liability Coverage?
Commercial Auto Liability Coverage provides protection for any company owned or leased vehicle. Polices can cover collision and damage protection, as well as coverage for property and personal injury.
Why do I need Commercial Auto Liability Coverage?
Just as you would have personal auto insurance, you will need policies to cover your pool of commercial vehicles. In the event that you or any of your employees are in an accident while driving a company vehicle, you will need to be covered should there be any damage or injury to all parties involved in the accident. It is especially important when it is a business vehicle, because if there is a lawsuit involved, the suing party may be able to go after your company’s assets, leaving you in a very tenuous position.
What are the basics of Commercial Auto Liability Coverage?
When you are looking for commercial auto coverage, you will find that a lot of the same principles apply which would also apply to buying personal auto insurance. You will want to make sure you have the right amount of coverage in six basic areas. These include:
• Bodily Injury Liability
• Personal Injury Protection
• Property Damage Liability
• Collision
• Comprehensive
• Uninsured Motorists.
For more information about commercial auto liability coverage and other types of policies, please complete an online insurance quote at PoliSeek.