Business Auto Insurance Call 931-552-4066
Are you a small business owner or plan administrator? We’ll work with you on competitive commercial coverage plans.
Business Auto Insurance, Another term for commercial vehicle insurance.
If you own a business, it’s important to match the insurance you carry to the company you keep. Doing so can save you time and money down the road.
Business auto insurance can be especially important, so if you’re not sure what kind of Commercial auto coverage you need, you may want to talk with an independent agent who specializes in that particular area. We work with you to put together a package that provides the protection that’s right for your business.
“Anyone who owns a business with a Business auto Insurance needs to have coverage that is appropriate for the industry and the size of the business.” An independent agent who specializes in commercial auto coverage can provide business owners with the kind of advice they need to make the right choice.
Here are some tips to help you find a Business auto insurance agent:
Get objective advice. There are different types of insurance agents. A captive agent represents only one insurance company. Independent agents represent a number of different insurance companies. Independent agents tend to be more flexible, because they can offer coverage options from various companies, increasing your odds of getting the combination of coverage price and service that fits your business needs.
Seek referrals. These can come from professional organizations or other contacts such as other business owners. Chances are, other business owners in your industry can recommend an agent that they’re worked with.
One size doesn’t fit all when it comes to business related insurance. A business that start in the dining room or garage with just one vehicle can grow to the point where several vehicles are added and you move to commercial property. As your business evolves, your protection needs will most likely change, too.
Be sure to check in with your agent periodically to reassess your Business auto Insurance policy.
Business Auto Insurance Coverage
Small business owners may be tempted to rely on their personal auto policy rather than buying Business auto insurance for vehicles used primarily for business purposes. However, personal auto insurance excludes coverage for business-related activities. If you are using a vehicle for your business, it is important to get a commercial auto insurance policy to protect it.
Personal vs. Business Auto Insurance
A Business auto insurance policy provides coverage for business-related driving activities, which is important because personal auto insurance won’t necessarily cover any business-related auto accidents. Business auto insurance also offers higher liability levels than personal auto insurance.
If an employee regularly drives the car, the Business auto insurance policy allows you to add that driver’s name to the policy and extend coverage. If an employee goes out on company business in their personal vehicle and then gets into an accident, coverage can be added to protect your business from that liability as well.
How Rates are Determined
Business auto insurance rates are based on several factors, including:
- The likelihood of you filing a claim, along with the estimated cost of the claim.
- Driving records of all covered employees. In general, clean driving records translate into lower premiums.
- Location. If your business is located in the center of the city where traffic is heavier, you’ll pay more than if it’s in a remote suburb.
- Usage frequency. If you use the car daily to make sales and/or deliveries, your Business auto insurance rate will be higher than if the vehicle is occasionally used.
How to Keep Rates Low
There are several ways to lower the cost of your Business auto insurance policy:
- Maintain a clean driving record and remain free of claims.
- Increase your deductible. Higher deductibles translate into cheaper premiums.
- Drive safe vehicles. Insurers offer discounts for vehicles equipped with anti-lock brakes, air bags, alarms and global positioning systems.