If your business owns cars, delivery vans, or service trucks, you're literally putting your company on the road every day. Whether it's delivering goods, visiting clients, or hauling tools, every mile driven exposes your business to risk.
Many small business owners make the mistake of thinking Personal Auto Insurance will cover them if something happens during work use, but it won't. A Commercial Auto Insurance policy is what's actually needed to protect your business, your employees, and your bottom line.
In today's Aegis blog post, we'll look at the basics of Commercial Auto coverage and explain why it should be an essential part of any business insurance portfolio.
Personal Auto Coverage Doesn't Apply to Business Use
Simply put, Personal Auto Insurance is designed for personal errands and usage, and not business operations. If one of your employees causes an accident while driving a company vehicle, or even their own car for work purposes, personal auto coverage typically won't pay for any damages or liability.
This lack of protection leaves your business financially exposed but a Commercial Auto policy closes that gap. Having this policy ensures that your business (and not your employee's personal insurer) is properly protected when work vehicles are on the road.
It Protects Your Business from Major Financial Loss
Even a minor fender bender can lead to thousands of dollars in repairs, medical bills, or liability costs, and a serious accident could put your entire business at risk. Commercial Auto Insurance covers not only the physical damage to your company vehicles but also the liability if your business is found at fault.
Commercial auto insurance covers accidents, liability, medical costs, and damage to business-owned vehicles, as well as coverage for vehicle theft or vandalism while parked or in use. All of the protection offered by this policy helps your business recover without taking a massive financial hit.
It Keeps Your Business Moving
When vehicles are essential to your operations, any downtime can cost your business money. With Commercial Auto coverage, your business can add rental reimbursement or roadside assistance to keep things running smoothly after an accident.
It also helps ensure that your drivers, customers, and cargo are protected, so you can get back to business faster. Commercial Auto offers protection in addition to peace of mind and operational stability.
Protect Your Business Before an Accident Happens
If your company owns, leases, or uses vehicles for business purposes, you need the right protection in place. A Commercial Auto Insurance policy should be a key piece of your Business Insurance portfolio, and Aegis Insurance & Financial Services can help you secure that coverage.
For more information about Commercial Auto policies and other key business insurance your company may need, contact Aegis Insurance & Financial Services at 713-850-7622 today.