There could also be a higher impact on your small business with a lawsuit due to an accident,
Posted: Sat Dec 28, 2024 3:57 am
PIP and medical payments coverage Personal injury protection (PIP) and medical payments insurance help cover expenses if you or your passengers are injured in an accident. Emergency roadside insurance This policy can include coverage for roadside assistance, such as replacing a flat tire or car battery, locksmithing, and towing. Personal effects insurance Some insurers offer coverage of your or your employees’ personal belongings. How is commercial auto insurance different from personal auto insurance? There are two primary differences between commercial and personal auto insurance: Personal auto insurance excludes business usage.
A key difference between personal and commercial lebanon mobile phone numbers database auto insurance is that a personal auto insurance policy often excludes coverage for business-related use. This type of policy won’t cover any accident or other issue that arises when you or your employees are driving for your business. Commercial policies account for greater risks. Commercial auto insurance often has higher risk and limits than personal auto insurance because a business vehicle may carry anything from employees to hazardous equipment.
Which is why there are often higher legal cost limits on commercial policies. Total commercial auto coverage limits can range from $500,000 to millions. Policy endorsements, or insurance riders, are also available specifically for commercial auto policies. Tip Some of the best GPS fleet management services provide tools to monitor driver safety and various safety-related integrations that can help you keep your insurance rates down.
A key difference between personal and commercial lebanon mobile phone numbers database auto insurance is that a personal auto insurance policy often excludes coverage for business-related use. This type of policy won’t cover any accident or other issue that arises when you or your employees are driving for your business. Commercial policies account for greater risks. Commercial auto insurance often has higher risk and limits than personal auto insurance because a business vehicle may carry anything from employees to hazardous equipment.
Which is why there are often higher legal cost limits on commercial policies. Total commercial auto coverage limits can range from $500,000 to millions. Policy endorsements, or insurance riders, are also available specifically for commercial auto policies. Tip Some of the best GPS fleet management services provide tools to monitor driver safety and various safety-related integrations that can help you keep your insurance rates down.