Covering your business auto and other commercial vehicles against losses is an important part of your business insurance portfolio. Many variations and options exist to assure that you have the right coverage for your vehicles for your particular operation. Here in Lutherville / Timonium, Maryland, at the William M. Sparks Insurance Agency, we know the guidelines for your state, and we can help you sort out the options and create a policy that perfectly fits your needs. It is strongly advised that your commercial auto insurance policy carry the same basic coverages that you carry on your personal vehicle insurance.
Commercial Auto Coverages Usually Include:
- Comprehensive coverage – pays for theft or damage to your car caused by something other than a collision.
- Collision coverage – pays for damage to your business automobile during an accident.
- Liability coverage – covers damage that you cause to someone else’s vehicle or property.
- Personal injury protection – pays for injuries to you and your passengers and can cover lost wages, medical payments and even funeral expenses.
- Uninsured/Underinsured motorist coverage – further pays when an at-fault driver’s insurance is not sufficient to cover your loss.
Even though the basic coverages are much the same as your personal auto coverages, a policy for business vehicles differs in many important ways; and there are many possible variations and options, depending upon your business circumstances and needs.
For business-owned vehicles, it is important to show the name of the business on the commercial auto insurance policy as the ‘principal insured’, especially if you use the car for both business and personal transportation. By doing so, if someone files a claim against you or you must file a claim, there will be no confusion.
With the many options and variations you have to consider for business vehicle coverage, you will find that the experienced representatives a the William M. Sparks Insurance Agency can make the process of purchasing commercial auto insurance an easy one. So contact us today to discuss your needs.
The scope of your insurance coverage and options depend entirely upon the policy and the insurance company providing it. This website is not intended to advise, offer or bind coverage. You should always discuss your insurance issues with professionals such as a licensed and qualified insurance agent like those at the William M. Sparks Insurance Agency before making any decisions or choosing a course of action.