
If you run a business and your employees use cars or trucks to serve customers, deliver products, pick up supplies, or transport tools and equipment to worksites, your company needs commercial auto insurance. This vital protection can shield your business from catastrophic financial losses and give you peace of mind.
How Commercial Auto Insurance Can Help Your Business
A standard commercial auto insurance policy includes liability coverage. It will pay bills for medical care and property damage if an employee causes an accident while traveling on company business and another person experiences injuries and property damage as a result.
Having high enough coverage limits can protect your company from a lawsuit if a member of your staff is at fault for a serious accident. If your company does get sued, your commercial auto insurance policy can pay your legal expenses.
Collision coverage will pay a claim if someone who is traveling on work-related business hits or gets hit by another vehicle or if an employee strikes an object, such as a tree, a pothole, or a fence. Comprehensive coverage can pay the bills if a company vehicle gets damaged by fire, severe weather, an animal, or vandalism, or if it gets stolen.
While traveling for work, one of your employees might be hit by another driver who is uninsured or by a person who has insurance, but not enough to cover expenses related to the crash. In that case, uninsured/underinsured motorist coverage can pay the bills.
How to Select the Right Forms of Commercial Auto Insurance Coverage for Your Business
State law sets minimum requirements when it comes to insurance coverage. If your company has vehicles that are financed or leased, you might have to meet additional insurance requirements.
Even if you’re not required to carry certain forms of insurance, you might realize that purchasing additional coverage makes sense for your business. A company vehicle that’s used a lot is likely to be accidentally damaged at some point. Having collision and comprehensive coverage can help your company avoid large repair bills if the liability portion of a policy won’t cover the damage.
Get Personalized Service from the Professionals at Petruzelo
For more than 50 years, Petruzelo Insurance has helped Connecticut business owners obtain the coverage that best suits their needs. We can discuss the types of commercial auto insurance that are required in Connecticut, as well as the forms of optional coverage that are available, and help you get a policy that’s right for your business. Contact us today to learn more and to compare quotes.