Commercial auto insurance offers protection for the autos your business needs from the risks of the road. Also known as business auto insurance, commercial auto coverage safeguards your business in the event of an auto accident or damage to your business vehicles.
California, like most states, requires a certain amount of insurance coverage in order for you to drive. The bare-bones minimum requirement is bodily injury liability coverage of $15,000 per person/ $30,000 per accident, as well as property damage liability coverage of $5,000 per accident. The bare bones minimum for Nevada is $25,000 per person /$50,000 per accident. Business owners know, however, that the bare minimum is never the way to get ahead, and that adequate commercial auto protection is the only way to defend against lawsuits or high dollar accidents which could threaten your assets.
Types of Commercial Auto Insurance Coverages
Liability insurance is the foundation of any auto coverage, and required by law in most states. If you are at fault in an accident, liability covers the costs of resulting third-party bodily injury, property damage, legal bills, medical bills, and even lost wages. One single accident could result in multiple injuries, property damage, and a lawsuit, which is why adequate liability coverage is so important for your business.
Not all vehicle damage is the result of an auto accident. Comprehensive coverage will pay for damages to autos from theft, fire, falling objects, natural disasters, vandalism, or even an impact with a deer. Comprehensive protects you from repair costs due to the events you never saw coming.
Collision and Comprehensive
Adding collision coverage to your comprehensive protects your autos from even more scenarios, even if you’re at fault for the damage. If you’re responsible for an accident, liability coverage pays for the damage to the other vehicles involved. If you want to have your own autos repaired, however, you’ll need collision coverage. Collision helps pay for repairs and replacement costs if your car is damaged in an accident, crashes into an object, or is rolled over.
Who will pay for your medical expenses, or for the medical care for your passengers in the event of an accident? When you have Medical Payments (MedPay) coverage, you won’t have to worry about the high cost of your medical bills if you are in an accident. MedPay covers the expenses which can arise from accidents when you’re driving your car, driving someone else’s car, and even passenger or pedestrian injuries, no matter who’s at fault for the accident.
Uninsured/ Underinsured Motorists
Auto insurance may be required in most states, but that doesn’t mean every driver on the road is adhering to the law. If you are involved in an accident with a driver who is uninsured, you could be left footing the bill. What if another driver has the bare minimum insurance coverage, and the coverage falls short of your expenses? In either situation, uninsured/ underinsured motorist coverage can help make up the difference so you don’t pay the price for someone else’s inadequate coverage.
Get Commercial Auto Insurance Today
Bodenstein Insurance offers a variety of commercial auto coverage options, so you can get the best commercial auto protection for your specific business needs. Whether it’s a personal vehicle used for business purposes, an entire fleet of autos owned and leased by your company, or something in-between, we have the coverage you need at an affordable price. Call us today at (775)782-3030 to get a quote for the right commercial auto insurance solutions for your business.