Many states require businesses and individuals to purchase vehicle insurance to protect their cars. Car insurance is required for good reason- if you get into an accident, you and the other driver involved will be thankful you are covered. If you are a business owner whose company has a fleet of vehicles, the same auto insurance needs still apply.
Vehicle/Automobile Insurance is divided into two parts:
- Physical Damage
Consists of a legal responsibility for bodily injury or property damage arising out of the ownership, maintenance or use of autos. In this context, autos can be described as cars, trucks and trailers.
Automobile Physical Damage
Responds to property damage sustained to your vehicle. The general term typically encompasses three coverages available under the business auto form:
- Collision – The insurer agrees to pay for damages to a covered auto or its equipment in an accident by either collision with another object or overturn of the covered auto.
- Comprehensive – The insurer agrees to pay for loss to a covered auto or its equipment resulting from any cause except collision or overturn, subject to certain exclusions.
- Specified Causes of Loss – The insurer agrees to pay for loss to a covered auto or its equipment only for losses specifically listed in the policy, such as fire, lightning, explosion, theft, windstorm, hail, earthquake, flood, mischief or vandalism.
Interested in learning more or getting the ball rolling? Our agents will be very happy to speak with you, no matter where you are located. Contact our Team today, or fill out the quote form on this page to get our partnership started. Let’s not let another day pass without your business having the coverage it needs!