Why You Need Commercial Auto Insurance from Top Choice Insurance Agency, PLLC
As a business owner, safeguarding your commercial vehicles—whether cars, trucks, vans, or other types of transportation—is crucial. Your Businessowners Policy (BOP) does not cover vehicle-related risks, so obtaining a separate commercial auto insurance policy from Top Choice Insurance Agency, PLLC is essential.
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Liability coverage
Physical Damage and Collision
Accident with uninsured motorist
Roadside assistance
Auto loan or lease
Liability coverage
Risk Factors
Your commercial auto may meet an accident resulting in damage to someone's property or causing bodily harm to someone. You then become liable for the property's repair or medical costs.
Solution
Bodily injury liability (BIL) covers you when you or one of your employees cause physical injury to another party while using one of your covered vehicles. Property damage liability (PDL) protects you when you or one of your employees causes property damage to another party while using one of your covered vehicles.
Physical Damage and Collision Coverage
Risk Factors
Your commercial auto can be damaged by fire, theft, or vandalism or collide with a fallen tree causing damage to your vehicle.
Solution
Commercial automobile insurance protects against vehicle theft and physical damage, including vandalism, certain weather events, or an impact on another object.
Accident with uninsured motorist coverage
Risk Factors
According to the Insurance Research Council, about one in eight drivers in the United States are uninsured. As a result, when they cause accidents, they might be unable to pay for damages.
Solution
Your policy’s uninsured motorist coverage ensures your business doesn’t have to pay for the resulting medical expenses or vehicle repairs.
Roadside assistance coverage
Risk Factors
Your commercial auto could break down, and you might need roadside assistance immediately.
Solution
Protects you when problems arise that are not typically handled under your commercial auto policy. This could include being locked out of your car, dead batteries, and flat tires.
Auto loan or lease coverage
Risk Factors
Your commercial auto may meet with an accident before your loan repayment. You can then become liable for the loss incurred.
Solution
This covers the difference between the unpaid amount on the loan or lease and the actual cash value of the vehicle if your vehicle is a total loss after an accident.
Is Commercial Auto Insurance Necessary for Your Business in Arizona?
Whether you use a single car or an entire fleet, having commercial auto insurance is vital. This coverage protects against liability, personal injury, medical expenses, and collision damages, ensuring your business operations continue smoothly. If your employees drive their vehicles for deliveries, sales calls, or errands related to your business, you could be held accountable for any accidents they might cause.
Even if you are a sole proprietor using your vehicle mainly for business purposes, a commercial policy from Top Choice Insurance Agency, PLLC typically offers higher liability limits than personal auto insurance.
When is Commercial Auto Insurance Required in Arizona?
You need commercial auto insurance if your vehicles are used for:
Transporting goods or equipment
Driving clients or employees
Performing paid services
Carrying passengers for a fee
Transporting goods for a fee
Hauling heavy work-related loads
Towing a business-related trailer
Distinguishing Personal and Commercial Auto Insurance
In small businesses, the distinction between personal and commercial vehicle use can often be unclear. Employees might use their vehicles for business purposes like traveling to job sites, transporting equipment, or delivering products. Coverage for corporate use is typically excluded from a personal auto insurance policy, leaving you unprotected if an accident occurs while driving for work, except for commuting.
The main distinction between personal and commercial auto insurance is the ownership of the car. Your company's vehicles need to be insured by commercial auto insurance.
Commercial auto insurance from Top Choice Insurance Agency, PLLC in Glendale covers accidents occurring while you or your employees drive a company vehicle. Both personal and commercial policies cover legal and medical expenses related to accidents. However, commercial auto insurance typically offers higher coverage limits, covers a broader range of vehicles, and addresses more complex legal issues. A commercial policy generally includes all business employees as additional insureds, meaning any licensed employee can operate the car.
For comprehensive commercial auto insurance tailored to your business needs in Glendale, Arizona, contact Top Choice Insurance Agency, PLLC today.
Already have Commercial Auto Insurance? Switching is easy
It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options
If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.
Contact us today to help you with multiple options to choose from.
