Insuring your business is a step all business owners should take. Perhaps you are a small business operating out of your home. You may have a side business that you do on the weekends. In these cases, it is common for business owners not to consider business insurance.
Yet, these businesses face risks. There is a need to maintain the proper level of financial protection against those risks. One area you may overlook is commercial auto insurance.
When Should You Maintain a Commercial Auto Insurance Plan?
Commercial auto insurance provides can protection business owners against instances that occur during the operation of your business in a vehicle.
For example, you may make pottery pieces and deliver them to your clients. But, what happens if you have an accident during a delivery? Commercial auto insurance can help protect your vehicle and your business assets.
This type of insurance works in various ways:
It can protect the vehicle from damage resulting from collisions, fires, and even theft. The property and collision insurance portion of the policy usually cover these perils.
It can protect against accidents. If you have an accident and damage another vehicle or property, the policy usually covers those losses. This is through the policy’s liability insurance.
It may help to protect your business equipment or supplies located in the vehicle. Commercial Auto insurance usually protects stolen or damaged contents. It can even protect your artwork you are selling. Most policies have a contents portion of coverage.
It is easy to think that nothing will happen. However, if an accident occurs, a standard auto insurance plan may not provide enough financial protection. Business insurance becomes critical in these instances. The good news is that commercial auto insurance tends to be affordable.
How to Secure the Right Policy
Work with your agent to understand what type and amount of coverage you need. The right commercial auto insurance is specific to the types of risks you have.
For example, a real estate agent may shuttle clients around. A plumber may maintain a significant amount of valuable tools in their vehicle. Your agent can help you to get the commercial auto insurance that you need at the right price. This helps to safeguard your business from risks.
Hill & Stone Insurance can help you get commercial auto insurance to meet your needs. For more information, call us at 847-295-3030.