It doesn’t matter if you are a commercial vehicle driver or a business owner with a vehicle fleet. Any person who uses commercial vehicles should consider commercial auto insurance. The insurance protects your business or organization from liability should an incident causing injury and property damage happen. Some businesses are required by law to have liability insurance. A business that uses drivers for delivery or transportation, such as a food delivery service or shuttle service, is in this category. A commercial driver may also need commercial vehicle insurance for protection if fined or sued. If you are unsure about how to proceed, then speak with an insurance agent. Types of commercial auto insurance policies include liability, uninsured motorist, under-insured motorist, comprehensive, and collision protection. There are often optional clauses you can add to your plan. Perhaps liability insurance is the most important, as it pays for damage when you are the at-fault party. Uninsured motorist insurance and underinsured motorist insurance provides financial coverage when an accident takes place. It is for when the other driver does not have insurance or not enough insurance to cover your damages. Comprehensive insurance is for the cost of damages resulting from theft, natural disasters, vandalism, and bad weather. Collision insurance pays for repair costs if damages are caused during a collision. Commercial auto insurance can save a business or organization. With the policy in place, you won’t have to worry about spending all your money on repairs and other expenses. Your insurance company will even handle claims made against you by third parties. To learn more about the standards required in your community, contact an insurance agent.
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