Business Insurance
Driving is usually a given for any type of business. You might be delivering products, driving to service locations or managing a fleet of drivers and vehicles.
● Think carefully about possible scenarios where a personal car might be used forbusiness or vice versa. You jump in your own car to run out for more office supplies.You use the company truck on a weekend to help a friend move. It doesn't seem likea big deal, until there's an accident.
● The amount and type of insurance you need will depend on the answers to thesequestions. How much do you drive? Which types of cars, trucks or other vehicles do you use? Do you own them or lease them?
Trucker’s General Liability Insurance
Whether you run a large trucking company or operate as an owner-operator (O/O), getting general liability (GL) insurance is highly recommended.GL insurance protects your business from risks beyond just driving your truck, including scenarios like:
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Delivering cargo to the wrong location
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Clients getting injured by slipping and falling in your office
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Dealing with an unruly driver at a truck stop
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Facing a lawsuit from a load broker due to slander
It's wise to cover your risks both on and off the road by having the right insurance in place.
Criteria for Truckers
(GL) insurance
Conditions for Truckers' General Liability (GL) Insurance. It's essential to differentiate General Liability Insurance from Primary Liability Insurance. Before incorporating General Liability into your truck policy, you must have an existing Primary Liability policy. Furthermore, certain truck insurance providers may exclude coverage if you transport specific commodities such as tobacco or hazardous materials. In such cases, you may need to consult multiple brokers, and we can assist you with that process.
Worker’s Compensation Insurance
Workers compensation and employers liability is a form of no-fault insurance provided by the employer for the employee. The employee gives up certain rights to sue in exchange for protection from injuries incurred on the job. Please review your vendor and contract requisites to see if you are required to carry this coverage.
Commercial Auto Insurance
Commercial auto insurance helps protect you and your employees on the road while using company-owned and personal vehicles for business. This crucial coverage can help pay for property damage and medical expenses for anything from a fender bender to a fatal accident.
Protect your business on the road and get a commercial auto insurance quote today.
Additional Commercial Auto Coverages
Rental Car Coverage: offers liability coverage while you or your employees are driving a rental vehicle for business. Many rental companies have loss damage waivers or collision damage waivers that you can sign to avoid paying for property damage to a rental car.
Personal Injury Protection (PIP): also known as no-fault insurance, can help cover medical expenses, lost wages or funeral costs after an accident, no matter who is at fault.Hired and Non-Owned Auto Insurance: offers lawsuit liability coverage if you or your employees are involved in an accident with a personal, rented or leased car that was used for business errands. However, this type of commercial vehicle insurance coverage will not pay for damages to the personal, rented or leased car.
Guidelines for (GL) insurance
The coverage amounts for a Truck Driver's General Liability (GL) policy typically begin at a minimum of $100,000. However, the prevailing coverage limits are often set at $1,000,000 per incident, with an aggregate limit of $2,000,000. If necessary, higher coverage limits can be secured. Additionally, if you transport specific hazardous materials, considering a pollution endorsement is advisable. When consulting with your agent, ensure that your insurance adequately protects you against your individualized risks.
Decrease your (GL) expense
The fact is, these policies come at a cost. However, truckers who compare options and effectively convey their unique requirements to agents can indeed reduce their premiums. We can assist by connecting you with three agents who will offer three quotes, making it simpler to compare such a complex policy. Just fill out our quote form, and we'll arrange for your agents to assist you.
Worker’s Compensation Rate and Risk Reduction
Rates can and do vary from one insurance company to another. Insurance companies would look at such issues as employee selection and training, first aid, medical evaluation, safety promotion, housekeeping and maintenance, material handling and protective clothing and equipment. Those businesses that employ three or more employees are required to carry workers compensation insurance
What Does Commercial Auto Insurance Cover?
LIMITS AVAILABLE: coverage available up to $2M per occurrence, $4M in aggregate.
Bodily Injury Liability Coverage: helps pay for the other driver’s medical expenses if you or one of your employees causes an accident.
Property Damage Liability Coverage: pays for damages that you or your employees cause to someone else’s property.
Drive Other Car Coverage: covers your business’ executive officers and their spouses if they drive vehicles that aren’t on your commercial auto insurance policy.
Collision Coverage: can help pay to fix or replace your business’ car if you hit something, like another car or pole.
Comprehensive Coverage: can help pay for car damages caused by theft, fire or natural disasters.
Medical Payments Coverage: can help pay for medical bills for your employees and their passengers in the event of an accident, such as medical treatments and rehabilitations, dental care or funerals.
Uninsured/Underinsured Motorist Coverage: helps pay for you or your employees’ medical expenses or to fix your car if the other driver lacks enough liability coverage or is uninsured.