A comprehensive commercial auto insurance policy typically includes several key components to protect businesses from various risks associated with operating vehicles. Finding commercial vehicle insurance in Snohomish that best fits your business while protecting your staff and assets can be difficult, especially for new business owners navigating commercial vehicle coverage for the first time.
Here are coverage options that commercial auto insurance often includes:
- Liability Coverage. This typically covers damage to property or bodily injuries that the insured party is legally obligated to pay due to an accident involving a covered vehicle. Usually, this covers both bodily injury and property damage liability.
- Collision Coverage. This coverage item pays for damage to an insured vehicle caused by a collision, whether with another car or object, regardless of fault.
- Comprehensive Coverage. Also sometimes known as “other-than-collision” coverage, this policy feature pays for damage to the insured vehicle from causes other than auto collisions. These causes can include theft, vandalism, fire, or natural disasters.
- Uninsured/Underinsured Motorist Coverage. This protects against damages resulting from an accident with a driver who doesn’t have insurance (uninsured) or doesn’t have enough insurance to cover the damages (underinsured).
- Medical Payments Coverage. This type of coverage is reserved for bodily injuries accumulated by the driver and passengers in the insured commercial vehicle, regardless of who is determined to be at fault for the accident.
- Personal Injury Protection (PIP). PIP covers expenses, much like medical payments coverage, and sometimes may also cover lost wages for the insured vehicle’s driver and passengers regardless of fault, depending on the policy.
- Cargo Coverage (if applicable). This policy item covers loss or damage to goods or cargo transported by the insured vehicle.
- Rental Reimbursement Coverage. This provides reimbursement for renting a replacement vehicle, provided that the insured vehicle is being repaired due to a covered loss.
- Towing and Labor Coverage. This covers the cost of towing and roadside assistance services if the insured vehicle breaks down or becomes disabled.
- Hired and Non-Owned Auto Coverage (HNOA). This provides liability coverage when a business rents or hires vehicles or employees use their personal vehicles for business purposes.
- Specialized Coverage (if applicable). Depending on the business’s specific needs, additional coverage options, such as coverage for specialized equipment or custom vehicle modifications, may be available.
Businesses must carefully review their commercial auto insurance policies and discuss the specifics with their insurance provider to ensure adequate coverage for their vehicles and operations. Contact American Insure-All® about your needs for commercial vehicle insurance in Snohomish at (888) 411-2886.
When our previous insurance provider decided to make a change in our career we were a little anxious. We had become accustomed to being on a first-name basis and getting quick responses to our requests. Little did we know at the time we had nothing to worry about as American Insure-All has more than met our previous expectations. Don and his team have been quick to respond to our needs and provide us with the peace of mind that we were looking for in a provider.