Regardless of if you own a large fleet of vehicles for your business or if you drive a personal car for business purposes, you need commercial auto insurance for financial protection in the case of a loss. In addition to accidents, vandalism, theft, and auto damage all qualify as a loss and a commercial auto insurance policy can help protect you.
At TriState Business Insurance, we often get asked by small business who only have one car if they need a commercial auto policy. The answer is yes if you use your car frequently for business travel. If this is the case, then getting a commercial auto insurance policy is good decision.
If you have a fleet of commercial vehicles, you can get lower auto insurance rates if you hire good drivers with safe driving records and if you have vehicles that are considered ‘not risky’ to cover. Additionally, anti-theft systems, and higher deductibles can all reduce your premium.
Regardless of the size of your business or the number of vehicles, it is a smart financial business decision to invest in a commercial car insurance policy. For more information, contact TriState Business Insurance.