Commercial Auto Insurance in Plano
In the same way that it is required by law to have auto insurance when driving a vehicle, if your business is using a vehicle to carry out any of its functions, it’s necessary that you obtain a Commercial Auto Insurance policy (Plano, TX and Allen, TX included). Neglecting to take out a Commercial Auto Insurance policy can put your business at serious risk. If the driver of your business’ vehicle gets into a serious accident, your business may be held liable. Depending on the extent of the damage caused in an accident, your business could be forced to fold.
When you purchase a Commercial Auto Liability policy, you typically should be purchasing the following forms of coverage:
- Bodily Injury Liability
- Property Damage Liability
- Medical Payments
- Personal Injury Protection
These forms of coverage are standard, but they are not necessarily all inclusive. When your business is on the line, it may be more practical to purchase a more expensive Commercial Auto Insurance plan. You may want to consider the following forms of coverage, all of which are not part of a basic policy:
- Comprehensive Coverage
- Uninsured and Underinsured Motorist Coverage
- Additional Expense Coverage
- Hired Auto Liability Coverage
- Hired Auto Physical Damage
- Employer’s Non-Ownership Liability
The last three forms of coverage are exclusive to Commercial Auto Insurance policies and are important to consider when purchasing a plan.