'Do I need Commercial Auto Insurance?' is a question that is distinctly related to business insurance. If your business involves the use of vehicles to transport, deliver or for any other valid commercial use then you will indeed require commercial auto insurance cover. The cover runs outside of a personal auto insurance policy and covers any injury or damage that is caused by a vehicle used in conjunction with your business.
Dependent on what your business uses it's vehicles for and how much they are used will depend on the exact cover that you require.
Here are some examples of some businesses that will require commercial auto insurance:
* A scaffolding company that uses several lorries and small vans to carry out their business on a daily basis. The lorries will be used to transport staff, tools and equipment to and from sites each day. Smaller vans may be used by staff travelling to and from site or the health and safety officer visiting various locations on business. Each and every vehicle will need to be insured as they are being used on behalf of the company.
* A taxi firm will require their fleet of taxis to be insured.
No matter how big your business is the priority will always be the customer and whether you are taking something to the consumer, going to the customer to carry out a service or even transporting them somewhere you will need the vehicles that you use to be appropriately covered.
Without the cover in place you business could be liable to a claim from the customer or a third party such as the general public that could lead to legal costs high enough to put you out of business. This is no exaggeration as legal fees due to liability claims can run into millions! Be safe and sensible and ensure your business is covered!
Much like a regular personal auto insurance policy, commercial auto insurance covers liability, personal injury, collisions, damage caused by uninsured drivers, damage to vehicles from theft and fire amongst others. There are also fundamental differences to bear in mind too such as exclusions and cover limits.
The best thing about business insurance is the customisation that is possible and you will find that many insurers will allow commercial auto insurance to be taken out alongside other types of business insurance such as liability insurance.
Still asking yourself 'Do I need commercial auto insurance?', I hope not! No risk is worth your business!
Please also see 'Do I need Business Insurance?' and 'types of commercial auto insurance policies' for more information.