Commercial Auto Insurance

Commercial auto insurance is critical for any business using vehicles. Understanding your commercial auto insurance options is vital for protecting your assets and your business. Contact Bromell Agency in Ruston and Shreveport, Louisiana, to learn more about commercial auto insurance.

What Does Commercial Auto Insurance Cover?

Commercial auto insurance is designed to protect businesses against the risks associated with vehicle operation. This type of policy may include the following:

• Liability coverage—This is the foundation of any commercial auto policy. Business auto liability insurance may help cover your business if you or an employee is found at fault in a car accident. It may help pay for bodily injuries and property damage to third parties.
• Physical damage coverage—This includes collision coverage, which pays for damages to your vehicle from a crash, and comprehensive coverage, which covers other types of damage, such as theft, vandalism or natural disasters.
• Uninsured/Underinsured motorist coverage—This may help provide financial protection in the event of an accident where another driver is at fault but does not have adequate insurance to cover damages.

If your company finances vehicles, the lienholder may require policies in addition to state-mandated commercial auto liability insurance.

How Much Is Commercial Auto Insurance

The cost of commercial vehicle insurance can vary widely based on numerous factors, including the type and number of vehicles your company uses, your coverage and deductible limits, and your location.

To get an accurate idea of what you might pay, ask your agent for commercial auto insurance quotes from several insurers. Comparing quotes can help you find the best coverage options for your budget and needs.

How Many Types of Limits Are in a Commercial Auto Policy?

Understanding the limits in a commercial auto policy is crucial in ensuring adequate protection. There are generally three types of limits you’ll encounter:

• Per person limit—This applies to bodily injury per person; it is the maximum amount the insurer will pay for one person’s injuries in an accident.
• Per accident limit—This limit is the total amount the insurer will pay for all damages resulting from a single accident, including bodily injuries and property damage.
• Property damage limit—This limit is the total your insurer will pay to cover repairs or replacement for other people’s property damaged in an accident where you or your employees are at fault.

Your agent can help you choose limits that align with your business’s risk exposure to ensure adequate protection.

Contact Us

Contact Bromell Agency today to start comparing commercial auto insurance quotes.