Business Owners with Vehicles Need Special Protection
Whether you’re running a small business or large scale organization which requires a huge fleet of commercial and industrial vehicles, you definitely need to consider insuring your company cars, and all the commercial automobiles used for day-to-day errands.
A business owner needs to be very diligent when selecting a suitable policy for his or her business’s needs. It should be understood that your commercial vehicles will not be covered by a personal auto insurance. It separately needs to be insured through the commercial auto insurance!
Through Express Auto Insurance, you get a myriad of comprehensive coverages with flexible terms and conditions; covering a wide range of commercial automobiles. Every Nevadan driver could get one!
What is covered?
In this type of Insurance policy, your whole fleet of commercial and industrial pickups is covered comprehensively; through property as well as bodily damage by means of the liability insurance. There are other additional coverage features available which make your policy more extensive and impeccable. Optional coverages included in a commercial auto policy are similar in regards to terms and conditions as how they are in a typical auto-insurance plan, and they are mentioned below:
- Comprehensive and Collision Coverage
- Uninsured/Underinsured Coverage (UM/UIM)
- Medical Payment or MedPay Coverage
Adjustment Factors:
There are certain factors which affect a policy in terms of discounts and low rates. You get the freedom to adjust your policy per your preference, and in accordance to your business’s needs.
The factors are discussed below:
- The Risk Factor! Every business is different in nature, and hence risk factor varies depending on the type of the business. Firms needing simple company cars to run basic, daily errands would require low premiums to be paid. More the risk, the higher the premium!
- Location of the business. Businesses based in rural areas than those based in a busy Metropolis would have much discerning policies comparatively.
- Size of the vehicle. Heavy-duty commercial automobiles would have higher premiums; based on factors like the engine’s displacement.
- Driving History. It is a common fact that Insurance carriers take past three years of driving history into consideration. They run motor vehicle reports to check on your past driving records; any violations or severe accidents. Bad driving history would have a negative effect by increasing the risk factor. And hence, increasing the premium.