Having auto insurance is non-negotiable. It’s crucial for every car owner because it can provide financial protection against any damage caused by car accidents or collisions. There are two kinds of auto insurance
commercial van
: Personal Auto Insurance and Commercial Auto Insurance.
If you’re unfamiliar wi
th commercial auto insurance, you need to know that it is equally essential as personal auto insurance. Commercial auto insurance is ideal for people who drive their car regularly for work or business and employees who use a vehicle for work-related driving.
If you are an employer or a self-employed individual who use cars for work or business purposes, here are the advantages of having commercial auto insurance:
1. Commercial Auto Insurance Provides Third-Party Liability Coverage
When a collision occurs while working, and the scope of damage affects nearby properties and valuables, commercial auto insurance can save you from the expensive costs of the damage. For example, when you’ve severely hit another car, a property, or the crash resulted in bodily harm, you don’t have to pay for the repair expenses, medical bills, lost wages, and even possible legal expenses because the commercial auto insurance can cover it for you.
2. Commercial Auto Insurance Covers Physical Damage and Collision Protection
As mentioned, commercial auto insurance can cover any medical expense of the injured persons from the collision. Moreover, commercial auto insurance providers also reimburse the cost of vehicle repairs of your own vehicle and any vehicle you hit, regardless of who is at fault in the incident.
3. Commercial Auto Insurance Offers Comprehensive Coverage
Commercial auto insurance does not only cover damages caused by a collision. It is a policy that offers comprehensive coverage that is not related to an accident, including losses related to theft, damaged cars due to natural calamities like floods, vandalism, unexpected fires, towing and labor, rental reimbursement, and lease gap coverage. If you have commercial auto insurance, you can ensure that it will protect you even if it’s not about a collision, so it is truly a worthy investment.
4. Commercial Auto Insurance Can Provide Protection Beyond Personal Auto Insurance Policies
If you don’t have commercial auto insurance for your employees, you have to get the money from your own pocket to pay for the damages if an accident happens. Even if your employees have their own personal auto insurance, you are still liable for their protection, primarily when the accident occurred while they are rendering a business for you or your company. As an employer, it’s your responsibility to provide commercial auto insurance because it can save you from severe financial losses.
5. Commercial Auto Insurance Is Customizable for Added Security
One of the practical advantages of having commercial auto insurance is that you can customize it according to your needs. Aside from covering you in the case of collisions, you can add more coverage like roadside assistance coverage, towing reimbursement, new vehicle replacement cost coverage, rental reimbursement, and gap coverage for auto loans or leases. This way, you can ensure that you have an added protection in case of an accident.
Conclusion
Commercial auto insurance is a worthy investment given the following advantages it provides. You must have commercial auto insurance as soon as possible because an accident occurs when you least expect it. If you have this type of insurance, you can prepare and prevent facing any severe damage, especially in your financial and emotional state. It’s time to contact your trusted insurance provider so that you can have commercial auto insurance right away.
If you are looking for a trusted insurance provider in Hopatcong and surrounding NJ communities, Quesurance is here to help! We provide a wide range of insurance products, including cheap car insurance, business insurance, home insurance, and more. Contact us and get insured today!
