Commercial Auto Insurance in Saginaw, Tawas City, Bay City, Midland, Oscoda, and the Surrounding Areas
Commercial auto insurance is required for a wide range of different businesses such as taxis, pickup trucks and cargo vans for various contractors, limos, company cars, and more.
Look to an independent insurance agency like Safeguard Insurance Agency to shop the market for you and get you a number of quotes for your commercial auto insurance policies in Saginaw, Tawas City, Bay City, Midland, Oscoda, MI, and the surrounding areas.
There are a number of factors that play into what your costs will be with commercial auto insurance including the number of miles driven each year, how often the vehicle is used, as well as what it is used for. Contact our team today to review your commercial auto insurance and have us find you the best policy for your needs.
Understanding Your Coverage for Commercial Auto Insurance
Crafting the perfect commercial auto insurance policy involves tailoring coverage to your specific needs. While it’s natural to assume that your policy would protect your business vehicle, there are various facets to consider.
Bodily injury liability steps in to handle expenses resulting from injuries caused by you or your employees in an accident. Property damage liability, on the other hand, addresses the costs associated with property damage in such accidents.
Comprehensive coverage extends protection beyond accidents, encompassing repair costs for your company vehicle due to non-accident events like theft, vandalism, or inclement weather. Collision coverage, in contrast, specifically covers accident-related repairs.
Beyond these core elements, your commercial auto insurance may offer additional provisions tailored to your business. Choosing the right mix of coverages ensures your business is safeguarded against a range of risks, reflecting the unique needs of your enterprise.
Typical commercial auto insurance policies include some combination of the following coverages:
- Bodily Injury Liability: Covers injuries to others in accidents caused by you or your employees, including medical expenses, funeral costs, and legal fees, based on your policy limits and deductible.
- Property Damage Liability: Pays for damage to others’ property resulting from accidents caused by you or your employees, with coverage limits and deductibles of your choice.
- Collision Coverage: Covers repairs to your vehicles in accidents where you or your employees are at fault.
- Comprehensive Coverage: Protects against damage to your vehicles from non-collision events like weather, theft, and vandalism.
- Uninsured/Underinsured Motorists: Helps with damages and injuries if your driver is in an accident caused by an insufficiently insured motorist.
- Medical Payments Coverage: Pays medical and funeral expenses for you, your drivers, and passengers after an accident.
- Additional Options: Depending on your insurer and location, various additional coverage types may be available to tailor your policy to specific needs, such as coverage for employees driving non-company vehicles.
Do You Need Commercial Auto Insurance?
While commercial auto insurance policies tend to have higher limits when compared to personal auto insurance, this same insurance also covers the entire business, which can include multiple drivers and multiple vehicles. Employees with a poor driving record are covered just as those who have a good driving record. And the kind of vehicle you drive, along with what you are using it for and how often it is used, all play a part in your commercial auto insurance rates. The negative effects of not having commercial auto insurance are devastating when compared to the minor costs of having that insurance in place.
You work too hard to leave your business open and unprotected, yet by not having the right commercial auto insurance policy in place you are doing just that with your business in Saginaw, Tawas City, Bay City, Midland, Oscoda, MI, and the surrounding areas.
Contact our experienced team at Safeguard Insurance Agency to get the right coverage for your situation from an independent insurance agency that works for our clients and not the insurance companies.