Many businesses have vehicles to transport goods, or people to perform services. Florists, exterminators, installation experts, food services and real estate agents are just a few examples. If you have vehicles that you use for work purposes, commercial auto insurance is both essential and mandatory. It must be kept in mind that personal auto insurance typically excludes business-related coverage. Commercial insurance covers you in the event of legal fees, medical expenses and financial loss that is the result of an accident involving vehicles used by your business.
When Do You Need Commercial Auto Insurance?
The vehicle in question must be owned, rented, leased or titled in your business’s name in order to qualify for commercial auto insurance. The primary use of this vehicle must be work-related activities such as transporting equipment, products or people for a fee. The vehicle must be of a type that is not generally covered by personal insurance such as flatbeds, food trucks, box trucks, or any vehicle with a commercial license plate. Employees must drive company-owned vehicles or their own personal vehicles for job duties. In that case, a "hired and non-owned auto" endorsement is necessary. If your job or contracts need proof of insurance or higher liability limits, then commercial auto insurance is a must.
Paragon Independent Insurance Agency Serving Plano, TX
If you are in the Plano, TX area and are in need of commercial insurance, then please contact us at Paragon Independent Insurance Agency. We will put you in touch with a courteous and knowledgeable agent who will do their very best to get you the insurance policy that is just right for you and the unique needs of your business.
Comparing Quotes - Made Simple