Why Does Your Business Need Commercial Auto Insurance?

If your business owns a vehicle, multiple company vehicles or a fleet, a comprehensive commercial auto insurance policy is absolutely imperative to protect yourself and your business from liabilities and lawsuits. If your employees regularly drive as part of their jobs and you don’t have an Indianapolis Commercial Auto Insurance policy, you are gambling with your business’s bottom line.

Protect Your Company Vehicles         

Company vehicles represent a significant investment; it’s wise to protect them. A commercial auto insurance policy protects your investment from damages ranging from fire, flood, and hail damage to vandalism. You can also request additional coverages for on-board electronics such as GPS or DVD players. The number one reason to protect your company vehicles with a comprehensive commercial auto insurance policy? According to the FBI, in the United States, a vehicle is stolen every 44 seconds!

Protect Your Employees

Commercial auto insurance will protect employees should they become injured in a car accident on the job, something that their personal auto insurance will not cover. Most policies will even cover employees’ personal vehicles if they’re damaged on the job and the claim amount exceeds their personal auto insurance policy’s limit. Most even cover damages to rental cars used during the course of business.

Protect the Solvency of Your Business

Any significant, unexpected expense can devastate a business’s bottom line. Sometimes, an unanticipated financial blow can be insurmountable. If one of your company vehicles is involved in an accident that seriously injures a third party, you can be held liable for the victim’s medical expenses and subject to pricey lawsuits.

If your business lacks a commercial auto insurance policy, you’re playing a dangerous game of Russian roulette every time you or an employee takes the wheel. Walker & Associates Insurance can work with you to develop a comprehensive policy to protect you from the many risks associated with driving during the course of business. Call us today at 888-760-7292 to request a free quote.