Business owners make choices every day to protect the interests of their business. Ensuring that they are covered by the right types of commercial insurance is key in protecting the business when the unexpected occurs.
If your business regularly uses vehicles for deliveries, passenger pickups, or other work-related operations, then you may be vulnerable to lawsuits or costly repairs if something goes wrong. Choosing the commercial auto insurance that is appropriate is a critical point in protecting the financial health of your business.
Minimum coverage requirements for commercial vehicle insurance are set by individual state laws, and are typically more extensive than the requirements for personal vehicle insurance. It may seem obvious that you need commercial auto insurance for a vehicle used exclusively for business purposes, but what about a personal vehicle that may be used in the operation of your business? If you are driving a personal vehicle for commercial reasons and are in an accident, you may be shocked to discover your personal auto insurance will not cover the damages.
Factors Affecting What Type of Insurance You Need
Every business has unique needs for all types of commercial insurance, and car insurance is no exception. Only an agent who is well-versed in this type of insurance can sit down with you and help you determine which coverage will best suit the needs of your business, but these are some factors to keep in mind:
At Oaks Insurance Group, we understand the complexity of commercial liability insurance, and we are determined to help our clients fully understand their options so that they can make the choice that is right for them and their business. We know how much your business matters to you, and we want to help protect you from the unexpected. We proudly serve business owners throughout the Thousand Oaks, California area, and are happy to set up a consultation at a time that is convenient for you. Contact us today!