Commercial Auto Insurance
Businesses rely on automobiles for a wide range of reasons. Some use them to make deliveries. Others use them to run errands. Some even offer vehicles as perks to executives or field agents. Some businesses operate fleets of vehicles, while others have only one or two. Regardless of how many vehicles your businesses has, it is essential to get adequate insurance coverage for those vehicles.
Otterstedt Insurance Agency understands the challenges businesses face when it comes to finding the right balance of insurance coverage to meet your needs. We’re here to help you make important decisions concerning your auto insurance coverage.
What Kind of Commercial Auto Insurance does Your Business Need?
Different business require different types of commercial auto coverage. It varies according to the number of vehicles a business owns and how those vehicles are used. Below are a few standard commercial auto coverages your business is likely to need to consider.
- Auto Liability Insurance
- Medical Payments Coverage
- Comprehensive and Collision Coverage
- Uninsured and Underinsured Motorists Coverage
- Coverage for Rental Vehicles
- Employer for Non-owned Liability (essential when employees operate out of their own vehicles like pizza delivery drivers or field agents)
- Personal Injury Protection (PIP)
- Drive Other Car
In addition to these fairly standard coverage types, your business may have specialized needs according to the type of business you operate and the cargo your vehicles carry. For instance, you may need coverage for the cargo itself if your vehicles carry costly cargo.
You may also want additional and specialized insurance coverage if your vehicles may carry one- of-a-kind items or prototype materials. Also if they carry trade secrets or confidential or protected data. Additional liability coverage as well as an umbrella liability policy may also be in order to provide additional protection in case your business is found to be at fault in the accident.
Fleet Services and Commercial Auto Insurance
If you own a fleet of vehicles, you might consider specialized commercial auto coverage for fleets. This often comes at discounted rates due to the volume of vehicles covered and may offer certain bonus types of insurance, according to the plan you purchase, bundled into the main package. Always remember that you may want to consider additional coverage amounts for things like liability coverage, personal injury protection, and medical payments for the added protection they provide in the event of a serious accident.
Discuss your unique insurance needs with a qualified and dedicated agent from Otterstedt Insurance Agency to be sure you’re getting the right kind of coverage and the right amount. Each fleet has unique needs for coverage.
Industries that Need Commercial Auto Coverage
You might be surprised by the sheer volume of industries that could use commercial auto insurance. Contractors, retailers, and professionals need commercial auto coverage.
Remember, these are just the tip of the iceberg. Any business that uses vehicles in the operation of their business, whether business owned or employee owned needs some type of insurance protection – if for nothing else, for liability protection that exceeds the employee’s liability coverage.
Call on Otterstedt Insurance Agency for Your New Jersey Commercial Auto Insurance Needs?
We’ve been serving New Jersey’s business community with superior insurance products and expert guidance since 1919. We’ve honed our skills during this time so that we can bring years of knowledge and experience to work for you. This means we can help you get the right auto insurance coverage to meet your specific business needs.