Login
CALL 800.417.9210

Buyer Guides
Learn from industry experts before you choose the services you need.
  |  
http://www.insideup.com/ppc/uploads/Protecting%20Y
Your Companies Vehicles and Drivers are Protected with Commercial Insurance
Also Receive No Obligation Quotes from Vendors
Also Receive No Obligation Quotes from up to 5 Vendors


Rate It
By: Arlette Measures
Benefits and Drawbacks of Maintaining Commercial Auto Insurance

Key Benefits of Maintaining Commercial Auto Insurance for your Business

• Worker’s Compensation Coverage - If an employee becomes injured and is unable to work as a result while driving an automobile for business purposes, worker’s compensation could assist by paying benefits.


• Coverage for Employees Using their Personal Vehicles for Business Purposes - While an employee’s personal coverage may cover the costs if they are involved in an accident, they may not carry sufficient coverage to pay for all of the damages. In this event, the financial liability often reverts back to the employer. A commercial policy with an added non-owner auto liability endorsement clause will help cover the financial damages in this instance.


• Hired Auto Physical Damage with Loss of Use Coverage - This will cover resulting damage to a leased or rented vehicles as well as contractual obligations to the leasing or rental company.


• Auto Loan or Lease Coverage - If a business vehicle is considered “totaled” following an accident and funds are still outstanding on the attached auto loan or lease, the auto policy covers the difference in the unpaid amount.


• Commercial insurance coverage will separate personal vehicle liability from that of the business, a commonly overlooked detail for many small to mid-sized organizations.

Potential Drawbacks

• Cost-Protecting your assets always makes good business sense, but insurance is expensive, and fitting adequate coverage into you budget can be challenging.


• Being under-insured-In an effort to cut your insurance costs, you could end up with inadequate coverage, leaving your business vulnerable.


• Being over-insured-Conversely, you could miscalculate your insurance requirements and end up paying for more insurance than your business really needs, or for a type of insurance your business does not need.


Solution: Any of the above scenarios can be avoided by doing your research and carefully assessing your true needs. Research is also important when choosing a business insurance provider; the right provider will help you determine exactly the type and amount of insurance your business requires. A trusted and reputable insurance company will not leave you underinsured, nor will they attempt to sell you more insurance than you really need.


Request Your Copy of This Buyers Guide
InsideUp can help you find the best business service providers that meet your specific needs.
If you would like more information, please submit the following:
First Name
Last Name
Company
Email
Phone Number
Zip Code
Industry
Employee Size
Job Title


Get Started
InsideUp can help you find the right provider for the business service you need. Use our service to compare service providers

To complete your request, we need the following information:

Get Real World Insights from Our Community Members
See What Members are Saying
Company Name has endorsed Leaders Merchant Services as their Business Cash Advance provider.
Ottison Dwight 2050 Project Management Consultancy Service has endorsed eCapital as their Factoring Service provider.
CENTRAL PAYMENT SYSTEMS has endorsed TSYS Merchant Solutions as their Credit Card Processing provider.
Richfield Bus Company has endorsed Fleetmatics as their GPS Fleet Tracking provider.
 
 
 

FREE Mobile App

Connect with our InsideUp Services on the go!
Easy and Convenient to Use
Download
Follow Us
linkedin facebook Google + tweeter youtube pinterest
Get the Latest Edition of Our Newsletter

© InsideUp, Inc., 8880 Rio San Diego, Suite 800, San Diego CA 92108, ALL RIGHTS RESERVED
Site Map | Privacy Policy

To complete your request, we need the following information: