WEDNESDAY, AUGUST 27, 2014
Everyone is familiar with car insurance because every individual must obtain it in order to drive legally. Businesses are required to do the same if they own and operate vehicles. The basic coverages may resemble personal car insurance, but commercial auto insurance often has higher coverage limits and many additional coverage options to meet a variety of needs across all industries. In fact, you can typically choose whether you'd prefer to insure each vehicle individually or to purchase a blanket policy to insure your whole fleet.
Your independent agent can help evaluate the unique needs of your business, but you can get an initial idea by reviewing the most common commercial auto coverages below.
Protect the vehicles that your business relies on. Call Pro Player Insurance Group at (954) 316-4662 for more information on Fort Lauderdale business insurance.
- Liability coverage: Covers damages — including property damage and bodily injury — suffered by third parties in an accident caused by the insured driver.
- Medical expense coverage: Covers the necessary medical expenses of the insured driver following a collision.
- Collision coverage: Covers vehicular damage that results from a collision.
- Comprehensive coverage: Covers vehicular damage that results from incidents other than collisions, such as fire, severe storms, theft or vandalism.
- Uninsured/underinsured motorist coverage: Covers damages and bodily injury suffered by the insured driver resulting from a collision with an at-fault driver who is uninsured or underinsured.
- Non-owned auto coverage: Covers damages to employee-owned cars that are involved in collisions while being used for business purposes.
- Hire auto coverage: Covers damages to the insured's rental vehicles.
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