Again, commercial car insurance can include coverage for both liability and collision damage. Your liability coverage limits may be higher than what you'd typically get with a personal insurance policy. That's a good thing if you're worried about your business being sued because of an accident ...
Distracted driving, increased litigation, the spiraling cost of automobiles and the size of jury awards has forced the underwriting community into a complete relook at deductible levels, limits available and rates of the commercial auto market. Over the past two years, insurance companies have seen ...
With higher coverage limits than personal auto insurance, it helps safeguard businesses and improves a business’ chances of continual operations. Commercial insurance contracts create partnerships between companies and insurers. Under these contracts, insurers are required to pay for physical damages based...
However, commercial car insurance can prove beneficial by providing higher coverage and liability limits than a personal policy can offer, tailored to a specific business industry. Is commercial auto insurance cheaper than personal coverage? Not in the short term, but in the long run it will be....
For businesses, a commercial umbrella liability insurance policy is an extra layer of liability protection that covers costs beyond other business liability coverage limits. This coverage isn’t a policy replacement, but enhances your current risk management policies to give you additional peace of mind...
They craft insurance packages that address specific needs, such as liability limits, cargo coverage, or HAZMAT endorsements. Advocacy and Claims Support In the event of an accident, brokers help clients navigate the claims process, ensuring a smooth resolution and minimal downtime. ...
If no transportation services of any type are provided, and use of a motor vehicle is strictly limited to travel to and from work or work sites, evidence of Personal Auto Policy coverage with limits no less than $100,000 per person, $300,000 each accident, $50,000 property damage may ...
Carrying limits of insurance that are reflective of the jurisdictions in which they operate The addition of protective endorsements that range from rental car coverage to protection for the hauling of dangerous goods Safety & compliance assistance ...
As you consider different providers, you’ll note differences in coverage limits, monthly premiums, and specialized policies. These seven commercial insurance companies are generally well regarded in the industry and popular among business owners for various reasons. They are listed in no particular ...
Explore the latest Commercial Auto insights, trends and breaking news from property/casualty insurance industry authority Insurance Journal