We are the Commercial Auto Insurance specialists in Mississippi
As a business owner, you may have delivery vehicles, company cars, taxis, limos or buses. The right commercial auto insurance covers you for accidents, injuries and other incidents that can put those investments at risk.
What commercial auto coverage do you need, and how much?
What are the risks to you, your drivers, and your business that commercial auto insurance can cover?
Driver Distraction and Commercial Automobile Operation
The Department of Transportation investigated the impact of distraction in commercial motor vehicle (CMV) crashes and safety-critical events in 2009. They found the following:
Drivers were involved in non-driving tasks in 71% of CMV crashes
Distracted driving caused 46% of near-crashes and 50% of safety-critical events
Types of Vehicles Commercial Auto Insurance Covers
Commercial auto policies cover personal cars that are used for business, as well as any vehicle used solely for business purposes.
A range of risk factors is associated with the use of these automobiles. Insurance companies review these risk factors along with any efforts your company may make to improve driver safety, to assess the amount of coverage you need.
If you are looking for coverage information on large trucks and heavy equipment used for business purposes, refer to the commercial truck insurance section.
What Does Commercial Auto Insurance Cover?
Commercial auto insurance is similar to personal auto insurance in basic coverage, such as liability, comprehensive, collision and other types of coverage that are specific to business vehicle use. Moreover, a commercial auto policy is designed to protect your business from significant losses that could affect your company’s financial well-being.
Commercial auto insurance policies combine several different types of required and optional coverage.
You might also buy coverage for a rental replacement auto if your company car is in the shop. You could opt to get towing and roadside assistance.
The right commercial insurance can protect all of your drivers, your business, and your commercial cars in an accident. Having adequate liability coverage in case you or one of your employees causes an accident is one of the most critical ways to protect your company.
A typical policy includes some combination of the following:
Bodily injury liability: This portion of the commercial auto policy covers harm to others in an accident caused by you or your employee. Bodily injury coverage will provide compensation for medical costs, funeral costs if necessary, and the costs associated with a lawsuit.
Property damage liability: This coverage will pay the costs to repair property damage caused by you or your employee. The amount of coverage you will receive is based on limits you set and your deductible. It is a good idea to work closely with an independent agent to assess your risks.
Collision: A good commercial auto policy should include adequate collision coverage to pay for the damage to your vehicles in case an employee causes an accident.
Comprehensive: Comprehensive coverage is an important protection for damage to your vehicle or loss other than collision. These causes can include weather, theft, and vandalism.
Uninsured and underinsured motorists: This coverage will help to pay for damages and injuries to your vehicle and your driver, caused by another driver who does not have adequate insurance.
Medical payments: This coverage pays for medical and/or funeral expenses for you, and your drivers and passengers after an accident.
Additional optional coverage: A wide range of additional coverage types may be available, depending on the insurance company you work with and the state your business is in.
Does Commercial Auto Insurance Cover Personal Use?
Small business owners and entrepreneurs often use their own cars while on the job without a second thought. However, it is important to know that your personal insurance may not cover commercial use of your auto.
It’s very common for a small business to send an employee out on an errand. But an injury or damage from an accident isn’t covered if the staff member uses his own car, without commercial auto insurance.
Regardless of how much you use commercial vehicles, getting adequate coverage in place can prevent a financially damaging event from putting your business at risk.
An independent agent like Thompson Insurance can provide all of your commercial coverage through one office. We can sit down with you, and learn how you use your business automobiles.
We’ll ask a variety of questions designed to not only get you an accurate quote but also find you discounts.
We may want to know:
How many commercial automobiles do you have?
How are those vehicles used? For example, do they transport people, goods, hazardous materials, or food?
How many miles does each vehicle typically travel in a year?
How many drivers do you have?
What are their ages and level of experience?
Have your drivers taken a safe driving course?
If you’re in the market for commercial auto insurance, or if you have coverage but aren’t sure it’s comprehensive, contact us! We’ll give you an open and honest assessment of your coverage to determine whether or not you can do better.
How to Start Your Quote
Call our office, or clickover to our Quotes page to submit some basic information to get the process started. Either way, we’ll make the process simple!
We serve the North Mississippi area, in towns like Olive Branch and Southaven including Desoto County, Tate County, and Lafayette County.