Commercial Auto Insurance

An integral part of operating a business is the use of commercial vehicles on a regular basis and the coverage for the business owner and employees on the vehicles the business owns, leases and borrows against road conditions, weather and the disruptions caused by other drivers is covered under the Commercial Auto Insurance.

 

Commercial car insurance quote may include:

  • Auto liability
  • Medical Payments
  • Comprehensive Coverage
  • Collision coverage
  • Uninsured and Underinsured motorists coverage
  • Coverage for autos the business borrows or rents
  • Coverage for employees who use their personal vehicles for the business

We insure all sorts of vehicles ranging from business autos, commercial vans, pickup trucks, buses, trailers and many more.

Commercial umbrella insurance may provide

The standard business liability coverage insures a business against most situations but Umbrella Liability Insurance protects a business against expenses that a standard liability policy fails to address. If a serious situation arises in a business environment; Commercial Umbrella insurance will safeguard a business and it is also an inexpensive way to provide additional coverage against bodily injury and/or property damage.

  • Asset protection
  • Extra lawsuit coverage
  • Additional coverage for defense costs
  • Extra equipment, real estate, and other valuable business replacement or repair coverage
  • Liability coverage for some lawsuits which may not be covered under commercial auto or business insurance

Requirements for getting an Umbrella Insurance quote

  • The financial and operational details of your business.
  • A copy of the declaration page of your current general liability and business auto insurance policy (if you have them).
  • A history of any losses a company has experienced before. It should be noted that a loss has no impact on the premium charged by us.
  • A list of the business employees, their positions and experience if they are different from the owners of record. Usually, the longer and more successful a business’s record; the lower the perceived and hence the lower the premium charged.
  • The annual payroll and a categorical breakdown of whether an employee is full-time, part-time, subcontractor or consultant.

Commerical Propery Insurance

An array of events such as fire, smoke, wind and hail storms, civil disobedience and vandalism can results in the damage of a company’s property. These damages are covered under Property insurance which is broad and doesn’t only cover the buildings but also covers lost incomes business interruption, computers, company papers and money.

This insurance is offered through two forms:

  1. All-risk policies: This covers the damage done to ‘property’ due to incidents other than those noted in the policy.
  2. Peril-Specific Policies: This covers damage done to ‘property’ due to incidents and perils listed in the policy.

The premiums for Business Property insurance will differ based on whether they cover the replacement cost or the actual cash value. A replacement cost policy makes sure that your settlement is derived from what you will have to pay to replace the items are prevailing market prices. Whereas, an actual cash value policy covers you for the property’s depreciated value.

Replacement cost policies charge higher premiums as they allow you to replace all lost or damaged property with new items and this policy can allow your business to have a quick recovery from losses. Also, this is a good option if a business is leasing any equipment as the leaseholder may require that the property be replaced on the current market value; this is one of the main reasons why most Property insurance coverages are based on a replacement-value basis. However, if your business owns and controls its own equipment then it is fairly easy to replace it with used goods of comparable quality and in this instance, an actual cash value may be useful and also more cost-effective.