Understanding Business Auto Insurance

Most businesses have automobiles that increase their liabilities. In the event of an accident, businesses can suffer financially if they do not have the right commercial insurance. Fortunately, there are policies available that can minimize your risk on the road. The following are a few important aspects of business auto insurance.

Bodily Injury

With bodily injury coverage, your business will be protected if an accident causes bodily injury to another. This coverage usually covers at fault accidents caused by you or an employee.

Property Damage

It is also a good idea to invest in commercial insurance that will protect you if your business auto damages the property of another. This property damage can occur during a variety of circumstances.

Medical Payments

Automobile accidents can easily result in unforeseen medical costs - especially if someone is injured. The right coverage can minimize these costs for you and your employees.
Uninsured or Underinsured
In the event the accident involves a driver who is uninsured or underinsured, it is important to carry the right coverage. This can be particularly beneficial during hit and run accidents.
Comprehensive and Collision
Most business auto policies also offer comprehensive and collision coverage. Comprehensive covers damages to your vehicle that do not involve a collision. With collision coverage, you are protected when your car hits another object or car. If you need business auto insurance, make sure to contact a commercial insurance agent. They can help you choose the right policy for your needs.

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