Automobile/Fleet Insurance

Protect Your Business – Invest in Automobile/Fleet Insurance Now!

Securing the right insurance policy for your business’s automobiles and fleet is essential to staying financially protected in the event of an accident. To ensure effective coverage, small business owners should understand the different types of automobile/fleet insurance policies available.

State Required Liability Coverage

The most basic form of automobile and fleet insurance is required by law in many states: liability coverage. This type of coverage provides protection for any vehicle(s) registered under your business’s name in case someone else incurs damage or injury as a result of an accident. Liability coverage requires you to purchase at least minimum limits set by the state, which may not be enough to cover damages from a major incident. 

Collision & Comprehensive Coverage

This type of coverage helps you repair or replace any vehicles owned by your company if they are damaged in an accident. Collision coverage pays for repairs if damaged caused by running into another object, such as another car or a tree. Comprehensive coverage covers damage caused by other incidents such as theft, fire, weather-related risks and more. 

Uninsured/Underinsured Motorist Coverage

In the unfortunate event that a driver with inadequate or no auto insurance causes an accident involving your business’s vehicles, this type of coverage can help pay for some or all of the damages that were inflicted on you and your fleet. 

Personal Injury Protection (PIP)

Personal Injury Protection (PIP) covers medical expenses incurred due to an automobile accident that could include costs related to ambulance rides, hospital stays and even funeral expenses should there be any fatalities resulting from the accident. This type of coverage applies regardless who is at fault during the collision and allows you to receive compensation directly from your insurer instead of having to sue another party involved in the incident. 

Medical Payments Coverage

Similar to PIP protection but limited only to medical bills incurred due to injury sustained during a motor vehicle collision involving one of your automobiles or fleet cars; this type of insurance will cover both treatment for yourself and injured passengers within the affected vehicles up to policy limits without having to attribute blame on either party involved in the incident. 

As you can see, there are many options when it comes to insuring your automobile/fleet vehicles with suitable levels of protection tailored specifically towards small businesses operations like yours. Doing so can save thousands upon thousands from being taken out from potential lawsuit settlements initiated against you after an accident takes place – meaning peace-of-mind both now and for years down the line knowing that what matters most about your business is safe!

For more details on other types of Automobile/Fleet Insurance, check out these additional articles: