Commercial Auto Insurance
Commercial Auto Insurance
What is it?
Commercial car insurance is a type of coverage that protects a business and its various vehicles, whether they are cars, vans, buses, trucks, limousines or other kinds of commercial vehicles. Businesses with large fleets can buy this type of insurance to enormously save on repairs and other costs. Good commercial car insurance can even be utilized to pay for big settlements involving medical costs and other types of losses.
Who Benefits
This is insurance coverage designed for businesses, governmental agencies and non-profits that utilize commercial vehicles. According to Department of Motor Vehicles regulations, there is a myriad of kinds of commercial vehicles. Such vehicles are normally defined by their gross vehicle weight rating. If a vehicle weighs more than a certain amount, it likely will need to be insured by a commercial vehicle insurance plan.
How it Functions
Various factors are at work in the determination of a monthly premium for commercial vehicles. For instance, trucks that are utilized in the transport of freight over long distances are generally covered by the most costly policies available. Conversely, a small transit van providing local shuttle service will usually be far less expensive to insure. There are other factors in determining premiums of course, such as how old the vehicle is; this is due to the obvious fact that older vehicles will likely have more mechanical breakdowns, which can also mean more accidents and other dangerous consequences of plying the roads.
The Kinds of Coverage Available
The law mandates some level of liability insurance for any commercial vehicle. This kind of coverage will pay out to help cover medical costs of injured drivers and passengers. Liability insurance also compensates for property damage for which the commercial vehicle is at fault. Comprehensive coverage protects commercial cars from damages that are not the result of collisions with other vehicles. As the title suggests, collision insurance can be utilized to pay for both exterior and interior damage of a commercial automobile involved in an accident with another vehicle.
Big Benefits
Obtaining this kind of insurance can lead to significant savings for a business that uses commercial vehicles in their operations. After some loss-causing event, policyholders can file claims and be the recipient of significant amounts of money to pay for repairs and or vehicle replacement.
What is it?
Commercial car insurance is a type of coverage that protects a business and its various vehicles, whether they are cars, vans, buses, trucks, limousines or other kinds of commercial vehicles. Businesses with large fleets can buy this type of insurance to enormously save on repairs and other costs. Good commercial car insurance can even be utilized to pay for big settlements involving medical costs and other types of losses.
Who Benefits
This is insurance coverage designed for businesses, governmental agencies and non-profits that utilize commercial vehicles. According to Department of Motor Vehicles regulations, there is a myriad of kinds of commercial vehicles. Such vehicles are normally defined by their gross vehicle weight rating. If a vehicle weighs more than a certain amount, it likely will need to be insured by a commercial vehicle insurance plan.
How it Functions
Various factors are at work in the determination of a monthly premium for commercial vehicles. For instance, trucks that are utilized in the transport of freight over long distances are generally covered by the most costly policies available. Conversely, a small transit van providing local shuttle service will usually be far less expensive to insure. There are other factors in determining premiums of course, such as how old the vehicle is; this is due to the obvious fact that older vehicles will likely have more mechanical breakdowns, which can also mean more accidents and other dangerous consequences of plying the roads.
The Kinds of Coverage Available
The law mandates some level of liability insurance for any commercial vehicle. This kind of coverage will pay out to help cover medical costs of injured drivers and passengers. Liability insurance also compensates for property damage for which the commercial vehicle is at fault. Comprehensive coverage protects commercial cars from damages that are not the result of collisions with other vehicles. As the title suggests, collision insurance can be utilized to pay for both exterior and interior damage of a commercial automobile involved in an accident with another vehicle.
Big Benefits
Obtaining this kind of insurance can lead to significant savings for a business that uses commercial vehicles in their operations. After some loss-causing event, policyholders can file claims and be the recipient of significant amounts of money to pay for repairs and or vehicle replacement.
Business Insurance
Business Insurance Explained
No matter the size of your business, you can be well-served in obtaining good business insurance. This coverage helps to ensure that your business is not negatively impacted or even potentially eliminated due to an accident or other liability you might face.
What is it?
Business insurance protects your company from a myriad of financial claims. It protects your investment and your very livelihood should someone file a legal claim against you. It also can allow your business to continue to operate when some kind of a loss-causing event strikes.
Who benefits
This kind of insurance is designed for just about any business, whether it be in the form of a sole proprietorship or if it is a big corporation. This coverage can protect your property, vehicles, various structures, equipment, products, workers, and so much more.
How it functions
Insurance for your business helps to protect you in every aspect of running your business, whether it be home-based, office-centric, or even at a huge industrial estate. Different kinds of coverage can be bought separately and your company is only protected up to the level of coverage chosen.
Different kinds of coverage available
There are many kinds of coverage that one can enlist for their business. Each kind should be considered carefully before purchasing so as to understand what is covered, to what extent and, conversely, what is not covered. Besides property, vehicle, and employee coverage, the following are some other types offered:
Big Benefits
Business insurance coverage can be a financial lifesaver in the event of some liability or other loss causing event. Not having it could end in disaster.
No matter the size of your business, you can be well-served in obtaining good business insurance. This coverage helps to ensure that your business is not negatively impacted or even potentially eliminated due to an accident or other liability you might face.
What is it?
Business insurance protects your company from a myriad of financial claims. It protects your investment and your very livelihood should someone file a legal claim against you. It also can allow your business to continue to operate when some kind of a loss-causing event strikes.
Who benefits
This kind of insurance is designed for just about any business, whether it be in the form of a sole proprietorship or if it is a big corporation. This coverage can protect your property, vehicles, various structures, equipment, products, workers, and so much more.
How it functions
Insurance for your business helps to protect you in every aspect of running your business, whether it be home-based, office-centric, or even at a huge industrial estate. Different kinds of coverage can be bought separately and your company is only protected up to the level of coverage chosen.
Different kinds of coverage available
There are many kinds of coverage that one can enlist for their business. Each kind should be considered carefully before purchasing so as to understand what is covered, to what extent and, conversely, what is not covered. Besides property, vehicle, and employee coverage, the following are some other types offered:
- Professional liability insurance– This is what protects the policyholder from mistakes that can lead to legal claims. A good example is a doctor who provides treatment that leads to some kind of harm.
- Businesses from home– A home-based business is frequently not covered by traditional home insurance. Things such as equipment, products, injuries while conducting business, etc., will not be covered with normal home insurance.
- Product liability coverage– Should a product cause harm or damage, this is the kind of coverage that can pay out for the liability.
- Business interruption insurance– Very helpful for the event in which some kind of a covered event causes loss. This kind of insurance will ensure that, regardless of the issue, the business can keep on operating. This policy component can pay for the cost of another temporary operating facility, new equipment, worker salaries, supplies, etc., for a certain designated length of time.
Big Benefits
Business insurance coverage can be a financial lifesaver in the event of some liability or other loss causing event. Not having it could end in disaster.
Sellman Insurance Group offers a consultative approach to your full line of personal or business insurance needs.
We have been proudly serving the Urbana/Champaign County area since 1947, and we are passionate about our local community. Get a quote today! |
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