Click to CallYou may not own a fleet of vehicles for your business, but some of your employees use their personal vehicles for business-related travel in or near Oklahoma City, OK. Does their personal policy protect your company if they get into an accident, or do you need a separate policy? Vance Insurance Group LLC can explain how you can better protect yourself with a commercial auto insurance policy.
Commercial Auto Insurance Offers Broader Coverage
Commercial auto policies typically have higher limits in the event of an accident. These policies cover anyone who drives while performing duties for your business, multiple vehicles, trucks, and even employees with poor driving records. You can customize your policy to ensure it covers employees who use personal vehicles for business purposes. In addition, employees’ policies may not cover their vehicles if they use them for business purposes. Even when you have workers’ compensation insurance, a commercial auto policy provides an added layer of protection if employees sustain injuries in a crash and need medical attention.
Exclusions in Commercial Auto Insurance
As with other insurance policies, you can expect exclusions from coverage. If someone causes an accident while using a borrowed, leased, or rented vehicle, any bodily injury or property damage may be excluded. You need additional hired and non-owned liability insurance. Carefully read your policy, as it may also apply when you use personal vehicles. Other exclusions typically involve accidents caused by high-risk activities, such as racing, pollution, and damage from war or nuclear hazards. Consider developing a company vehicle use policy, so employees understand what is and is not allowed.
Learn how commercial auto insurance can adequately protect your business and employees. Contact the experts at Vance Insurance Group LLC, serving Oklahoma City, OK, to get started.
