If your business maintains a fleet of vehicles, you’ll need a commercial auto insurance policy to cover any accidents or damage you or your drivers cause. Without it, you could be held directly responsible for anyone else’s losses, putting your entire business at risk over a single mistake. Not all policies are equal, however, so carefully consider all of your options and needs to ensure you have enough coverage at the best rate possible.

What You Should Know About Commercial Auto Insurance

Personal Policies Don’t Cover Commercial Activity

Do you use your personal vehicle to make deliveries, pick up materials, or engage in any other business activity? If so, your private auto insurance policy probably won’t cover any accidents that occur while you’re on business. Your existing policy will explain what is considered “commercial activity,” so make sure you know what’s covered and what isn’t. 

How Many Vehicles Do You Have?

If you only have one or two vehicles and a few dedicated drivers, you’ll probably be better off with a traditional commercial auto insurance policy. However, insuring several different vehicles and a host of drivers quickly gets expensive, so fleet insurance might be a much better deal. This option insures all of your vehicles and employees under a single policy and can have lower premiums than individual policies.

You Can Lower Your Premiums

Your commercial auto insurance premiums are based on a variety of factors, including the local crime rate, your drivers’ driving records, and the types of vehicles you own. Installing anti-theft devices, keeping your vehicles in a secure location, and carefully reviewing driving histories before hiring new drivers can go a long way toward lowering your premium.

Since 1956, Willimantic, CT, business owners have relied on the friendly insurance experts at K.L. Smith Agency LLC to protect their investments with a broad array of policies from some of the industry’s leading carriers. Their friendly insurance experts will be happy to sit down with you to evaluate your needs and find the ideal commercial auto insurance policy for your needs. For a complete list of their business insurance services, visit the website or follow the Facebook page for more tips and advice. To request a quote or schedule an appointment with an experienced agent, call the offices at (860) 423-9294.