Commercial Auto Insurance in Jacksonville, FL
Looking for affordable commercial auto insurance in Jacksonville, Florida? Your business assets are at risk when you, or your employee, operate a company van or truck, or car. Many owners fail to realize the importance of commercial auto coverage, especially when their vehicle is owned by the company. All commercial vehicles should be more insured than your family car, it is a fact. Legal settlements may result in higher costs for compensation for personal injuries and damages if a commercial driver is involved in an accident. The monthly premium for comprehensive and collision auto coverage is worth it, regardless of whether you lease or purchase your company vehicles.
Tips for Buying Car & Commercial Truck Insurance
There are horror stories of business owners who have lost their entire fortunes after an accident. Protecting yourself against potential disaster is essential, regardless of whether your business has a fleet or a solo operation. Here are some tips to help you choose the right commercial coverage.
Protect your business and personal assets
You can increase the coverage of your auto and commercial truck insurance by adding umbrella liability coverage. This coverage can help protect the company’s financial future in the event that a driver is found to be at fault.
Limit the number of drivers & passengers. You can manage the exposure of your company by designating a driver to drive a specific vehicle. Riders are prohibited by most business car insurance policies. Make sure any passengers are covered by your business insurance.
You should be prepared for any eventuality. Although no one wants to be in an accident, commercial trucks and cars are frequently involved in collisions. You can rest assured that you have done your part by planning for the worst. Protect your equipment from damage and pay the replacement cost.
Consider what portable electronics or equipment may be lost or damaged in the event of an incident before you buy commercial auto insurance. This will ensure that your business has the funds it needs to replace any of its most important tools.
Take into consideration your needs for towing & repair. You will often save money if you have insurance that covers towing and repairs. This is especially important for delivery and service vehicles.
Jacksonville Business Car Insurance
It is crucial to get the right car and truck insurance if your vehicle is being used for business purposes. Personal insurance coverage is not designed to protect your business’ day-to-day operations. Call us to speak with a commercial agent for auto insurance. Or use our convenient contact form on the website to get your free quotes.
How to Get Commercial Auto Insurance
In the Jacksonville are, and Florida in general, commercial car insurance may be required if you regularly drive to clients or use work equipment. You may not have a fleet of vehicles for business, or even run a business, so you might not have considered commercial auto insurance. You might also need to have a commercial policy if your vehicle is used for other purposes than commuter use.
You are responsible for the cost of commercial coverage if you are self-employed, or a small business owner who uses your car for work. If you use your car regularly for work, the employer is responsible for insuring it.
What is commercial auto insurance?
Insurance for commercial cars covers vehicles that are used for business purposes. All accident-related expenses resulting from injuries, deaths, or property damage are covered up until the policy limits. Sometimes, commercial auto insurance can be confused with rideshare insurance. This is usually required if you are a delivery driver or rideshare rider.
A commercial auto policy usually includes:
- Liability coverage includes bodily injury and property liability to cover injuries, deaths, or property damage that may result from an accident caused by a driver while driving. You may also be eligible for legal fees.
- No-fault and personal injury coverage are available to cover medical expenses for any driver or passengers involved in an accident.
- Uninsured motorist coverage provides protection for injuries that may be caused by hit-and-run drivers or uninsured motorists. If the at-fault driver does not have sufficient car insurance to cover all expenses, this coverage could also include coverage for underinsured motorists.
- Comprehensive and collision coverage for vehicle damage due to theft, vandalism and fire. Also covers damage if a vehicle is struck by another vehicle or object.
Other coverages, such as towing and labor and rental reimbursement, and lease gap coverage are available on commercial policies. However, they don’t usually cover tools and other items that you have in your vehicle. The policy of a business owner covers tools, while the policy of a renter or homeowner insures personal property.
If you live in Jacksonville, FL – who is eligible for commercial auto insurance?
Your personal policy might be sufficient if you only use your car for business purposes. If you use your car regularly for business purposes, except for commuting to work, your personal policy may not be sufficient. You will need a commercial insurance policy, even if you are self-employed or own a small-business. If you are:
Cash is your best friend. A personal policy covers driving friends to concerts or buying food for co-workers. However, it does not cover transporting people or goods for cash.
For work, log high mileage such as frequent visits to job sites or store locations. Items that are used for work, such as heavy equipment or tools, can be transported.