A commercial Auto Insurance policy covers the damages and liability of commercial vehicles. It can include the cars you buy for your company and the private vehicles you use for your business.
Commercial auto insurance can help cover the driver (you or your employee) and your vehicle in case of a collision, vandalism, or theft. It can also provide coverage for third-party vehicle damage, property damage, and legal expenses. Other coverages like medical payments, leasing or loan gap insurance, and rental reimbursement can also be included in commercial auto insurance. At Anderson Insurance, we can create customized commercial auto insurance for your business needs.
Commercial auto insurance provides both collision and liability insurance coverages for the vehicles used by a company. Collision covers the expenses you or your vehicle incur due to an accident. The liability of commercial covers the repairs and medical bills for the other party involved in an accident.
Having commercial car insurance can help you lower your taxes. It can also help you write off your premiums as business expenses, reducing the amount you owe in taxes for the year. While a personal car insurance policy is not a tax-deductible expense unless you use it for business purposes.
It provides financial protection against the damage caused by an accident involving another vehicle. It also covers the costs of your vehicle's collision, regardless of who is at fault.
It provides coverage for damage to your vehicle caused by other factors. Some of these include vandalism, fire, and theft.
It will cover the injuries to others and the damages to another vehicle caused by the accident. The type of insurance also provides financial protection against the legal expenses you might face due to the incident.
Provides financial protection against the damage caused by an accident involving another vehicle. It can also cover the injuries you might suffer from an incident involving an unidentified or uninsured driver. It is beneficial if the other driver does not carry enough liability insurance.
Automobile insurance is mandatory in Texas. Most people carry liability insurance, which financially supports the other party involved in an accident. It also helps pay for the medical expenses of the other patients. If you still owe money on your vehicle, your lender might require you to have comprehensive and collision insurance.
In Louisiana, any vehicle you own solely for work purposes must be covered by a commercial auto policy. Drivers are also required to carry minimum liability coverage. The Louisiana state law states that all commercial auto policies must have a minimum liability limit of $15,000 per person, $30,000 per accident for bodily injury, and $25,000 for property damage.
This type of insurance is necessary for both small and large businesses. If you own multiple vehicles that you use for business, then you need to have commercial auto insurance. This insurance will cover all of them, even if only one car exists. Since personal auto policies do not cater to the needs of companies, they are not rated the same as commercial auto insurance. Additionally, the law requires you to have this type of coverage for your company's vehicles.
If you are looking for a commercial auto insurance policy in Texas and Louisiana, contact us today at Anderson Insurance for an easy and personalized experience.
