Commercial Auto Insurance
As your business grows, you’ll need protection for the different types of vehicles used in your business operations. Whether the vehicles used in your business are owned, rented, or borrowed, including all types of trailers, trucks, and private cars used on public roads, commercial car insurance keeps your business moving.
Manning Insurance Services LLC in South Carolina can help you navigate the various coverage options for commercial car insurance:
- Bodily injury liability coverage: If you’re at fault in an auto accident, this coverage may pay for injuries to the other driver and passengers; it also may cover you if you’re sued because of an auto accident up to your policy limits.
- Property damage liability coverage: If you’re at fault in an auto accident, this coverage may pay for damages to others’ property (like their car); it also may cover you if you’re sued because of an auto accident up to your policy limits.
- Medical payments coverage: This coverage may provide for medical expenses resulting from injuries in an auto accident sustained by you and your passengers. It may also cover your medical expenses as a pedestrian if you’re hit in an auto accident, and may provide limited funeral expense if you are killed in an auto accident.
- Uninsured or underinsured motorist bodily injury coverage: If the person legally at fault in an auto accident has no insurance or inadequate insurance to cover your damages, this coverage may pay for injuries to you and your passengers up to your policy limits.
- Collision coverage:Though a deductible applies, this coverage may pay for damage to your vehicle if you are at fault, and your vehicle hits another vehicle or object or overturns.
- Comprehensive coverage:Though a deductible applies, this coverage (commonly referred to as “comp”) pays for damage to your vehicle for reasons other than an at fault collision, including but not limited to fire, theft, hail, vandalism, or glass breakage.
How much liability coverage do you need? No one can predict exactly how much you would have to pay if you or an employee were to cause an accident. Only you can decide how much protection you need, so ask yourself how you would pay for any damages exceeding your liability coverage limits. The higher the limits on your commercial auto insurance, the more likely your policy may be able to pay all of the damages.
What amount of a Collision or Comprehensive covered loss are you willing to pay? A deductible is the portion of a covered loss that is your responsibility. For example, if you had a $500 deductible, you would need to pay $500 of the covered loss. Deductibles apply to both Collision and Comprehensive coverages.