Commercial Auto Insurance Facts Posted On New Website

Commercial Auto Insurance coverages are recommended by the authors of the new website on the topic. Business owners are educated about the risks that can affect their businesses and assets.

March 21, 2016 /MarketersMedia/ —

Commercial Auto Insurance is the topic of a new website designed to inform and educate business owners about the importance of ensuring that the business is well protected from risks that can affect the business and its assets. A business-owned vehicle can put the business at risk of legal action if there is an accident where the vehicle is involved. This may be true whether or not the business vehicle is the cause of the accident.

The article points out that there are several sub-categories of insurance within the general category of auto insurance. The business owner should carry personal as well as business insurance. If a vehicle is titled in the name of the business, commercial auto coverage should be taken out. Irrespective of the purpose of the vehicle the coverage should be commercial if the title reflects business ownership.

The liability limits of the state in which the vehicle is licensed vary, The liability limits should be considered when covering commercial vehicles, however, increased risk is encountered when the business vehicle is involved in an at-fault accident. Carrying high insurance limits to protect business assets is recommended.

Proper classification of the business vehicle according to its purpose is important. In this instance, the example of electrician’s work truck and a dump truck is used. Premium amounts will be dissimilar. An extensive list of vehicles which should be covered with commercial insurance is provided.

Specific coverage categories and amounts for the State of Illinois are provided in the website. These include liability and uninsured motorist/ under-insured motorists. Coverages which may be required based on the nature of the business. One example would be long-haul trucking businesses which might require cargo coverage. There are also some optional coverages for business vehicles. Physical damage coverage can help to protect assets, as are medical installments, and hired and non-owned auto coverage.

For more information about us, please visit http://www.commercialsautossinsurance.net

Contact Info:
Name: Auto Insurance
Organization: Commercial Auto Insurance

Source: http://marketersmedia.com/commercial-auto-insurance-facts-posted-on-new-website/107861

Release ID: 107861