Priority Insurance LLC Blog
Business auto liability insurance covers the financial responsibility when you cause damage. It also helps protect the company's assets if you get sued because of your vehicle that caused the accident. The policy pays for repair costs of damaged property or vehicles. Also, it provides legal expenses for lawsuits.
Who Are the People This Insurance Protects?
You need the commercial auto liability coverage if:
How Much Does Commercial Auto Liability Coverage Cost?
In most states, a minimum amount for this insurance is required. Or financial responsibility evidence is needed. Companies prefer more than the required minimum amount for commercial auto liability coverage. This is because the injured party may issue for a larger amount than the minimum policy.
At least $100,000 commercial auto liability coverage the Nationwide requires per vehicle. The recommended minimum amount is $500,000 up to $1,000,000. You can also consider the business commercial umbrella policy for even more coverage. This is a cheap way to obtain extra coverage to cover bodily injury and property damage. It handles where your business liability insurance stops.
Which Vehicles Are Covered Automatically?
The following are vehicle types automatically protects once you have purchased them:
Any business with auto assets should provide commercial auto liability coverage. The insurance coverage saves you money from large claims and auto-related lawsuits. It also aids in financial responsibility whenever an auto accident happens.
At Priority Insurance LLC, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (864) 297-9744. You can also request a free quote by CLICKING HERE.