Business owners need appropriate insurance to protect their company from unnecessary financial losses. When your company owns a vehicle or several vehicles for employees, you want an appropriate commercial auto insurance policy.
What is a Business Auto Insurance Policy?
Business auto insurance refers to coverage for a company car, truck or any other vehicle used by your company. It may cover employees as well as the business owner. The policy protects the company from liability risks associated with driving a motor vehicle as part of your company’s services or in relation to the goals of the company.
What Companies Need a Commercial Vehicle Insurance Policy?
Any company using a motor vehicle needs a commercial vehicle insurance policy. A small business car insurance policy protects your company from liability risks when an accident occurs. It also allows you to put multiple drivers on your policy and allows your employees to operate the vehicle for a company service or in relation to your business. For example, it allows an employee to pick up materials or to drop off items for your customers. Depending on the needs of your business, you may cover large trucks or regular vehicles. The exact details in a policy depend on the needs of your business as well as the number of individuals with access to the vehicle.
Coverage You Need For Your Business
The coverage you need to protect your company from liability risks associated with motor vehicles varies. Generally, you need coverage for liabilities to protect against accidents. Liability coverage pays for damages to another vehicle as well as medical costs for passengers, the driver and other individuals involved in the accident when you or your employees cause the accident. You may want a comprehensive policy if you have concerns about the cost of repairing a vehicle after an accident.
Finding the right insurance policy for your business depends on the needs and goals of the company. When your company provides a vehicle to employees or requires an employee to drive, you may want small business car insurance to protect against liability risks. Contact Absolute Value Insurance today for a free business auto insurance quote or to learn more about your policy options.
In this insurance company which is ran by a dynamic couple, everything is done so professionally and with integrity that I don’t want to switch elsewhere! In fact, I switched my business and a rental home plus my residence to them. They are passionate about what they do and go the extra mile to find you the best plan with the best rate. Also, my family members switched to Absolute Value Insurance, and they were treated with the same professional manner and great prices.
Thank you Serafina & Igor!
Maryam M. , West Hills, CA
I’ve worked with Serafina and Absolute Value Insurance for years and she is great. She has lots of carrier connections & always hunts for the best rates, easy to work with and turns it around very quickly — even if off hours — they’re on it.
I recommend them to all my family & close friends.
Jared G. , Santa Monica, CA
This place is so helpful! They really know what they’re doing and will work hard to get you the best rate. Excellent customer service. Very friendly and knowledgeable.
Kat K. , Los Angeles, CA