Commercial vehicles can be a serious asset for your business. As with all aspects of business, you’re going to need to make sure it’s insured and financially sound. Here are some essential factors that you’re going to want to make sure that your commercial vehicle insurance covers.
Uninsured Motorist Coverage
No matter how good your drivers are, there’s always a solid chance that they might be the victim of an accident due to circumstances completely out of their control. One possible situation is that of the other driver not being insured – which can be a problem regardless of who was at fault. Uninsured motorist coverage means that you are protected in that exact circumstance. This is unfortunately all the more common because of how expensive auto insurance can be for lower-class families, and other such individuals who simply cannot afford it. Many people still drive without insurance because of the necessities of their jobs, so make sure you get this coverage included.
This one is a must-have. Inevitably, there’s going to be a situation where one of your vehicles gets stuck – maybe due to snow, ice, mud, or a breakdown. The great thing about roadside assistance is that it usually doesn’t discriminate against cause but will always provide help. That’s usually in the form of a tow truck but check with the insurance company to know what their specific policy is. They also should be equipped to assist whatever specialized vehicle your business may be using. Roadside assistance can help recover trucks when they’re stuck on the road, as well as vans and even semi-trucks, if it’s the right company.
In the case of an accident where your employee was at fault, your commercial auto insurance will be expected to cover the damage done to both your vehicle and whoever else’s is involved. But they can also cover medical payments, if such coverage is included. Make sure that it is. That will help both your employees and the others involved in a potential accident avoid painful financial dangers while in the middle of a very difficult physical and emotional time. Some versions of this may cover only your employees, some may cover both employees and others involved – so make sure to check.
It’s not fun to plan for accidents – but it is important. Accidents happen to everyone, no matter how careful. This might be due to the bad decisions of others or the weather or just plain old bad luck. But if you go in prepared, you’ll have your business outfitted to deal with the worst.
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