Just as your personal car insurance protects you from the financial impact of a car accident, a commercial auto policy protects your company in the event of an accident. Some policies also help to cover third-party injuries and property damage, as well as medical bills associated with an accident, while some may pay for repair or replacement of the company vehicle.
Commercial auto liability coverage is required by the state of Ohio. This also applies if your organization finances or leases vehicles; your lienholder must carry full coverage, possibly including gap coverage.
If regular usage of vehicles is part of your organization’s business, it’s worth finding a policy that meets all your needs so you can defray the cost of an accident. Among the coverage options your insurance agent may recommend are:
Reach out to ProtectALL Insurance today to learn more about your commercial auto insurance options.