Missouri Commercial Auto Insurance
One day, an employee of a successful business in the Southwest Missouri area was making a delivery to a regular customer. While answering an incoming call to his cell phone at a four-way stop, he failed to yield right of way to the vehicle that arrived at the stop moments before him. While no one was injured in the accident, the owner of the company vehicle was responsible for the damages to the other vehicle.
In another incident, a business partner was picking up an associate at the local airport for a meeting across town. Caught up in conversation regarding the merger that was the topic of the important meeting, the driver failed to notice that the upcoming traffic light had changed to red. There was not enough time for the approaching tractor trailer to stop before ramming into the side of the sedan.
Unfortunately, the vehicle was a total loss and neither the driver nor the passenger survived the accident. The company that owned the vehicle was found to be responsible for all costs related to the accident, including funeral costs for both deceased parties.
While one of the aforementioned accidents was a small fender bender and the other a devastating tragedy, they could have been worse. You see, both of the companies that owned the vehicles involved in these accidents had adequate Commercial Auto Insurance. This means that all of the expenses in both cases, both large and small, were covered without the business owner having to pay for anything out of his or her own pocket.
Coverage for Your Employees and Your Company Vehicles
The risks that every business owner faces will vary greatly from the liability risks they encounter to the workers compensations that they are required to obtain. If you have company vehicles that either you or your employees operate, you need to ensure that you have taken the necessary steps to protect your business finances in the event there is an incident on the roadways.
Do You Need Commercial Vehicle Insurance?
If you or any members of your staff use a vehicle for business purposes, you need a commercial vehicle policy effectively in place. Some common business situations that may require Business Auto Insurance include the following:
- Freight businesses and any other company that uses commercial trucks
- Independent contractors who have cars and trucks that they use throughout the course of getting the job done
- Any business that uses a vehicle to transport or deliver goods
- Bus companies, taxi services, limousine companies and any other company that provides transportation services
A standard Auto Insurance policy is not going to provide coverage for a vehicle that is used to conduct business related activities. In addition, the risks that are related to using a vehicle commercially, both company and personally owned, often require different policy provisions and higher policy limits.
Under certain circumstances, it will be obvious that you need to invest in a Commercial Auto Insurance policy. For instance, if you run a parcel delivery service, catering company or limo service, you know without a doubt that you are taking a risk each time you or a member of your staff drives off the lot in a company owned vehicle.
On the other hand, there are also a number of scenarios where the need for Commercial Vehicle Insurance may not be quite as clear. Imagine you use your personal vehicle to drop your children off at school in the morning and then deliver cakes from your bakery during the day. In the winter, you may attach a plow to the front end of your truck and do snow plowing jobs to earn a little extra money.
If you use your vehicle for any commercial tasks, you may need to invest in a proper Business Auto Insurance policy. Take the time to talk with an insurance agent who can identify your business's unique insurance needs and will be able to help you make the best decisions when it comes to finding the protection for your company.
One of the best ways to ensure you have the right Commercial Vehicle Insurance for your exact needs is to work with a trusted Capstone Insurors agent. We have several clients in this area and have the expertise to provide adequate coverage to meet the needs of your business.
Our professionals build relationships with each and every client to make certain that every aspect of your insurance needs are properly addressed. Complete the risk free quote request form right away to contact an agent today who will answer all of your questions and help you obtain the coverage that you need. You or one of your employees could be involved in an accident the very next time behind the wheel. Do not wait until it is too late to start thinking about the right coverage for your company vehicles. Act now.