CSP Insurance Services Home Page
  • Home
  • Get A Quote
    • Annuities
    • Automobile
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Builders Risk
      • Workers Compensation Quote
      • Employment Practices Liability Insurance
      • Technology Errors & Omissions Coverage
    • Condominium
    • Flood
    • HealthImage of right arrow
      • Health Insurance Quote
      • Disability Insurance Quote
      • Long Term Care Insurance Quote
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Homeowner Flood Quote Form
    • Life
    • Motorcycle
    • Renters
    • Watercraft & Boat
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Add Driver to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Add Driver to Existing Commercial Auto Policy
      • Remove Driver from Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
  • Claims
    • Automobile
    • Business & Commercial
    • Homeowners
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Calculators
    • Free Reports
    • Insurance Glossary
    • Frequently Asked Questions
    • News Center
  • About Us
    • About CSP Insurance Services
    • Location Map
    • Employee Directory
    • Privacy Policy
  • Contact
    • Contact Us
Alternate Content
Commercial Personal Life & Health Real Estate Get A Quote
Home > Blog > The Necessity of Commercial Auto Insurance for Contractors
TUESDAY, DECEMBER 27, 2022

The Necessity of Commercial Auto Insurance for Contractors

Contractors, from plumbers to electricians, usually run mobile businesses. After all, they generally have to visit other properties to be able to render the necessary services. So, when you are traveling for business, you need the appropriate motor vehicle insurance. Usually, commercial auto insurance is the best, if not the only solution for all contractors. Consider how this coverage can help you.a person driving a car

What’s Commercial Auto Insurance?

A business auto policy covers vehicles owned or used by businesses in the course of their duties. It works a lot like any other car insurance policy, because it helps vehicle owners pay for vehicle repairs, lawsuit settlements and other costs when wrecks or other accidents occur.

The way commercial auto insurance differs from a private policy is because it accounts for the fact that a business owns the vehicle, or that employee drivers operate on its behalf. The policy usually includes expanded coverage limits to account for the fact that a business could face significant costs in case a vehicle accident occurs. It has coverage limits that are designed to make it better than personal auto policies at covering such risks. Most commercial policies will not cover business vehicles for this reason.

Why do I need it?

If you are a contractor, and you have to drive from work site to work site, day in and day out, then you probably need a commercial auto insurance policy. Suppose that you have a wreck while driving between a property under construction, and your main office:

·        If the wreck was your fault, then your auto liability insurance can pay for the property damage or injuries you caused to other drivers. It can even help the business settle lawsuit costs in case those parties sue the business.

·        Damage to a business vehicle is a financial loss. If your policy includes collision insurance, the policy might help you pay for the repairs.

·        When another driver is at-fault for the wreck, they might not have enough liability insurance themselves to cover your own losses. When your policy covers uninsured/underinsured motorist protection, then it can pay for your vehicle’s damage instead.

Coverage exists because it helps the business cover numerous costly losses without having to dig into its own pockets. It can even include roadside assistance coverage to help business owners when their vehicles run out of gas, have flat tires, or experience costly inconveniences. All in all, it can include numerous perks to help your contracting vehicles in good shape and on the road, with a minimum of cost inconvenience.

Posted 7:03 PM

Tags: commercial auto
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021

  • workers compensation(5)
  • home insurance(4)
  • auto insurance(4)
  • insurance(3)
  • coverage(2)
  • commercial auto(2)
  • auto(2)
  • gap insurance(1)
  • workers comp insurance(1)
  • liability insurance(1)
  • car(1)
  • policy(1)
  • workers comp(1)
  • teen drivers(1)
  • vehicles(1)
  • business insurance(1)
  • home safety(1)
  • homeowners(1)
  • employee(1)
  • cyber liability(1)
  • commercial(1)
  • commercial auto insurance(1)
  • cyber security(1)
  • general liability insurance(1)

View Mobile Version
Copyright © 2021 CSP Insurance Services |
2420 Hoffmeyer Rd, Suite D | Florence, SC 29501
| Ph: 843-519-255
Privacy Policy
Licensed in SC, AL, AZ, FL, GA, IL, KY, LA, MA, MO, MS, NC, NM, NV, OR, RI, TN, TX, VA, WI
Facebook Twitter LinkedIn Google+ Blog RSS Feed