New Business: Now What?
So you’ve decided to start a new business specializing in white-glove delivery. Now what? Aside from a company name, logo, and employees, you need to consider the type of commercial insurance you will carry. One often overlooked type of coverage is commercial auto insurance.
Some think that personal auto insurance will cover employees and company vehicles in the event of an accident. Commercial auto insurance, however, is a must for any company that owns and uses a vehicle primarily for business purposes.
In addition to auto policies, your insurance agent will help you navigate the details regarding all the other types of coverage to ensure your business is fully protected.
Types of Vehicles Covered
If your business uses any of the following types of vehicles, be sure to obtain the proper commercial auto insurance policy.
- Delivery: Every delivery vehicle, from Amazon vans to Chick-fil-A delivery cars, must be insured under a commercial auto policy.
- Hauling: Business auto insurance is necessary whether you own a long-haul trucking business or a local moving company.
- Transportation: Commercial auto insurance is crucial for taxi, limousine, and chauffeur businesses.
- Company: A company car used for running errands, transporting clients, and picking up business materials must carry commercial auto insurance.
Overall, relying on employees’ personal auto insurance policies can leave your organization exposed to losses. Commercial auto insurance will provide financial protection for your business in the event of an accident involving a company vehicle.
Please contact Steve Longenecker (303-808-9351, x2) at Mountain Insurance: Longmont to discuss your business insurance coverage options in Longmont, CO, and our neighboring communities.
We give out $25 gift cards for referrals that become our insurance clients.
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