How to get the lowest insurance rates on Commercial Auto
and Commercial Truck Insurance (without sacrifycing
There are thousands of articles on Internet
which tell you how to cut your insurance premium by lowering
coverage and increasing deductible. Basically they are
telling you, "you get what you pay for." However, the
reality is that most clients do not get what they pay for.
Reason is that the clients fail to provide sufficient
information or documents to qualifiry for discounts. Please
read and see how easy it is to have the correct rating and
premium for your commercial insurance policy.
Have a copy of your current commercial auto insurance
policy. Insurance companies offer a big discount for
continus insurance even if it is by another insurance
company. If you do not provide that document, you will lose
from 5% to 15% discount.
2. Contact your current
Commercial Insurance and ask for a copy of Loss Run (They
may call it Loss History). This is a must have, otherwise,
many insurance companies stop offering quotes for you. If
not provided, you will lose another 10% to 20% of discount.
3. Provide a copy of your Business General Liability
insurance. This is a 10% discount.
4. Make sure the
drivers do not have tickets or accidents on their driving
record. DUI on any driver's record will hurt your business
financially. A few insurance companies do not even offer a
quote for someone with DUI. So you must make sure to get a
copy of driving records for new driviers and keep an eye on
their driving activities.
5. Download a safety
commercial truck manual from Internet and distribute to your
drivers. This is a small discount.
6. Have reguilar
maintenance of your vehicles and keep the records; this is
another small discount.
7. Ask if the agent/broker
charge a broker fee.
And then call us. We have the
top Insurance Companies for Commercial Auto coverage. Call
UsToll Free 1 (800) 707-4690
Company Information, The Driver(s) information, The Vehicle
Information; if you have a copy of your current decklaration
page, fax it to us at: (310) 385-0886
and Financial Associates is a premier provider of all types
of commercial and personal insurance services. We are
offering all types of commercial insurance plans relevant
for every small and large business. Commercial Auto
Insurance is an important part of our Commercial Insurance
plans. We understand all the important automobile insurance
needs of commercial organizations and present our most
beneficial schemes to provide maximum possible coverage.
Business auto liability insurance is an important
safeguard for your business. If you or an employee is sued
following a serious accident, liability insurance protects
your company’s assets.
Business auto liability is
required in most states
Business auto liability
insurance covers the financial responsibility if you or an
employee is at fault in an accident and people are injured
or property is damaged. A minimum amount of liability
insurance (or proof of financial responsibility) is required
in most states. Some states also require underinsured
motorist and uninsured motorist coverage to protect you when
the other driver at fault is unable to pay the total cost.
Collision or comprehensive insurance is often optional.
Is minimum commercial auto liability
Minimum required coverage varies by
state, and typically is the same for both personal and
commercial auto liability policies. Many companies opt for
coverage above the minimal levels required by many states.
The reason? If an injured party chooses to sue for a larger
amount than is covered by a minimal policy, it could
seriously threaten many small businesses.
of your assets with business auto liability insurance
There are no clear rules for determining how much
business auto liability insurance you need. Nationwide
requires at least $100,000 commercial auto liability
coverage per vehicle, with a recommended minimum of $500,000
up to a maximum of $1 million.
For higher coverage, a
business umbrella policy is another option. It picks up
where your business auto liability, general business
liability or other liability coverage stops. Umbrella
insurance is an inexpensive way to provide extra coverage
against bodily injury and/or property damage.
example, if your current commercial liability policy covers
you for $1 million and you are successfully sued for $1.5
million, your business umbrella coverage can pay the
outstanding $500,000. This can be a far better option than
having it come out of your business profits.
the Enhanced Commercial Auto Coverages
What We Cover
How You Will Benefit
Lease Gap Coverage
insurers charge extra for this valuable protection. But as
long as you elect our physical damage option, The Hartford
can pay the outstanding balance of a lease–if your car is
totaled in an accident and the remaining lease exceeds the
car's actual cash value.
The Hartford's commercial auto
policy includes coverage for transportation expenses you
have to incur if your private passenger car is stolen, such
as the cost of renting a vehicle or using public
Broadened Coverage for Extra Expense
If you elect comprehensive coverage on your commercial auto
policy, The Hartford can pay any extra expenses involved in
returning an insured automobile that has been stolen and
Bodily Injury and Property Damage Liability
If your business is held liable for someone's injury or
property damage, The Hartford's policy would help protect
you against financial loss.
insurers, The Hartford's commercial auto policy will waive
the deductible if you have damaged glass repaired instead of
Hired Auto and Non-Owned Auto
covers damages you are legally required to pay due to bodily
injury or property damage that occurs during the use,
loading or unloading of hired or non-owned vehicles used for
Liability Coverage for Business Use of
Your Employees' Cars
If your employees use their own cars
for company business, you can rest easier knowing you've
added this optional protection to your Hartford commercial
auto policy. Then, if your employees were involved in an
accident while using their own vehicles for company
business, you can be protected if someone sued you for the
resulting damage or injury.
Medical Payments for You or
If you choose to purchase this coverage
and are in an accident or struck by another vehicle, The
Hartford's commercial auto policy can pay medical expenses
for you (if you are not covered by workers' compensation) as
well as passengers in your vehicle.
If your Hartford commercial auto policy
includes coverage for collisions, you will be when your
vehicle is physically damaged in an accident involving
another vehicle or a stationary object, such as a building,
telephone pole, or guardrail.
Liability Coverage for
Accidents Involving Your Company-Owned Cars
helps protect you when someone else claims you (or someone
driving your covered car) are legally liable for either
bodily injury or property damage. The Hartford extends your
commercial auto liability protection to employees who may be
sued by other employees because of an accident.
If you elect The Hartford's
comprehensive coverage on your commercial auto policy, it
can help pay for physical damage to your insured autos
caused by a variety of risks, including fire, lightning,
theft, vandalism, hail and flood.
Sound Receiving and
Coverage is included for
permanently installed electronic equipment designed solely
for the reproduction or transmission of audio, visual, or
Hartford's uninsured/underinsured motorist coverage protects
you in case you are injured in an accident caused by the
negligent operation of an uninsured auto or by a hit-and-run
motorist. It also protects you in case you are injured by
someone who has less liability coverage than you.
Commercial Heavy Truck Insurance
Truck insurance is
specifically designed to protect heavy vehicles. With
Liability Insurance options ranging from minimum limits up
to $1 million combined single limit (CSL), there’s a
commercial car insurance policy that’s just right for your
Common vehicle types covered under our truck
Express delivery trucks
And many more
Commercial car insurance can insure more than just your
trucks, such as light duty pickup trucks, cars, vans and
New Business Insurance
A new business is
any business that’s just getting started, whether it’s still
in the planning stages or you’re still in your first year of
operations. Progressive offers a range of commercial auto
insurance products designed to meet the specific needs of
Seasonal Business Vehicle Insurance
A seasonal business is any business that operates only
during specific times of the year, such as during specific
months or for an entire season. Seasonal businesses can be
trucking or small businesses.
Examples of seasonal
businesses that might need commercial car insurance include:
Ice cream trucks
In modern fast and competitive
business environments, many organizations need vehicles for
smooth business operations. Company employees drive these
vehicles. In case of accidents or other possible damages to
your vehicles or the person driving that vehicle, a
commercial auto insurance policy covers the liability and
physical damage both related to company owned vehicles.
It's a mandatory law for every commercial vehicle owner
to purchase a commercial auto insurance policy with a
minimum amount of liability defined by the state. All states
have different minimum coverage limits for the damage of
injury caused by an accident.
Selection of Most
Beneficial Auto Insurance Policy
You have several
options to choose from Auto Insurance policies. However, the
selection of right auto insurance policy depends upon two
different aspects, like:
1. Selection of vehicles –
Whether you want coverage for all company owned vehicles;
all owned, hired and leased vehicles; or all vehicles
including those not owned, hired, or leased by company, but
used for business purposes.
2. Physical damage coverage
(collision, comprehensive, and specified perils)
Business Auto Insurance: This coverage can provide drivers
(qualified staff) and auto (s) with vital protection against
injury, loss or damage to vehicles or cargo, plus damage to
other property as well as potentially devastating liability
costs resulting from an accident involving vehicles and its
passengers. Coverage’s include:
Collision: Protects the organization in the event a business
vehicle is damaged in an accident, either with another
vehicle or any stationary object, such as a utility pole, a
brick wall, or a building.
Comprehensive: Protects the organization in the event of
damages to a business vehicle which were not caused by
collision. Some examples are: vandalism, fire, theft, or
Uninsured or Underinsured Property Damage:
Protects the organization for damages to a business auto
caused by the negligent acts of a driver who has no
insurance or not enough property damage coverage.
Uninsured or Underinsured Liability: Protects the
organization in case of bodily injury in an accident caused
by a negligent driver with no liability insurance or less
liability than the policyholder.
Lease Gap Coverage:
Provides the organization with coverage for leased vehicles
that are scheduled on the policy. If the leased vehicle is
completely destroyed in an accident, this coverage will pay
the remaining balance on the lease if it is more than the
actual cash value of the leased vehicle.
Your Business Vehicle Insured on Your Personal Auto Policy?
If any vehicle is used regularly in the operation of a
business whether you are transporting students, picking up
school supplies, going to a residence or business for the
purpose of selling a product or providing a service you are
driving a commercial vehicle. It might me a privately owned
Lexus, a Dodge Ram pickup, or an Econoline Van, it is a
commercial vehicle. You may have had your "business" vehicle
insured on your personal auto policy for years and
everything has been just fine, but what do you think would
happen if you were involved in an accident while you were
hauling 45 sheets of plywood? Once your personal auto
insurance company determines that your vehicle was being
used for business purposes at the time of the accident, you
could have some very serious problems. It could go as far as
having your claim denied, a standard question on all
personal auto insurance applications is - "Do you use this
vehicle for business purposes?".
Umbrella Insurance: For added protection against large tort
liability, umbrella policy forms are uniform to the primary
coverage eliminating potential gaps in coverage. Umbrella
insurance is designed to protect organizations against those
multi-million dollar losses no company ever wants to have.
Once a school operation is protected by the basic types of
insurance coverages (like commercial auto and commercial
package policies), organizations should consider an umbrella
policy for extended coverage. An umbrella policy is
available in increments of $1,000,000. and would provide
additional coverage once the limits of the underlying
policies have been exhausted.
Read this brochure
for more information
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