The Right Coverage For Your Business Vehicle
As a business owner in Iowa, it is very common to have vehicles that your employees drive. That makes it extra important to make sure you have the right commercial insurance policy for the cars, vans, or trucks used for your business needs.
Business Auto Insurance
If you own one or more vehicles for business use — perhaps a catering van or a landscaping truck — chances are that they are critical to making sure your daily operations run smoothly.
Since a personal auto insurance policy won’t safeguard your vehicle in case of an accident, Commercial auto insurance is an absolute must. This form of insurance will cover you if an employee has an accident while driving a company vehicle and the victim sues, if an employee is injured in a vehicle and requires medical care, or if the auto ends up in the shop when you need to use it.
Commercial vehicles covered under such a policy include cars, vans, trucks, trailers and more.
Bodily Injury Liability: This will pay any damages due to bodily injury to others that you are responsible for. If for some reason you are sued, this will cover damages from this as well.
Property Damage Liability: This will pay damages due to property damage to others that you are responsible for. If for some reason you are sued, this will cover damages from this as well.
Personal Injury/Medical Payments: This coverage will pay medical and funeral expenses for bodily injury to a covered person sustained in an accident in your auto in most cases.
Collision: This coverage will pay for a car or vehicle under your policy that is damaged in a collision.
Comprehensive Coverage: This will pay for vehicles that are on your policy, if they are stolen or damaged by causes other than collision.
Uninsured/Under-insured Motorists: This will pay for injuries, and in many circumstances property damage, if you are involved in an accident with another uninsured person.