WHERE TO FIND THE BEST BUSINESS AUTO INSURANCE

A Business Auto Insurance is commonly issued to provide Business auto liability policies as vehicles are a daily essential in operating a business organization.it is equally important as insuring a personal vehicle used for travelling.  An automobile insurance is compulsory as the condition of the roads are beyond control of the driver and accidents could occur. The Auto defines any form of public transport as cars, vans or Lorries.

A Business Auto insurance policy agent or company will personalize a policy to suit the client’s requirement. A special policy could be tailor made to keep up with competitive rates, offers and coverages. The cost of an individual’s Business auto insurance could be affected by the type of business, location, the person who drives and the amount of coverage required. These could increase or decrease the insurance premium.

It is important to obtain an insurance for physical damage of the vehicle and other damages caused by the vehicle accident due to an individual driving it on business. Many states requires the motorists to be insured or possess a medical policy.

A business vehicle insurance could also be purchased for the vehicle owned by the business or vehicles which has been leased or hired. Different types of policies can be obtained depending on the coverage required according to the characteristics of the vehicle.

Usually auto insurance professionals will gather all the necessary information and quickly asses the vehicle if any accident or damage and settle the claim within a short time and also help in obtaining the most suitable insurance policy according to the information gathered.

A trained executive or agent could provide you with a quotation which may include coverages for accidents, medical coverage, auto liability, and coverage for the motorists, coverage if the vehicle is owned by another individual or the vehicle is on rent. And policies for employees who use their private vehicle for business purposes.

A personal auto policy will most unlikely provide coverage if the personal vehicle has been used for business purpose. The insurer will only pay damages according to the personal policy limit and not pay damages on behalf of the business.

There are a few types of physical damage to a vehicle in case of an accident. A Collison coverage is usually for vehicles if collided with another object or vehicle. Peril coverages hold a low premium and is usually for fire or vandalism. Comprehensive coverage is for more serious vehicle damages including natural disasters, falling objects or explosions and thefts.

The actual cash value if the ACV of the vehicle at the time of damages or loss will be calculated according to the market value, in order for the insurer to pay for damages. The best advice is to keep the premiums down, and it is best for the Business owners to verify the driver’s qualification prior entrusting him or her with a vehicle. All vehicles should be well maintained and the drivers should be never pressurized to be quick or encouraged for unsafety driving.

 

Which Types of Businesses Need Garage Liability Insurance?

A Garage Liability Insurance or Garage Keepers Insurance is a coverage designed specifically for business owners who own vehicle repair shops, towing services, service stations or businessman who possess vehicle dealerships. The Insurance covers a customer’s vehicle, property damage or physical injury to employees from the outcomes of an operations of a garage.

In addition the Garage Keepers Insurance also protects any individual in the venue as well as the machinery and equipment’s used, from vandalism and damages. Protecting machinery is very important than not having it insured and facing financial risks if a crisis occurs. The insurance policy protection will differ depending on the type of business and the services offered to the client, be it any form of repairs or storage.

There are many types of Insurance policies. Business Owners Insurance, Workers Compensations Insurance, Commercial Auto Insurance and Garage Keepers Insurance.

The Garage Keepers Insurance is best obtained if a business owner needs to protect the employees who operates machinery and equipment’s in case of emergencies or accidents. The owner in return may have to compensate the employee for his or her medical expenses such as surgery or treatment for the injury caused as well as the payment of compensation in the form of a salary.

If the business owner needs to gain additional coverage or protect the financial stability it is best to acquire an insurance policy for the Business garage operations. It is also advisable to note that only a part of the total value of the financial losses will be covered in case of robberies, or on repairs or workers compensation.

Each policy is designed based on the business operations within the garage and differ according to the business owner’s investment and other aspects. It is advisable to obtain an insurance policy that fully protects the Garage where the business owner may have to pay a premium.

A basic Garage Liability Policy is only designed to cover physical or property damages and the third party damages whereas a garage keepers insurance protects the business owner and if a client’s property is damaged while at operations in the garage business. This policy protects a client’s vehicle from damages caused by fire, natural disasters, and thefts .the damage caused by faulty repairs or invalid warranties will not be covered by the garage keeper’s insurance policy.

Despite the type of business owned, it is important to have an insurance. The Garage liability insurance is recommended for vehicle repair shops, service stations, detailing service centres, vehicle body and glass installation shops, vehicle paint and interior restoration services, lube shops and sound installation shops.

The most suitable insurance policy could be obtained by choosing the limits of the policy, the coverage options and the deductibles. It is best to compare policies issued by several companies prior settling into one Garage keeper’s Insurance policy. Well trained and experienced insurance agents will be available to assist a business owner by providing a variety of quotes to select and ensure that the business is on the right policy.

Commercial Truck Insurance: Guide to Getting the Right Coverage

Commercial trucks can be used for different applications and according to the role played by the trucks they have to be covered under commercial truck insurance. There are customized insurance policies for each of the trucks depending on the service they provide. Trucking Insurance is made up of many parts

There is the Comprehensive Truck Insurance, Motor carrier insurance, Trailer insurance, primary truck liability insurance, Cargo insurance, Physical damage insurance and non-trucking liability insurance. Liability insurance is very essential and pays for any damage that is caused with the truck.

Driving without this license is an offense which could result in heavy penalty. Physical damage insurance protects the truck in case of fire, flood damage and theft. Bobtail insurance covers your truck on the road.

Trucking Insurance for Commercial Trucks

If you are the owner/operator of a truck you need different insurance coverage to be on the road.  It is best to contact an agent to get the best deal and rate in Trucking Insurance. One of the insurances is general liability insurance which is required in every state. It protects the driver of the commercial truck in case he caused body damage or damage to property in the event of a crash. The Amount reimbursed by the company can be $35,000 – $1,000,000.

Physical damage insurance pays for repairs of the commercial vehicle when it is involved in a collision and vandalism. Motor truck cargo coverage protects the driver in case of damage or loss. Bobtail insurance takes care of the driver when he is driving for personal reason and trailer interchange coverage takes care of the driver when he is with vehicle not owned by him

How to get the Best Commercial Truck Insurance

When buying Trucking Insurance you need to be a little cautious and follow the right track. There are four important factors to be taken care of. The first step is the type of the truck and the type of cargo. Everything and everyone coming in contact with the driver during his travel should be considered. And the radius of driving and areas the vehicle will enter.

The insurance coverage depends on the three factors mentioned above and the driver’s record of driving and experience. It the truck is carrying livestock it should be covered for it  and if his carrying passengers they will need coverage  besides damages due to natural disasters need to be considered.

The Advantages of having Commercial Truck Insurance

Trucking insurance is very important when you have a fleet of trucks. It takes care of a number of situations but terms differ from one insurance company to another. Trucking insurance takes care of collisions that the driver and you could be involved and collisions which involve uninsured motor vehicles. Insurance also takes care of loss of earnings besides medical payments in case of injuries. Commercial truck insurance will take care of property damage and liability claims.

It provides cover to vehicles whether trucks or autos used in business. The commercial truck insurance coverage can be adjusted as per your requirements.

So if you have a business with a fleet of trucks and autos, have them properly covered by insurance so that you do not face any loss.

Commercial Truck Insurance: Bobtail Coverage for Independents

If you are a businessman with a single truck or are the owner of a company with a fleet of trucks you need Commercial Truck Insurance to provide coverage against all risks. Many of the insurance companies have been in operation in America for the last 40 years providing support, flexible payment options, and coverage. They also help with free filings and claim service which is specialized for heavy trucks.

They insure different types of trucks and offer customized coverages for trucks. If you have drivers working for you, some of them may be certified commercial drivers of trucks who travel around the country on tractor trailers delivering freight. Depending on the vehicles and the risks involved is the insurance coverage you have to pay.

Different Types of Commercial Truck Insurance

There are different types of trucks and as per the service performed by the trucks is the commercial insurance that has to be paid. Before buying the insurance you need to know the best policy for your truck and only an agent can help with the best Commercial Truck Insurance policy with the best rate.

There are different types of trucks which include garbage trucks, tow trucks, semis, box trucks, dumb trucks, tank trucks, auto trailers and car haulers and flatbed trucks. All these trucks play a different role and carry different stuff so require different Commercial Truck Insurance. When the semis are travelling without a trailer it will need bobtail insurance.

COMMERCIAL TRUCK INSURANCE

What does Bobtail Insurance Entail?

All drivers using semis without the trailer should know what bobtail insurance involves. It helps with liability coverage when the driver is driving the semis without trailer and with or without dispatch. It would also cover when travelling between loads without the trailer. You would also be covered under bobtail insurance when moving the semis without the cargo trailer to and from the terminal.

There is also non-trucking liability insurance cover which involves semi drivers when they are outside lease agreement with the motor-carrier. This insurance does not provide cover to semi drivers when they are under dispatch. It applies to semi drivers using the rig without trailer in their own time. The amount paid for non-trucking liability insurance is far less then bobtail insurance.

Bobtail Insurance for Independents

There are many owner operators who drive their own semis and bobtail insurance provides them coverage in all types of circumstances.  Sometimes the transport of the truck is not sanctioned by the company at other times the drivers are using the truck without being commissioned. When the truck is not commissioned it is not covered under the truck company’s insurance of primary liability.

In the case of independent operators bobtail insurance is also known as non-trucking liability insurance and covers the trucks when they are not on dispatch and involved in accidents. The damage suffered by the truck can be off job site, during recreation, at a service station or any other way. Your truck needs to have a comprehensive insurance and cargo insurance besides trailer insurance. Bobtail Insurance only covers your rig when it is being used without being commissioned.

If you are the owner of a 18 wheel truck, it is better to have bobtail insurance to take care in all eventualities.

BUSINESS AUTO INSURANCE

Business Auto Insurance policy is required under most circumstances when the vehicle is used for business purposes and meets certain other requirements. It is not just the registration that determines the requirement for a business automobile insurance policy. Other requirements are ownership by a corporation, use in hauling goods for hire and gross vehicle weight of the vehicle. Some small trucks can be owned and insured under a personal automobile insurance policy under specific circumstances

Do I need commercial vehicle insurance?

Let us help you determine the coverage you may need for your business.

While commercial vehicle insurance has some similarities to your personal auto policy, there are important differences in coverages, exclusions, definitions, limits and eligibility itself. Written and rated differently, commercial car insurance is needed for certain situations and vehicle types. Whether it’s transporting goods or people for a fee, using your vehicle to conduct a service, or employees operating a vehicle, you may need a commercial auto policy.

Business Auto Insurance coverage types

• Bodily Injury Liability Coverage: Helps pay damages due to bodily injury to others for which you are responsible. If you are sued, it also helps pay your defense and court costs.
• Property Damage Liability Coverage: Helps pay damages due to property damage to others for which you are responsible. If you are sued, it also helps pay your defense and court costs.
• Personal Injury/Medical Payments Coverage: Helps pay reasonable and necessary medical and funeral expenses for covered persons.
• Collision Coverage: Helps pay for a covered auto that is damaged by collision with another object. Coverage is subject to a deductible.
• Comprehensive Coverage: Helps pay for loss of or damage to an insured vehicle, not caused by a collision or vehicle rollover. Coverage may be subject to a deductible.
• Uninsured/Underinsured Motorists Coverage: Helps pay for injuries, and in some circumstances property damage, when you are involved in an accident with another person who is uninsured or does not have sufficient liability insurance. You’d be surprised how many people only carry minimum limits. Would you like to have the same coverage for yourself that you are providing the other person?
• How much liability coverage do you need? No one can predict exactly how much you would have to pay if you or an employee were to cause an accident. Only you can decide how much protection you need so ask yourself how you would pay for any damages exceeding your coverage limits. The higher the limits on your commercial auto insurance, the more likely your policy will be able to pay all of the damages.
• What amount of a covered loss are you willing to pay? A deductible is the portion of a covered loss that is your responsibility. For example, if you had a $500 deductible, you would need to pay $500 of the covered loss. Deductibles apply to both Collision and Comprehensive coverages accidents they cause.

We have the Business Auto Insurance to help meet your needs. Your Insuremart agent can help you determine what deductible amounts and coverage limits best fit your situation and provide business auto insurance quotes. 

1. COMMERCIAL AUTO INSURANCE

 Commercial Auto Insurance policy is required under most circumstances when the vehicle is used for business purposes and meets certain other requirements. It is not just the registration that determines the requirement for a business automobile insurance policy. Other requirements are ownership by a corporation, use in hauling goods for hire and gross vehicle weight of the vehicle. Some small trucks can be owned and insured under a personal automobile insurance policy under specific circumstances.

Business Auto Insurance policy is required under most circumstances when the vehicle is used for business purposes and meets certain other requirements. It is not just the registration that determines the requirement for a business automobile insurance policy. Other requirements are ownership by a corporation, use in hauling goods for hire and gross vehicle weight of the vehicle. Some small trucks can be owned and insured under a personal automobile insurance policy under specific circumstances

Do I need commercial vehicle insurance?

Let us help you determine the coverage you may need for your business.

While commercial vehicle insurance has some similarities to your personal auto policy, there are important differences in coverage, exclusions, definitions, limits and eligibility itself. Written and rated differently, commercial car insurance is needed for certain situations and vehicle types. Whether it’s transporting goods or people for a fee, using your vehicle to conduct a service, or employees operating a vehicle, you may need a commercial auto policy.

Business Auto Insurance coverage types

• Bodily Injury Liability Coverage: Helps pay damages due to bodily injury to others for which you are responsible. If you are sued, it also helps pay your defense and court costs.
• Property Damage Liability Coverage: Helps pay damages due to property damage to others for which you are responsible. If you are sued, it also helps pay your defense and court costs.
• Personal Injury/Medical Payments Coverage: Helps pay reasonable and necessary medical and funeral expenses for covered persons.
• Collision Coverage: Helps pay for a covered auto that is damaged by collision with another object. Coverage is subject to a deductible.
• Comprehensive Coverage: Helps pay for loss of or damage to an insured vehicle, not caused by a collision or vehicle rollover. Coverage may be subject to a deductible.
• Uninsured/Underinsured Motorists Coverage: Helps pay for injuries, and in some circumstances property damage, when you are involved in an accident with another person who is uninsured or does not have sufficient liability insurance. You’d be surprised how many people only carry minimum limits. Would you like to have the same coverage for yourself that you are providing the other person?
• How much liability coverage do you need? No one can predict exactly how much you would have to pay if you or an employee were to cause an accident. Only you can decide how much protection you need so ask yourself how you would pay for any damages exceeding your coverage limits. The higher the limits on your commercial auto insurance, the more likely your policy will be able to pay all of the damages.
• What amount of a covered loss are you willing to pay? A deductible is the portion of a covered loss that is your responsibility. For example, if you had a $500 deductible, you would need to pay $500 of the covered loss. Deductibles apply to both Collision and Comprehensive coverage

• accidents they cause.

We have the business auto insurance to help meet your needs. Your Insuremart agent can help you determine what deductible amounts and coverage limits best fit your situation and provide business auto insurance quotes.

Motor Truck Cargo Insurance

Motor Truck Cargo Insurance – Provides coverage for loss or damage to the load you’re hauling from any external cause during shipping, whether by land, sea or air.  Insuremart represents multiple carriers and can provide broadened Cargo Insurance for motor carriers who are transporting covered cargo under a bill of lading or shipping receipt.

The longer and more complex a supply chain is, the more likely it is to experience a costly disruption. Minimize financial setbacks with Cargo Insurance through Insuremart by protecting all freight shipments from the time they leave your facility until your client receives them. Our fully customizable solution protects your freight shipments in transit and warehoused goods against loss or damage with higher coverage limits than most standard carrier programs

Cargo coverage varies widely among carriers and is notable for what is not covered or what restricts your coverage. Below are features of some of the cargo polices we sell.

Some of the Cargo polices will include:

Coverage for unrecoverable freight charges after a loss.

Coverage for loss recovery expenses.

Coverage for cleanup and pollution removal expenses up to $10,000.

Single deductible for Truck, Tractor, Trailer and Cargo. Highest deductible will apply

Our cargo insurance policies can be customized based on your individual needs and we can offer you an affordable policy that will mitigate potentially large financial losses in the event you suffer a loss or damage.

Who needs Motor Truck Cargo Insurance? A growing number of risk managers require truckers to insure their cargo. You can meet that requirement with Insuremart’s Cargo Insurance coverage that are available through the many carriers they represent saving you the time and money of shopping rates.

Put simply, Cargo Insurance provides a cost effective way of covering your customer, as well as yourself for physical loss or damage to goods in transit. It provides added value to your customers and helps differentiate you from your competition.

We’ve got you covered, whether you are a one-time shipper or a large multinational with a complex supply chain.

Owner Operator Insurance

There are many risks on the road. Your truck could be damaged in an accident or from fire, hail or other disasters. It could be stolen or vandalized. Any of these issues could put your truck out of commission. Bobtail insurance offers you protection against these types of losses so you can feel safe that your income generating unit is protected!

Our Bobtail insurance offers 24-hour collision coverage for damages to your tractor or trailer.

Bobtail Insurance policies we offer include:

• Collision and either specified perils or comprehensive coverage
• A range of deductible options
• A variety of endorsements to customize your policy

Benefits that could be included in your Bobtail Insurance policy:

• Storage – You won’t need to pay for storage charges for a covered vehicle and loss
• Loan Gap Coverage – there might be a difference on the actual cash value and the amount still owed on a truck at the time of a loss. Gap insurance helps to cover that difference
• Federal Excise Tax on new vehicles – If the loss occurs within one year of the date of purchase of a new vehicle some of our carriers will reimburse the Federal Excise Tax.

Our flexible trucking insurance policies allow you to build a policy for your unique needs. You can enhance your policy to include the following benefits:

• Diminishing Deductible – How does no deductible sound to you? Be rewarded for safe driving! For every loss-free year, the original deductible will decrease by 25% until the deductible reaches $0.
• Single Deductible – When a tractor and trailer are insured under the same policy and damages result from the same covered loss, you’ll pay only one deductible.
• Downtime/Rental Reimbursement – We know that when your truck is down, you’re not making money. This enhancement provides benefits that pay while your truck in down; subject to a short waiting period.
• Personal Effects – Protect your personal property with coverage for the personal belongings you have inside your truck.
• Electronic Equipment – In today’s world, your electronics are an integral part of your business success. This covers the electronic equipment inside your truck.
• Tarps, Chains and Binders – The cost of replacing additional equipment can quickly add up. There are endorsements available that would cover those types of loses!
• Deductible Buyback – Lease contracts may require Owner Operator Insurance Independent Contractors to take on the deductibles of the Motor Carrier’s trailer and cargo. That can lead to significant, multiple expenses in the case of a loss.

Trucking Insurance

Obtaining the right Trucking Insurance for your operation is a serious business, so leave it to your Insuremart Professional agent.  We specialize in complete insurance coverage and packaged up solutions for your Trucking Company’s needs, including: General Liability, Primary Auto Liability, Non-trucking Liability, Bobtail Liability, Cargo Insurance, Occupational Accident Insurance, Workers Compensation, Towing coverage, Non-Owned Trailer Liability, Non-Owned Trailer Physical Damage, Trailer-Interchange Liability, Terminal Coverage, and Warehouse Legal.

Commercial truck insurance basically covers any risk involved if you or any of your employees are driving your truck and meets with an accident or gets the vehicle damaged. General truck insurance, on the other hand covers any damages made to the public by your truck. We have years of industry experience and a dedicated staff with significant knowledge and understanding relating to the trucking industry. We know how to develop and maintain insurance and risk management programs that are comprehensive and cost-effective while providing you with the coverage you need.

Trucks We Insure

Whether you drive tractor trailers, box trucks, flatbeds, or anything in between, if you depend on your truck to drive your business, Insuremart can help you protect your income.

We offer specialized truck insurance coverage designed for professional truck drivers like you. We offer truck insurance for most types of trucks, including:

• Box trucks
• Semi-trucks
• Flatbed trucks
• Front loaders
• Tank trucks
• Tractors
• Dump trucks
• Auto hauler trailer
• Garbage rucks
• Pickup trucks
• Flatbed trailers
• And many more…

Dedicated service and knowledge have kept our clients feeling secure about who is handling their Trucking Insurance needs. We know that different businesses have different Trucking Insurance needs. By offering customized flexible policies from various insurance carriers, we are providing the assurance you need that your policies are the best available in today’s market.

In addition to our aggressive representation on behalf of truckers, the Insuremart offers a complete range of affordable truck insurance to small-business truckers. Insuremart is one the most experienced commercial truck insurance specialist in the country and has been at the forefront of developing low-cost insurance products for owner-operators since 2002.