Business owners who have a fleet of company vehicles need to have Commercial Auto Insurance New Jersey. Commercial vehicles are not covered by personal auto insurance, so using a business vehicle with personal auto coverage is risky. Understand the specifics of commercial auto insurance, and know what determines your quote.
Commercial auto insurance provides coverage specifically for business vehicles including vans, trucks and cars, and it covers gaps in standard auto insurance policies. If the vehicle is listed under an organization’s name, it will usually need commercial insurance. Commercial policies cover things that standard auto insurance does not such as work-related situations, delivery and livery. That is why passenger auto insurance is inadequate for commercial vehicles.
Visit your insurance agent for questions regarding limitations in your personal car insurance policy because a majority of agents are unaware that clients drive their vehicles for both personal and business use. In this case, if there is an accident, you may not receive compensation. When visiting an agent for insurance, bring a list of vehicle ID numbers and employees’ names. Providing the correct information is essential for obtaining an accurate quote.
The agent will provide a list of insurance plans and options for commercial auto insurance New Jersey. Common coverage options include property damage, bodily injury, liability, uninsured motorist, medical payments and collision. These are set in place to protect business owners and their vehicles from common risks on the road. To obtain a suitable quote for your business, contact a reliable commercial insurance agent.