Business owners are faced with many decisions and challenges. Finding affordable insurance coverage for their company vehicles should not be one of them. Commercial insurance has many of the same coverages as personal auto insurance, but it differs in some technical ways such as eligibility, exclusions, coverages, and limits. Our goal at Velox Insurance is to make sure that your commercial vehicle is properly insured with all the appropriate coverages found in a commercial auto policy.
A Velox Insurance agent can help you find affordable coverage for your commercial auto. Call your local agent at 1-855-Go Velox (468-3569) to protect your commercial vehicle today!
Below are some of the coverage options for your commercial auto insurance. Your Velox Insurance agent will help you assess what type of coverage is best for your needs.
Collision Coverage pays, up to the coverage limits, for damages caused to your vehicle or a vehicle you are operating if it hits another car, object, or overturns. This type of coverage is typically required if you are financing your vehicle.
Combined Single Limit
Since liability policies usually offer separate limits that apply to bodily injury claims for property damage, a combined single limits policy provides the same dollar amount of coverage per covered occurrence whether bodily injury or property damage, one person or several.
Comprehensive Physical Damage Coverage
This type of insurance provides coverage for damages to your vehicle or any vehicle in your custody resulting from incidents other than collision such as theft, fire, vandalism, flooding, hail or other perils. It is usually required if you have a vehicle loan.
Liability insurance provides coverage to pay for another individual's bodily injuries or damages to their vehicle or property that you are legally responsible for.
Medical Payments Coverage
If you and your passengers are injured or killed in an accident, Medical Payments Coverage will pay for your doctor, hospital and funeral expenses regardless of who is at fault. This type of insurance also covers you as a pedestrian if you are hit by a vehicle.
Property Damage Liability Coverage
This type of coverage protects you if your accidently damage someone else's property with your vehicle. It also provides coverage for legal fees in most cases.
Uninsured/Underinsured Motorists Coverage
If you are in a hit-and-run accident or if you are in an accident with someone who does not have insurance, this Uninsured Motorist Coverage pays for pain and suffering which is not covered by medical, disability and Personal Injury Protection. Underinsured Motorist Coverage pays for bodily injury to you or your family resulting if the person legally responsible does not have adequate coverage.
The cost of your commercial auto insurance varies depending on the factors that need to considered, which include driving history, age, Zip Code, and more. Fortunately, you have control over your insurance rates. Being a responsible driver yourself and training your employees to be one can qualify you for lower rates at Velox. Aside from that, we also have the following discounts in store for you that you can enjoy!
Full Payment Discount
Being in the business industry yourself, you already have an idea of how much paying upfront can be helpful to you when you’re looking to save money on expenses. Velox Insurance has policies that include discounts to those who are able to fully-pay their premiums.
Safety Devices Discount
If your commercial vehicle is equipped with Anti-lock brake systems and passive restraints, you could earn an insurance rate deduction.
If your business belongs to a certain association or organization, you might just be in for a treat! Contact our agents and see if you can get insurance deals to help you save on your insurance expenses.
Know more about deals and discounts by calling us at 1-855-468-3569 or visiting our office nearest you.
How does commercial auto insurance work?
Commercial auto insurance provides coverage to vehicles that are utilized for business purposes. It doesn’t only cover the vehicle itself, but the driver and passengers as well. Being a business owner, you may buy commercial auto insurance for one or more vehicles. Here at Velox, we offer a wide array of optional coverage, allowing for more flexibility in terms of your needs.
Why should I get a commercial auto insurance?
You need to get a commercial auto insurance for any of the vehicles used for your business because your personal automobile insurance policy won’t be able to protect your commercial vehicles. It will also help your business in saving money from the costs of property damage, injuries, and other accidents. Aside from being vital for your business, commercial auto insurance is also required by law.
What is covered in a commercial auto insurance?
Aside from protecting your business financially, commercial auto insurance also protects your employees in case of accidents. It also protects the vehicle, equipment, and the merchandise inside while in transit.
What types of commercial vehicles are included in the coverage?
All types of commercial vehicles are included in your commercial auto insurance coverage.
If you have more queries, you can contact us here or call us at 1-855-468-3569.
Your commercial vehicles are vital for your business to run properly. Without them, you cannot deliver the goods and services that your clients are purchasing from you. That is why it is very important that you get the right protection from a reputable company for these vehicles. Here at Velox Insurance, we are committed to giving you a reliable insurance coverage that is priced competitively. You will be able to enjoy a flexible coverage that is tailored according to the needs of your business. Give yourself a peace of mind and buy a commercial auto insurance from us!
Call us at 1-855-468-3569 for more information about our insurance policies and coverage. Or you can visit us at our office nearest you.