Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. He has also been featured on sites like UpJourney.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that exis...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Apr 23, 2020

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Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Things to Remember...

  • As a small business owner, you have to wear many different hats
  • Obtaining commercial auto insurance quotes is easy, free and quick
  • [It’s a good idea to carry comprehensive and collision insurance

When you run a small business, you have to pick your budget battles carefully.

As a one-in-all business owner, will you analyze the cost of one type of paperclip and its durability over another in this Internet age? Or, will you work on cutting costs that make a big dent in the bottom line?

The latter is a wise decision. For one, if you have a boutique flower shop, a mobile dog grooming outfit or a pick-up dry cleaner service, you probably have a couple of delivery vans or more.

Commercial auto insurance is worth shopping around for various reasons. Many of the reasons go counter to your sense of truth.

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Truths about Commercial Auto Insurance

Both assumptions are huge fallacies. It is more likely than not that your auto insurance carrier values you less the longer you have been their customer. They sneak in price increases and you seldom receive the same great rates that a new customer receives.

Obtaining commercial auto insurance quotes is easy, free and quick. In a matter of minutes, you will have the chance to save a lot of money, evaluate and update your auto insurance needs and buy insurance for less money.

It might not seem apparent why you need a commercial auto or a business insurance policy. Both are vitally important because the insurance carrier will only pay out on legitimate claims.

Making an auto insurance claim against your personal insurance policy will not work if you are driving your work van when involved in an accident.

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Always Have Commercial Vehicle and Business Insurance

It’s the same thing when you are doing all of your accounting and filing paperwork for Bud’s at your home office.

The operative word is office, not home, in this case. That is at least the way the insurance carriers view situations where claims are filed.

Did you know that a fire that is started by your business in your home could negate your homeowner’s insurance policy? It is a costly mistake and a risk not worth taking.

Always buy commercial insurance coverage and business auto coverage for your company.

Commercial Auto Insurance Quote Tips

When buying commercial auto insurance, be sure to follow these tips:

  • Check auto insurance credit ratings
  • Shop around for the best insurance quotes
  • Check customer satisfaction after they have filed claims
  • Always have commercial auto and business insurance
  • Get discounts by buying multiple commercial policy types from the same carrier
  • Find a reputable insurance agent or broker

It’s wise to snag an experienced commercial insurance broker or agent for your business insurance needs. For one, they can advise you on what insurance products you may need to supplement any existing policies.

Choose from the great options that show up in your auto insurance quote.

Commercial auto does provide bodily injury and property damage liability coverage if you or your employees harm another person’s property or injures or kills someone else while driving your vehicles.

There is something a bit different from the personal policies here.

It is called combined single limit and that amount applies per occurrence to both property damage and bodily injury liability.

Collision and Comprehensive, Business Style

Additionally, on company vehicles, it might be a good idea to consider keeping collision and comprehensive at all times.

Collision covers damage from accidents. Comprehensive insurance covers theft, flood, fire, vandalism, among other potential pitfalls.

Ask what other coverage you may buy to cover your vehicles to suit your business.

The reason to keep continuous comprehensive is because you do not want to assume financial responsibility for your employees’ belongings if they are the victim of a burglary.

Additionally, your vehicles probably contain many items that cost money and have value to your company.

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Sifting through the Many Business Carriers

Find a name that everyone trusts in the business coverage arena. Look for a carrier who is able and willing to pay efficiently on claims. For this information, check A.M. Best, Moody’s and Standard and Poor’s.

Further, find out what other business owners have to say about the customer service, body shops and efficiency of benefits payouts.Choose from the various professionals based upon years of professional experience, relevant insurance experience for your trade or industry and in your geographic region.

Choose from the various professionals based upon years of professional experience, relevant insurance experience for your trade or industry and in your geographic region.

If you own a larger company and are finding insurance for a fleet of cars, look for special discounts. Find companies that offer quality coverage that is tailored to your company.

Often, auto carriers also provide other types of commercial insurance coverage that coincide with your present insurance policies. This may provide the added benefit of streamlining coverage and save money on insurance.

This may provide the added benefit of streamlining coverage and save money on insurance.

Finding auto insurance quotes is easy for your business. Choosing the best carrier for your company’s needs is more challenging. Though, it is worth the added effort just in case you need to file a claim. Seek coverage types that are specific to your industry, your company’s size and your region.

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References:

  1. https://www.progressive.com/glossary/comprehensive-and-collision/
  2. https://www.nationwide.com/commercial-auto-insurance.jsp
  3. https://www.progressive.com/commercial-insurance/
  4. http://www.rmiia.org/auto/steering_through_your_auto_policy/Filing_an_Auto_Claim.asp
  5. https://www.progressive.com/homeowners/home-owners-insurance-policy-types/
  6. http://www.consumerreports.org/cro/car-insurance/credit-scores-affect-auto-insurance-rates/index.htm
  7. https://www.farmers.com/business/
  8. http://www.ambest.com
  9. https://www.statefarm.com/insurance/auto/discounts