Commercial Auto Insurance in Florida is one of the amounts you need to pay when running an enterprise.
Most people know that a commercial vehicle is a large truck, but this is not always the case. Any motor vehicle that is used for commercial purposes in the state of Florida needs to have an active insurance policy.
Also referred to as commercial vehicle insurance, it is a policy you take to protect the vehicles you use to run your business. The vehicles might be heavy hauler, garbage truck, refrigerator truck, cement mixer, tanker, flatbed, tractor-trailer, dump truck, vans, work cars, staff buses, truck, semi, tractor, and 18-wheelers, among others. This policy will shelter you from any risk that comes with the use of these vehicles during working hours.
The laws in Florida require every commercial vehicle to get a policy. Aside from keeping up with the law, the policy also shields you from legal liabilities, with you as the defendant.
Florida records around 400000 automotive accidents each year, and 10% of this figure involves commercial vehicles. Interstate 95, in Florida, is one of the deadliest roads in the United States due to the road accidents it records, of which a substantial number are commercial tracks.
If you are a business owner in Florida, here is what you need to know about commercial vehicle insurance.
When you operate a commercial vehicle, several risks come your way. They include damage to property, injury to road users, and also damage to the vehicles. When you get a commercial auto policy, you protect yourself and your business from various costs that may come with these risks. For example, if your vehicle causes injury to someone, and you do not have insurance, you will incur hefty legal charges. You can forego these liabilities by insuring yourself with cheap insurance for small business.
Most of the time, you will look to find the cheapest commercial auto insurance in Florida or look for value for whatever you will spend. There are several factors that firms look at to come up with the cost of your policy. These include the year of the car, the mileage, the type of business, or which material it transports. The firms will also consider if the vehicle operates locally or takes part in interstate commerce, also its claims history, and safety ratings. Your employees’ records may be an additional factor to run a check.
Commercial vehicle insurance cover various automobiles involved in any form of business activities. Some of the activities that require you to take this insurance cover include transportation of people and goods, hauling, and if you move oversized loads.
Going back to the point on risk, here are some of the perils that commercial auto insurance in Florida should cover:
– Comprehensive physical damage, which encompasses any damage to your vehicle.
– Combined single limit.
– Property damage and collision. In this case, it takes to account the property the car crashes, even if it is another vehicle. Here, the policy can come through to sort out repairs for the other party.
– Body injury liability, in case of injury or death of passengers or pedestrians. It also includes medical payments for personal injury to the driver and other employees.
– Protection against uninsured or hit-and-run drivers. The policies should also protect you against underinsured vehicles in case of a collision.
Does commercial auto insurance cover personal use? Personal auto insurance policies almost always exclude business use. If you are driving your own motor vehicle to and from work without using it for any business purposes, then it will be covered under your personal auto policy. Get an online quote now and our licensed agents may help you if you need to get a personal or commercial policy.
Running a business in Florida is a major responsibility that can involve many risks. You are responsible for keeping your employees, vehicles, and property insured from injuries and damages. Since almost every insurance policy covers some standard issues, price becomes the only significant difference among the policy offers. Get a quote and our expert agents will help you with all questions about rental car and coverage.
Florida is home to several insurance companies spread around the different cities in the state. You will need to be keen on your choice of an insurer to cover your commercial vehicles, paying much attention to credibility.
Here are some of the factors to look at when seeking a company that provides the best commercial auto insurance in Florida.
The first factor to look at is the legitimacy of the firm. It should be registered as a company and legalized to run its operation. This way, you are sure that the funds you pay for the policy are safe and that the company will come to your aid in case of accidents.
You can check on the insurance regulatory authority to see if the company has the authorization to operate.
The policies you take for your vehicle need to be flexible to reflect on your financial position and preferred payment arrangements. You may get firms that allow you to take monthly covers or yearly covers paid in installments. A flexible model of pay is ideal for growing businesses.
Some policies are comprehensive and will cover several risks under one cover. Apart from flexibility, they are also affordable.
Different insurance firms charge differently when it comes to insurance covers. While the personal cheap insurance near me seems attractive, you should pay much attention to the value it offers. Understand that the cheaper the offer, most of the time, means a less attractive package.
A commercial auto insurance broker can advise you accordingly on which policy to go for depending on cost.
Another important area to look at when getting a suitable insurer is how they tackle claims settlement. One of the major complaints clients have when dealing with insurance firms is the frustrating and slow process of settling claims. You should look for insurers renown for a speedy settlement process. It shows how professional and reliable they are in giving you your dues.
Florida witnesses a substantial rate of accidents annually, most of which involve commercial vehicles such as trucks and vans. This fact shows you the need to have a policy for your vehicles at all times. The law, in the state of Florida, requires all businesses to have their commercial vehicles insured. Truckers insurance helps shelter you from risks, most of which come through accidents.
When getting a commercial vehicle cover, you should know what the policy entails. Get the right insurance company, and you have the guarantee of a smooth business environment. Furnish yourself with more info on commercial auto insurance in Florida to understand how things go in this state.
Our agency is one of the leading independent insurance agencies in Tampa and Brandon, FL. We are ready to help you find better coverage for cheap.
Our agency may help you get coverage and protect your business in Florida and Texas. We can give you quotes for your passenger vehicle, passenger bus, box truck, cargo van, pickup truck, sport utility vehicle, heavy haulers, garbage trucks, dump truck, refrigerator trucks, cement mixers, tankers, flatbeds, tractor-trailers, semi, tractors, 18-wheelers, and others business vehicles.
Getting the right coverage for your business vehicle is easy. All you need to do is to click the button below and fill out the quote form. We are a commercial auto insurance agency in Tampa, Florida. We may help you get coverage and protect your business.
Let us help you find the best available coverage at the best possible price. Various payment options are available, including low down payments, monthly payments, and deductible options that will suit most budgets. Let Insurance Direct assist you with your insurance needs by simply calling 813-849-7000 or completing a business insurance quote online.
The laws in Florida require every commercial vehicle to get insurance. Getting the right business auto insurance policy for your small business can be complicated, but an Insurance Direct agent will compare policies from multiple companies and help you find the right coverage.