The average business owner and manager hasn’t looked at the details of the company’s commercial auto insurance policy in years, and for a good reason. Most business owners are busy to the point that insurance coverage is somewhat of an afterthought.

If you own or manage a business or plan on starting one in Woodstock, GA, it is in your interest to understand the nuances of insurance coverage. In particular, knowing the extent of your commercial auto insurance is critical.

The Coverage Every Business Needs

The best commercial auto insurance covers company fleet vehicles used for work purposes. Accidents when driving for work are inevitable.  If a business vehicle is damaged or totaled, it’s imperative to have the right coverage to repair or replace it. 

Aside from damage to your vehicle, commercial auto insurance also covers damage inflicted on other property. Even if the vehicle is a total loss, insurance will cover most of the value, ensuring your business can continue operating like a well-oiled machine.

Read Through the Policy

Look closely at the policy to understand your coverage levels. In most cases, commercial auto insurance policies cover all vehicle repairs up to the vehicle’s actual cash value. This is the current value of the vehicle, minus depreciation. If you have any questions, Peter Laczko Insurance Inc. is here to help.

Damage to other vehicles involved in the crash, and even buildings, is also commonly covered. Most policies also include coverage for injured drivers and passengers. The reason for such extensive coverage is to ensure the business doesn’t have to pay out of pocket for damage resulting from the crash.

Some commercial auto insurance policies also cover damage resulting from natural disasters and other events. Review your policy and you might find coverage for fires, water damage, vandalism, and theft (if you have comprehensive insurance).

Contact Peter Laczko Insurance Inc. 

Call us for a personalized insurance quote. We’re currently serving Woodstock, GA.