Commercial Auto Insurance For Contractors

Commercial auto insurance for contractors can be a great investment for any contractor, It protects your construction vehicles and automobile. Commercial auto will cover the vehicle and contractor injuries.

Commercial Auto Coverage For Contractors

If you’re a small business owner or contractor, you’ll probably need to get commercial auto insurance for your vehicles. These vehicles often contain commercial goods and expensive equipment. When a vehicle gets into an accident, this insurance coverage can help you cover your legal bills and protect your assets.

The structure of a commercial auto insurance policy consists of liability, collision and repair, and contractor injury coverage. You can customize your policy to provide more or less coverage, depending on your needs. Your policy should also reflect state minimum insurance requirements. A broker can provide you with a customized quote that will be most cost-effective for you.

It Does Not Cover

Contractors who operate small businesses often use their personal cars for business purposes. In these cases, they may need Hired and Non-Owned coverage. However, many states require that independent contractors purchase Commercial Auto Insurance. It also covers legal costs, medical expenses, and property damage if a car accident occurs.

Cost Of Commercial Auto Insurance

When considering the cost of commercial auto insurance for contractors, there are several factors that must be considered. First of all, it is essential to know your business’s exact risk level. In most cases, insurance companies look at your past three years of driving history to determine the level of risk. Furthermore, if you have a bad credit history, the insurance provider may increase your premiums.

Secondly, the cost of commercial auto insurance for contractors can vary significantly depending on the type of vehicle that you drive for your business. For example, a semi-truck can cost as much as $12,500 to insure, while a van can cost around $3,300. Similarly, a limo or cab can cost anywhere from $5,000 to $10,000.

Lastly, the cost of insurance depends on how many vehicles you have and the distance you travel in each vehicle. A small business owner can expect to pay between $1,200 and $2,400 per vehicle annually. Pascal Burke can quote using multiple carriers for your business. He will also offer multiple discounts to help you lower your premium.

Who Needs It?

Appliance Contractor – Building Contractor – Cargo Contractor – Carpenter Contractor – Masonry Contractor – Handyman – Window Installer – Specialty Contractors – Chimney Contractor – Cleaning Contractors – Concrete Contractor – Demolition Contractor – Security Contractor – Debris Removal Contractor – Fencing Contractors – Insulation Contractors – Mold Remediation Contractors – Underground Utility Contractors – Low Voltage Contractors – Drywall Contractor – Electrical Contractors – Excavation Contractors – Flooring Contractor – Framing Contractor – Paving Contractors – Plastering Contractors – Waterproofing Contractor – HVAC Contractor – Repair Contractors – General Contractors – Welding Contractor – Landscape Contractors – Restoration Contractor – Painting Contractor – Plumbing Contractors – Renovation Contractor – Window Cleaning – Pressure Washing Contractor – Roofing Contractor – Scaffolding Contractors – Tile Contractor – Lawn Care – Pool Contractor – Sewer Line Contractor

Limitations Of Commercial Auto Insurance

There are a variety of different limitations when it comes to commercial auto insurance for contractors. A stated value limitation, for example, limits the amount of money that an insurance company will pay out in the event of an accident. These limitations may be removed or remain in place permanently. Regardless, they can affect your insurance rates.

Pascal Burke – help,s contractors assess their risks and choose the policy which covers the liabilities of the business and workers most proactively.

It is a standard policy of Pascal Burke to quote, using multiple carriers.

Choosing a policy

Before you begin shopping around for a commercial auto insurance policy for contractors, it’s a good idea to understand the different types of coverage available. Choosing a policy that fits your needs is the key to minimizing your premium. It’s also important to understand how the different types of coverage affect the cost of the premium. A broker-agent can help you find the right coverage for your specific needs. Whether you have one or many vehicles, a commercial auto insurance policy can protect you and your business.

Having a commercial auto insurance policy for contractors can help you avoid costly lawsuits and medical bills. Coverage can cover anything from damaged property to damages caused to third parties. Some companies even offer coverage for employees’ personal vehicles. If you’re a contractor, you should make sure you have adequate insurance to protect your assets.