Commercial Auto Insurance Jacksonville FL
Commercial auto insurance Jacksonville Florida is necessary if you drive a business vehicle on public roads. It pays for damages and injuries that you cause to other people or property. Generally, Florida’s minimum liability limit is $10,000 for injuries to others and $20,000 for damage to property. The coverage can be higher or lower depending on the type of vehicle you drive. Some businesses choose to carry higher limits and others choose lower ones based on their individual needs.
Commercial auto insurance Jacksonville FL provides similar coverages to a personal auto policy, such as liability coverage and medical payments coverage. However, commercial auto insurance policies differ in their coverages and eligibility requirements. Most commercial auto policies have a named driver and bodily injury liability coverage, which covers bodily injury and death if you are at fault in an accident. It also pays for legal defense.
There are several different car insurance companies in Jacksonville, FL. You may want to compare quotes from each company. The best way to get an idea of what your coverage will cost is to request a quote online. You can compare prices and coverage by ZIP code. For example, the ZIP code of the company you’re applying to affects the annual premium. A policy with a higher ZIP code will be cheaper than one that does not.
In Florida, it is mandatory to have commercial auto insurance for vehicles used for business purposes. Without it, your business could find itself in legal trouble. In addition to the cost of an accident, a business can face costly lawsuits and settlements if it is found at fault. Commercial auto insurance is necessary for businesses to protect itself in the event of an accident.
When choosing commercial auto insurance, you must also consider what your business needs. If you own a delivery vehicle, consider whether you need towing and repair coverage. This can save you money in the long run. It will also protect your assets and equipment. If you own a car that has valuable equipment, you must consider purchasing coverage for those items.
You can also get liability insurance for the damages caused by your business. This type of coverage will cover your property and other people’s property. It also covers your medical costs in the case of an accident. If you need to make a claim, you can even file a claim for damages for a personal injury.
You should also consider adding coverage for your non-owned vehicles. This way, if an accident occurs while you’re working with these vehicles, you won’t be left out. You may even get a small tax break. Commercial auto insurance Jacksonville FL can protect your business financially. It can also protect your employees as they drive their personal vehicles for work.