Commercial Auto Insurance Michigan

contractor insurance

When you have a commercial auto in Michigan, you need to make sure that you have the right type of auto insurance policy. The new car insurance law in Michigan is important to remember, and you should speak to a knowledgeable insurance advisor about your needs. Getting an estimate is a good way to determine how much coverage you need.

If you do not have enough coverage, you could end up facing a large lawsuit or settlement. You could be held responsible for medical bills, lost wages, pain and suffering, and other expenses. In addition, you could also get in trouble for driving without insurance. This can result in a fine of up to $500 and 30 days of license suspension.

In Michigan, it is mandatory for all vehicles to carry auto liability insurance. This insurance can cover one vehicle or a fleet of vehicles. It is important for subcontractors and contractors to obtain commercial auto coverage for their vehicles. It can protect them against liability concerns, property damage, and personal injury. However, before purchasing a policy, you need to know what is included and what is excluded. For example, you won’t be covered for medical costs that are not related to your business.

In Michigan, commercial auto insurance is required for all commercial vehicles. In addition to covering the standard auto coverage requirements, it also provides extra coverages, including rental reimbursement and hired car physical damage. Commercial liability insurance will pay for damages caused by accidents that you cause, as well as your legal defense. These coverages will protect your business, and keep your vehicles safe.

You should also look for additional optional coverage if you have employees using your company vehicles. This coverage will protect you against lawsuits from employees and partners using your vehicles. The additional coverage will pay for the costs of repairs, rehabilitation, and funerals. The Doeren Mayhew Insurance Group can help you understand the different types of coverage and determine which is right for you.

To determine whether your vehicle qualifies for commercial vehicle insurance, you should know its Gross Vehicle Weight Rating (GVWR). The GVWR is the maximum weight of the vehicle, and is determined by the manufacturer of the vehicle. If you’re not sure, you can check the GVWR label on the driver’s side door edge of a truck or the front left side of a trailer.

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