Commercial Auto Insurance Utah
Many small businesses in Utah need to purchase Commercial Auto Insurance, which pays for covered claims. These policies protect businesses that use commercial trucks for deliveries or transportation services. It also helps keep a business financially stable. In Utah, rates are based on a variety of factors, including the city in which the vehicle is located. For example, Salt Lake City is considered a high-risk area.
The safety of your city and neighborhood are important factors in determining a commercial auto insurance rate. You’ll want to select a policy that covers all the risks that your business faces, including crimes. The rate of crime is also influenced by the city in which your business is located. Fortunately, a Trusted Choice agent can help you find a policy that’s affordable and meets your needs.
Before you get your first commercial auto insurance policy, make sure you know what your business does with its vehicles. Depending on the type of business, your coverage may be limited or nonexistent. You may have employees driving company vehicles, but you want to ensure they are covered in case of an accident. Besides that, you’ll also want to be sure that your insurance agent understands how the vehicles are being used for business. Luckily, most major coverages in a commercial auto policy are similar to the ones you’d find in your personal auto policy.
Commercial auto insurance policies also cover certain types of motorized equipment and property. These insurance policies cover bodily injury liability, property damage, medical payments, and Personal Injury Protection. The latter type of coverage provides coverage for the vehicle’s driver, passengers, and any damage that is caused to other people. If an accident does occur, the policyholder can call the insurance company immediately and get the necessary compensation.
Next Insurance is a relatively new entrant into the commercial auto insurance market. However, their reputation and financial strength makes them an excellent choice for commercial auto insurance. Next uses advanced technologies to design custom policies for each individual customer. This approach enables them to keep premiums low. Their policies often cost as much as 25% less than the competition’s.
Your business needs a commercial auto insurance policy to protect its vehicles. You may need to cover a large fleet of vehicles or a single vehicle. For example, if you use a truck to transport trailers, you’ll need commercial auto insurance. Otherwise, you may only be liable for bodily injury if your car is stolen. Commercial auto insurance will cover the repair costs of damaged vehicles, no matter who was at fault.
Commercial auto insurance is similar to personal auto insurance, but has additional benefits. Like a personal auto insurance policy, a commercial vehicle insurance policy includes liability coverage, comprehensive coverage, and collision coverage. The policy also includes limits and exclusions. For example, bodily injury liability coverage pays out for harm you cause to another person or property. It can also cover the costs associated with lawsuits.
Commercial Auto Insurance Utah – Get A Quote Now
- Contractor Risk Coverage :
Contractor Risk Coverage is an important part of your construction insurance strategy. Large construction firms need specialized insurance policies to protect themselves from large losses. They buy the same insurance coverage as medium-sized contractors, but they have special needs, such as wrap-ups and OCIPs. If you’re not sure what type of coverage you need, consider contacting an experienced Commercial Risk Advisor. Pascal is an experienced Commercial Risk Broker with expertise in construction. - Contractor Compensation Coverage :
If you own a construction company, you should make sure that you have Contractor Compensation Coverage. In many states, a general contractor is required to carry this insurance in order to provide workers’ compensation to injured workers. Without it, the business would be responsible for the injured employee’s medical bills and lost wages.
- Contractor Installation Coverage :
Contractor installation coverage is a type of insurance that protects you if you are found legally liable for damage to property. This type of coverage covers medical expenses and damages incurred by your employees or customers and extends to legal and court costs. The costs of this insurance vary but can save you money in the long run. - Contractor Tools Coverage :
If you own equipment that you use for your business, you should consider purchasing contractor tools coverage. This type of insurance provides coverage for tools that you already have and any tools you purchase in the future. This type of insurance policy covers any type of equipment, including hand and power tools, including trailers. This type of insurance also covers your tools when they are off your property.