Understanding Commercial Insurance And Its Benefits

PR Newswire iReach

LOS ANGELES, July 17, 2018 /PRNewswire-iReach/ -- Insurancecarsinsurance.com has released a new blog post that informs its clients about commercial car insurance and its benefits.

In each day, millions of cars are involved in commercial activities. No matter if the car delivers pizza or transports workers to a construction site, the vehicle still needs commercial, not personal car insurance coverage. Find out more about this type of insurance and get free quotes from http://insurancecarsinsurance.com.

Vehicles used primarily for business purposes need to be insured under a commercial auto policy, even if they belong to the business owner. Once a vehicle is designated for business use, it may be excluded from coverage for personal auto policy. Not owning commercial coverage will leave the owner exposed for liability.

Commercial car insurance is designed to cover bodily and property damage, just like any personal auto insurance. However, there are some differences between personal and business coverage: A broad range of vehicle types and sizes can be covered.

Higher liability limits are available.
Most insurers do not have a limit on the number of vehicles covered on the policy. This is ideal for businesses with a large fleet of vehicles.
Most insurers do not have a limit on the number of drivers on the policy.
There are various endorsements available to increase the type of coverages.

A commercial policy covers:

Bodily Injury Liability: This coverage provides financial protection for your business if an insured driver is involved in an at-fault accident. The coverage will pay for medical expenses, lost wages, and funeral expenses for a third party if your business is found liable.
Property Damage Liability: It pays to repair or replace vehicles or other property when an insured driver is found liable for an at-fault accident or event.
Medical Payments: Will pay medical expenses of an insured driver and passenger if injured in an accident no matter who is at fault.
Uninsured/Underinsured Motorist Coverage (UM): UM coverage pays in the event an insured driver is injured by another motorist, who is uninsured or does not carry enough insurance.
Collision Coverage: The collision coverage on the policy pays to repair or replace the insured vehicle in the event of an accident.
Comprehensive Coverage: It pays to repair or replace an insured vehicle if damaged by events other than a collision, such as vandalism, hail damage, or windshield damage and will pay to replace the vehicle if stolen and unrecovered.

"Commercial car insurance provides financial cover for any business. Owners are recommended to carefully read the fine print before signing a deal and get free online quotes" said Russell Rabichev, Marketing Director of Internet Marketing Company.

Insurancecarsinsurance.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.