What is Small Business Auto Insurance?

In this economy, it is important to protect your personal and business assets, especially if you are a small business owner. Small business auto insurance can make sure that the cars, trucks, and vans used by your employees for business purposes are covered in the event of an accident. The coverage can apply to company owned vehicles, leased vehicles and the transportation owned by your employees but used for your business.

Small business auto insurance will provide you with the security you need to handle this portion of your corporate affairs properly. Standard small business auto insurance typically includes liability, collision/comprehensive options and uninsured/underinsured motorist coverage. Your state will mandate exactly what the minimums are for small business auto insurance.

The small business auto insurance policy you choose should protect you and your employees as much as possible.Liability insurance will cover you in case a claim is filed against your business regarding one of your covered vehicles that was involved in an accident and caused property and personal damage. Collision and comprehensive insurance will cover physical damage to your vehicles. Uninsured/Underinsured motorist coverage will protect you and your staff if they are involved in an accident caused by a negligent operator of an uninsured auto, a hit-and-run motorist, or by someone with less liability coverage than you.

Small business auto insurance can also help protect you with less major situations as well. If your policy provides it you can get extra coverage as well. Small business auto insurance can also cover glass replacement and repairs, transportation expenses if your business vehicle is stolen, coverage for the costs of returning a vehicle that has been stolen and recovered and also if you sound system is ripped out. For every type of additional coverage you choose for small business auto insurance will raise the cost of your premiums.