With success and growth in business come new hires, more service vehicles and more focus on business objectives. Those objectives often rely on proper coverage so that whoever is driving a business vehicle, and regardless of the incident they might encounter, you as a business owner can feel confident you are protected. At the end of the day, it’s most important to know what you are getting, and even more important, what coverage you need to protect your assets.
That’s where insuring your companies vehicles becomes challenging without the right guidance from an experienced agent. At ISU O’Connor Insurance Associates we are small business owners just like you. Our agency is family owned and no one understands the hard work you have put into your business better than we do. We know that service vehicles play a huge role in connecting you to your clients, so we make it a priority to help you as a business owner find the right coverage.
So what is Commercial Auto Insurance?
Regardless of what stage of business you are in, service vehicles must always be properly insured, however, if you are in a growth mode, it’s more important than ever to revisit your policy. With growth comes change and your policy must stay up to date to keep your mind off of worrying about your insurance, and instead, focusing on your business. The biggest difference between personal auto insurance and commercial auto insurance is that the vehicles are owned by your business and you may be covering employees who drive your vehicles, and sometimes their own vehicles. Your vehicles could have specialized equipment that has been permanently attached if you are a contractor, or you could have delivery drivers if you own a restaurant. Bottom line: you need to protect your business in the instance there is an accident that involves injuries and you need to protect yourself in case the accident destroys one of your vehicles is where commercial auto insurance can help.
Why is it so important?
Having commercial auto insurance can mean the difference between financial success and financial ruin. Without it, your business may potentially run into several roadblocks. Insuring your vehicles means insuring your business. There are a lot of things that are complex about the way businesses purchase and use vehicles in day-to-day operations it can get complicated even for a seasoned business owner. However, you can minimize your insurance costs by putting in place some very simple business practices to make sure an accident (that is out of your control) doesn’t destroy your bottom line. You need an agent that can give you that kind of advice so you don’t have to spend time making up processes and procedures and you can concentrate on growing your business.
At ISU O’Connor Insurance Associates an experienced agent will walk you through a series of questions to learn more about you and your business auto insurance needs. During the conversation the agent will help educate you, clarify the jargon, simplify the process and lay out the options so you can make an informed buying decision. Your needs are unique and your commercial insurance policy should reflect those unique needs.