Commercial Auto Insurance in Fort Lauderdale, FL
If your business uses vehicles for work, you’ll need commercial auto insurance. This type of policy is designed for vehicles used in business operations and helps cover costs that can arise from accidents, theft or other unexpected events.
What Does Commercial Auto Insurance Cover?
Commercial auto insurance can include multiple types of coverage. Your agent may recommend the following:
- Liability coverage may compensate for third-party bodily injury and property damage if your driver caused an accident. This may also pay your legal defense costs in a lawsuit.
- Collision coverage may pay to repair your vehicle after a crash, regardless of fault.
- Comprehensive coverage may prevent financial loss if your vehicle is damaged by non-collision events, such as fire, vandalism or severe weather.
- Uninsured/underinsured motorist coverage may step in if an inadequately insured driver hits your vehicle.
- Hired and non-owned auto coverage may provide financial protection if employees use personal or rented vehicles for business tasks.
Commercial auto insurance typically excludes coverage for damage from intentional acts, using the vehicle for illegal activities or driving outside the policy’s geographic limits. Always read your policy’s fine print to understand what’s not included.
How To Save on Commercial Auto Insurance Costs
Here are a few tips that can keep your insurance costs manageable:
- Bundle your commercial auto policy with other business insurance.
- Maintain clean driving records to qualify for potential discounts.
- Choose safer, lower-risk vehicle models that often cost less to insure.
- Have your drivers undergo safety training to reduce the risk of accidents. Fewer accidents may lead to lower premiums.
Get Covered Today
Hope Financial Depot can help you find suitable commercial auto insurance. Contact us today to learn more.