Business Auto

10 Good Things To Ask About Business Auto Insurance

1. Is coverage mandatory for a practice that uses vehicles?
Yes. Just like with personal auto insurance, it's against the law to drive a vehicle without insurance to cover injuries or damage to others that an employee causes as a result of a car accident. Uninsured and underinsured motorist coverages are available by endorsement.

2. Is Business Auto Insurance better than Personal Insurance?
Business Auto coverage is similar to the coverage you may carry on your personal auto policy; however, business auto exposures can be more complex requiring specialty coverages to be considered based on individual business needs. Hired/non-owned auto liability is a must if employees use their personal vehicles for business-related errands or house calls.

3. How do I find out about what's out there?
The most effective way to compare rates and coverage available to you is through a broker like HUB International. On behalf of the AVMA PLIT, they can point you to the right type of policy based on the practice type and how you use your vehicles.

4. What can I do to influence the premium I pay? 
The best ways to keep rates down is to make sure that you're a safe driver, hire and employ safe drivers and use less expensive vehicles for your business.

5. What factors impact the premium I pay for Business Auto Insurance?
Insurance premiums can be affected by everything from the type of business you operate, to the type of vehicles you own; to the
radius you operate your business in, and the driving records of yourself and your employees.



6. What is the reputation of the insurance company?
Make sure you do the research before moving forward with a Business Auto policy. Ask your insurance representative or go online to answer questions like - Do they have a long history? Are they reputable? Do they know your business?

7. What extra benefits are added onto the policy without additional cost? 
Every insurance company is different. So make sure to ask about extra benefits when shopping around, because they could prove useful when an accident happens and save you money in the long run.

8. Does coverage vary state to state? 
It definitely can. Each state has its own rules and regulations that can affect rates and types of coverage that an insurance carrier can make available to your business.

9. Are all my employees covered by my Business Insurance policy?
They should be, but there are exceptions. This is a very important question to ask when you're shopping around for the perfect Business Auto policy.

10. How does the claims process work?
The process usually includes reporting an accident to both the police and your insurance company, assessing the damage, and working with a claims handler. When selecting an insurance carrier, be sure to ask about any benefits they offer in the event of an accident, like a network of repair shops where the work is guaranteed as long as the vehicle is leased or owned.