Auto insurance is vitally important when you’re running a business where employees use your vehicles or their own to do your business. First and foremost, you have to ensure that your company is protected by the insurance and that you understand your liability should your employee be at fault. Second, you want to attract the best people to your company, and you can’t do that without being able to ensure that they’re able to be covered if something goes wrong while they’re on the road. Nobody will want to work for a company that doesn’t provide protection if they’re involved in an accident that’s their fault, so having good coverage is vital.
But did you know there are two different types of insurance depending on whether your employees use a company owned vehicle or their own vehicle to complete the business functions? Because of that, you have to have auto insurance brokerage companies that you can work with to get the best quotes and the best direction as to what coverage you might need. Read on to learn more about each different coverage and how auto insurance brokers in California can help you through the process.
Company Owned Vehicles
Company owned vehicles are the most commonly insured in the business world because many companies own their own fleets, vans, or company cars. Because of that, the insurance through the company is somewhat similar to what you would find in personal insurance, except that their insurance covers any driver of the car that is registered to the company. This insurance purchased by the company offers extensive coverage for things like bodily injury, death, property damage and medical payments because, as mentioned above, you want to limit the liability of your company to have to pay out of pocket.
Personal Vehicles for Company Use
The second insurance coverage that auto insurance brokerage companies can help you secure is when your employees use their own vehicles for company use. Many people don’t understand that there is company insurance for these vehicles, as well, which is why auto insurance brokerage companies are here to help you through the process. This insurance is added to your business policy and your broker can help you determine the best coverage possible for your employee and your business. This will ensure that everyone is protected as they should be in the event of an unfortunate auto accident that causes injury or damage.
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