Commercial Auto
If your business relies on employees using company vehicles or their own vehicles for your operation, you need commercial auto insurance. Provide yourself and your workers with property damage protection, liability protection, or both. Buffalo insurance can help you find basic commercial auto insurance, or if you operate a fleet of vehicles, commercial fleet insurance. Whether your business uses sedans, work trucks, food trucks, or semi trucks, we can find the right coverage for you.
What Is Commercial Auto Insurance?
Commercial auto insurance is a simple concept, but has many moving parts. Simply, commercial auto insurance covers cars, trucks or vans that you or your employees use while conducting business. At the same time, it covers any personal cars that you use for business. It is very similar to personal auto insurance. However, personal auto insurance excludes coverage that is used for work. Commercial auto insurance would cover you in these instances. This type of policy should be taken very seriously by any business that requires the use of a vehicle in Norman, Oklahoma. Commercial auto insurance is necessary to protect businesses and employees from paying for property damage and medical bills out of pocket because personal auto insurance will not cover you.
What do Commercial Auto Insurance Policies Cover?
The coverage provided by commercial auto policies is very similar to that of personal auto policies. They can provide liability coverage, collision coverage, or both. This will cover damage to your vehicle, property, or cover and any medical needs. It will also cover the other party’s property and medical needs, as well. The types of vehicles that can be covered under a commercial auto policy are nearly unlimited. It doesn’t matter if it is a car, truck, van, forklift, or something entirely different, your policy will cover them all. One difference between commercial auto insurance and personal auto insurance is that commercial auto typically requires much higher liability limits.
Who Needs Commercial Auto Insurance Policies?
Nearly every business owner who uses a vehicle for their work should have a commercial auto insurance policy. It does not matter if your business owns the vehicles or if employees use their own vehicles, a commercial auto policy is necessary to provide coverage in case of accidents. This is even true of small business owners and self-employed individuals. Employees can also get their own commercial auto policies if their employers do not cover them as long as you use your own vehicle for more than just commuting to and from work.
Types of Commercial Auto Insurance Policies
There are actually a few types of policies that you should consider if you use vehicles for work in Norman, Oklahoma. Commercial auto insurance can be broken down into two general types of policies: business automobile policy (BAP) and fleet insurance policy.
Business Automobile Policy (BAP)
A business automobile policy (BAP) is sometimes also referred to as a business auto coverage form. These are the most common types of policies used by businesses in Norman, Oklahoma. This is what most people think of when they are thinking about commercial auto insurance.
Fleet Insurance Policy
Fleet insurance refers to commercial auto insurance policies that cover multiple vehicles. The number of vehicles insured under a fleet policy differs between insurers. Many business owners typically think of fleet insurance when they have dozens or even hundreds of vehicles. However, if you are a business owner with only a few vehicles in Norman, Oklahoma, fleet insurance still might be a good fit for you. Fleet insurance can be as simple as needing to cover multiple vehicles, but it can also be needed in more complicated instances. Coverage needs can vary greatly for different businesses, such as trucking operations, rental companies, and taxi services. If you own any of these businesses in Norman, Oklahoma, fleet insurance is not only a necessity, it is also complex.
Buffalo Insurance Has the Commercial Auto Insurance You Need
Buffalo Insurance has the expertise and resources to help every business who relies on vehicles in Norman, Oklahoma. Commercial auto insurance needs vary greatly depending on how many vehicles you have, what types of vehicles you use, and how you use them. Every insurer has different specialties and limitations when it comes to what types of coverage they offer.
Working with a professional commercial insurance broker provides tremendous benefits. Rather than going with a single insurer and trying to make their policies work, you can join the herd and find a commercial auto insurance policy that fits perfectly. We have access to hundreds of policies through the best insurers around the nation, which means you don’t have to be stuck with inadequate policy limits or sky-high premiums. Whether you need a simple business automobile policy (BAP) or a specialized fleet insurance policy, we can get you covered. Contact us today and find out about the professionalism and convenience that has drawn so many other businesses in Norman, Oklahoma to join the herd.
