Commercial Auto Insurance in Paramount, CA

Your business’s motor vehicles may enable many essential tasks. However, cars, trucks, vans and other automobiles also involve inherent risk. Whether transporting employees, ferrying customers, shipping supplies or relying on company vehicles for other functions, you need to prioritize appropriate risk management and loss control measures. Specifically, commercial auto insurance may be a critical investment.

What Is Commercial Auto Insurance?

This type of insurance can foster financial security for businesses’ vehicle-related incidents and losses. Policies represent contracts between companies and their insurance carriers; in exchange for regular payments known as premiums, policyholders can file a claim for financial aid. If approved, resulting payouts can assist with covered losses up to a policy’s limits and minus a business’s deductible.

What Can My Policy Cover?

Commercial auto insurance policies may be made up of several coverages, each addressing potential vehicle-related losses and damages. Although your company’s ideal policy may vary according to its industry, location, operations and other unique circumstances, you may want to consider investing in the following:

• Bodily injury liability coverage
• Property damage liability coverage
• Collision coverage
• Comprehensive coverage
• Uninsured motorist coverage
• Underinsured motorist coverage
• Hired and non-owned vehicle coverage

When Is Coverage Required?

If your business owns or operates automobiles for commercial reasons, you’ll likely need this type of insurance. Commercial auto insurance is legally required in most states, including California. Specifically, your company must secure a policy that at least includes third-party liability coverage. Additionally, lenders may list their own requirements in auto loan terms, such as for collision and comprehensive coverages.

How Much Does My Insurance Cost?

Commercial auto insurance companies may consider many factors when quoting you a rate for appropriate coverage. This process often includes analysis of the following:

• Location
• Industry
• Fleet size
• Number of insured employees
• Insured drivers’ records
• Past claims
• Policy details (e.g., deductibles, coverage limits and endorsements)

How to Get Commercial Auto Insurance Near Me

Contact 2000 Insurance Services today to learn more about commercial auto coverage or get a free quote.