There are three considerations that Contractors Liability wants our customers to consider prior to purchasing a commercial auto policy.These include:
Who is on the title.
If the name of the business is on the car’s title, it is strongly suggested that the business obtains commercial auto insurance to protect them against suits and financial damage.
Limits of liabilities.
It is tempting to put a limit on your liability on the policy, but Contractors Liability encourages businesses to have high insurance limits in case of an untimely death or any other life-altering accident. Failure to have a high limit could ultimately cause more monetary damage than you can afford.
Classification of vehicles.
A fleet of trucks will cost more to insure than only one or two company passenger vans. Talk with your insurance provider today to understand the difference between the two.