Selecting the right commercial auto insurance coverage for your business can be challenging. Whether you have a single vehicle or a fleet of vehicles as part of your business operations, buying a commercial vehicle insurance policy that offers maximum protection is crucial to staying financially secure in the event of an accident.
This blog aims to simplify the selection process. It provides several helpful tips and tricks that you can use with significant effect to buy commercial vehicle insurance that best suits your unique business requirements.
To make the selection process easier and faster, you must have an updated list of relevant information in hand, such as:
A deductible is a pre-fixed amount you agree to pay for your insurance claim compensation to be activated. The deductible is set when you purchase your insurance policy as it determines your insurance premium rates. However, while higher deductibles may mean lower premiums, you must be able to pay that amount from your pocket each time you file a claim.
Setting the right deductible is vital while purchasing commercial vehicle insurance for your business. If the risk factors associated with your business operations are less, setting a high deductible for your policy may be the better option. However, if your claims history shows frequent activity, fixing a lower deductible may be a more financially viable option for your business.
While selecting your commercial vehicle insurance provider, you must always ask them for any discounts you qualify for. Not always do insurance companies advertise discounts, so asking them specifically about discounts may prove beneficial as it may help reduce your insurance rates considerably.
Here are a few discounts that your insurer may offer:
Our team at Everett Callahan Insurance Agency offers tailored insurance solutions for your business. Contact us today for more information on customized commercial auto insurance coverage for your unique business needs. You can call us at (800) 624-8976 to get started.
