The Importance Of Investing In Quality Commercial Auto Insurance
As a fleet manager, you know how important it is to protect the vehicles your employer entrusts to your care. You must ensure they are ready to drive each day. You also must ensure your drivers are capable of being safe and avoiding wrecks while out on the road.
However, you also know mishaps can occur without warning and cost your employer a significant amount of money. You can offset some of this liability by investing in solid commercial auto insurance for your fleet vehicles.
Coverage for Wrecks
If the drivers in your fleet cause accidents, they can cost your employer thousands of dollars or more in damages. The victims of the wreck may have legal cause to sue the company for which you work and force it to pay out money for their medical and repair bills.
However, your employer can avoid paying these expenses out of the company's bank accounts by investing in commercial auto insurance. Instead of the victims suing the employer directly, they can make a claim against the company's commercial auto insurance for their damages. They can receive compensation directly from the insurer and spare your employer from having to dip into the business's cash flow or other assets to pay them.
Coverage for Theft
Commercial auto insurance can also cover costs associated with any of the fleet vehicles being stolen. The loss of a vehicle to theft can set the company back tens of thousands of dollars. Your employer may have to pay out a large sum of money to buy a vehicle with which to replace the one that was stolen.
Rather than having your employer pay out this amount of money, they can use commercial auto insurance to make a claim for the stolen vehicle. The insurer may pay out the full value of the vehicle so the company can use that money to buy one with which to replace the one lost to theft.
Coverage for Damages
The commercial auto insurance company may also pay out money to pay for damages to your fleet vehicles. You can make a claim to cover the costs of dents, dings, and scratches to the body, as well as broken and missing glass.
Commercial auto insurance serves an important purpose for your fleet. It can lower your company's liability for wrecks. It can also cover the theft or bodily damage to a vehicle in your fleet.
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