Who Needs Commercial Auto Insurance

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Commercial auto insurance is insurance designed for vehicles used for business purposes.

Depending on your employer and/or your own business, you might need higher liability insurance, as well as additional coverage add-ons to make sure you, your employees, other individuals, your vehicle, and your business are fully protected.

Commercial Auto Insurance vs. Personal Car Insurance

When it comes to drivers, vehicles, and purposes, personal drivers don’t have the same kinds of car insurance concerns as do businesses.

Businesses have much higher liability issues; as such, usually they have higher liability insurance requirements or recommendations. Generally, businesses deal with:

• Employees. 
• Passengers. 
• Work gear. 
• Other people and/or equipment. 

Commercial car insurance is typically required to sufficiently cover the above.

Drivers Who Need Commercial Auto Insurance

You need commercial auto insurance if you use your vehicle for work or own vehicles operated by a business. 

Commercial car insurance coverage isn’t just about big rigs.

Commercial vehicles actually can include what you might consider “regular vehicles,”such as:

• Cars.
• Pickup trucks.
• Sports utility vehicles.

It also branches out to some of the vehicles you might more closely associate with commercial work, such as individual or fleets of:

• Trucks including, but not limited to, dump trucks, box trucks, refrigerator trucks, bucket trucks, and catering trucks.
• Vehicles outfitted with work equipment.
• Utility vans.
• Limousines, taxicabs, and other livery vehicles.
• Flatbeds.
• Rented or leased vehicles.
• Any vehicle owned or leased by a business, partnership, or other corporation.

Simply put, if you use a vehicle or vehicles for your profession or business (other than commuting to work), it’s likely you need commercial auto insurance.

NOTE: If you use your vehicle for work-related purposes and you aren’t sure if you need commercial auto insurance, ask your insurance agent.

What Does Commercial Auto Insurance Cover?

Basically, commercial car insurance covers the same major coverages private individuals purchase (usually at higher limits); however, there are many add-ons more suited for commercial driving, such as coverage for your:

• Employees, including fellow employee coverage and broadened and blanket policies that protect additional employees or people for whom your business is doing work.
• Equipment, including loading and unloading goods.
• Business, which protects your assets in the event of a lawsuit.

Your auto insurance specialist can inform you of your exact coverage needs based on your business and vehicle use.

How Much Commercial Auto Coverage Do You Need?

Generally, you must meet your state’s liability insurance requirements (which include bodily and property damage coverage). Understand that these coverage limits might be higher than they are for regular passenger vehicles.

If you don’t own your commercial vehicle(s) outright, your financial institution also might require comprehensive and collision coverage (which will pay for damages to your vehicle when you are at fault in an accident or the victim of non-collision events such as weather or fire).*

Aside from those coverages, you might consider additional types of auto insuranceincluding, but not limited to:

• Uninsured/underinsured motorist insurance: This insurance protects you if you’re involved in an accident with another driver who has no insurance or not enough insurance.
• PIP and medical payments coverages: Personal injury protection (PIP) and medical payments coverages help take care of expenses incurred when you and/or your passengers are injured in an accident.
  • PIP covers more than medical payments, such as wage loss.
• Emergency roadside insurance: Emergency roadside insurance helps you in the event you’re left stranded on the side of the road.
  • It can include:
    • Battery services.
    • Towing expenses.
    • Tire changes.
    • Fuel delivery.
    • Locksmith services.
• Personal effects insurance. Some insurance companies provide personal effects coverage that takes care of your or your employees’ personal belongings in the event of theft. Usually, this coverage is up to a certain dollar amount.

These are just a few suggestions. Your auto insurance provider will explain the appropriate coverages and whether they’re required or available in your state.

Ryan & Ryan Insurance Broker's Client of the Month is.....

 W.G.Minard & Sons, Inc.

Located in Clintondale, NY, W.G. Minard & Sons Inc., owned and operated by brothers Robert and Douglas Minard, has been producing apples on 450 acres since 1906.  Started by Robert’s grandfather, William G. Minard, W.G. Minard & Sons has been a family run business throughout its existence and has been passed down through three generations of Minard children.  All of the apples are grown, packed, stored and shipped from Clintondale, NY. Many apples are distributed by brokers who sell in bulk to locations right here in the Hudson Valley. Most, however, are sold abroad to various locations such as Israel, England, and Central America.

              

Robert Minard’s business has had a longstanding relationship with Ryan & Ryan Insurance, originating with Bob’s dad, Robert Ryan.  For numerous years, all insurance questions, billing issues, and concerns have been handled by Kathleen DiBella, who Robert Minard states is the frontrunner of Ryan & Ryan Insurance. Kathy is always willing to help and is very knowledgeable about Robert’s account; she goes above and beyond to help him. Robert also credits Jeff Smith,  the  account executive on his account, as also being extremely helpful.  ‘He and Kathleen bounce information off each other and what one may not know, the other usually does.  Altogether, Ryan & Ryan Insurance Brokers is a winning combination of great customer service.’

Ryan & Ryan Insurance Broker's Client of the Month is.....

 Minard Farms

Located in Clintondale, NY, Minard Farms, owned and operated by Robert Minard, has been producing apples on 450 acres since 1906.  Started by Robert’s grandfather, William G. Minard, Minard farms has been a family run business throughout its existence and has been passed down through three generations of Minard children.  All of the apples are grown, packed, stored and shipped from Clintondale, NY. Many apples are distributed by brokers who sell in bulk to locations right here in the Hudson Valley. Most, however, are sold abroad to various locations such as Israel, England, and Central America.

              

Robert Minard’s business has had a longstanding relationship with Ryan & Ryan Insurance, originating with Bob’s dad, Robert Ryan.  For numerous years, all insurance questions, billing issues, and concerns have been handled by Kathleen Dibella, who Robert Minard states is the frontrunner of Ryan & Ryan Insurance. Kathy is always willing to help and is very knowledgeable about Robert’s account; she goes above and beyond to help him. Robert also credits Jeff Smith,  the  account executive on his account, as also being extremely helpful.  ‘He and Kathleen bounce information off each other and what one may not know, the other usually does.  Altogether, Ryan & Ryan Insurance Brokers is a winning combination of great customer service.’