get a quote

Missouri Commercial Truck Insurance

Insurance for commercial vehicles

Invest in commercial vehicle insurance to protect your firm from mishaps. Financial stability and peace of mind are provided by this coverage, which guards against property damage, bodily harm, and legal responsibilities. Get commercial vehicle insurance for your company today to safeguard it and your employees while they are driving.

What Is Covered Under Commercial Auto?

Your company cars are well-protected by the comprehensive coverage offered by commercial auto insurance. These are the main topics that are usually covered:

Medical: In the event of an accident, medical insurance pays for any injuries caused by the drivers, passengers, or pedestrians involved.

Comprehensive and collision coverage: Your cars might be in danger from many things, such as theft, vandalism, fire, flood, or collisions. While collision coverage focuses on damage stemming from accidents, comprehensive coverage tackles other types of damage.

Uninsured drivers: Sadly, some drivers are either uninsured or escape the scene of an accident after causing one. This insurance protects you from monetary damages brought on by such occurrences.

Having commercial auto insurance gives you the peace of mind to concentrate on your business operations while knowing that your company vehicles are safeguarded from claims and unforeseen circumstances.

What Is the Cost of Commercial Auto Insurance?

Several elements, such as the following, affect the price of business vehicle insurance.

Total number of cars: The price will be affected by the number of cars that need insurance. Typically, greater rates are associated with bigger fleets of cars.

Utilizing a vehicle: The cost depends on how you plan to utilize it. The premium can be affected by the risk levels associated with certain usage categories, such as the transportation of commodities, the movement of people, or construction operations.

Kind and value of the cars: A number of criteria, including the kind, make, model, age, and value of the vehicles that will be insured, will affect the price. Because their replacement or maintenance costs are higher for expensive or specialty cars, insurance rates tend to be higher for them.

Insurance and claims history: Your company’s insurance and claims history is a major factor in figuring out how much commercial vehicle insurance will cost. A history of numerous claims or high-risk situations may result in higher rates.

Driver history: The cost may be impacted by the driving histories of your workers or designated drivers. Premiums may increase if there is a history of collisions, moving offenses, or license suspensions.

Coverage limitations and deductibles: The premium you pay may vary depending on the coverage limits you select and the amount of the deductible you’re prepared to pay out-of-pocket. Premiums are normally higher for policies with larger coverage limits and smaller deductibles.

It’s crucial to keep in mind that every insurance company may have its own underwriting standards and price structure. receive quotes from many insurers and speak with an insurance agent or broker about your unique company requirements if you want to receive an accurate idea of the cost of commercial vehicle insurance.

Commercial auto insurance safeguards your company in five ways

Personal Injury and Property Damage Coverage: This protects you and your staff from any liabilities for injuries to people or loss of property due to collisions involving corporate cars. Your business vehicle’s insurance will pay for any related charges, such as medical bills or property repair or replacement if someone is hurt or their property is destroyed as a result of a car accident involving your commercial vehicle.

Physical Damage Coverage: In the case of an accident, your business vehicle’s physical damage is covered by your commercial auto insurance. The insurance aids in your financial recovery and expedites the process of getting your car back on the road, whether it be for repairs or replacement.

Medical Expenses Coverage: If you or a member of your staff is hurt in an automobile accident, business auto insurance may be able to pay for the related medical costs. This lessens the financial strain on your business by ensuring that the expenses of required medical treatments, hospital stays, prescriptions, and rehabilitation are covered.

Uninsured motorist protection: If a driver who does not have insurance or does not have enough insurance causes an accident involving your work vehicle, your commercial auto insurance will pay for any injuries or property damage. This insurance protects you from being held liable for the activities of another driver whose insurance is insufficient.

Coverage for Non-included Vehicles: If a vehicle is utilized for business reasons but isn’t specifically included on your policy, your commercial auto insurance may still be able to pay for damages. When using a temporary or substitute vehicle for business purposes, this extension of coverage safeguards your firm.

By obtaining commercial vehicle insurance, your business may reduce the financial risks related to collisions, injuries, property damage, and uninsured drivers, giving you more peace of mind so that you can concentrate on running your operations.