Commercial vehicles, products and employees are constantly on the move. In fact, motor vehicles transport goods and people more than 2.9 billion miles on the road, each year.1Whether you are a manufacturer delivering products via your own fleet of commercial vehicles, an over-the-road trucker carrying cargo across the country for others, or a limousine service delivering your passengers to their destination, having the right insurance will help keep your business operating in case of a loss.
For those who are hauling cargo, Travelers also offers one of the largest and most comprehensive cargo theft investigative units in the industry. From vehicles to cargo, see how TRG can help you find the right transportation coverage.
As a shipper, you need insurance for your property while it is in transit on your own vehicles or through a public or contract motor carrier, rail or air carrier. TRG Inland Marine will help navigate a clear route for your transportation or other logistic insurance needs, so you can stay focused on your business.
Fleet vehicle accidents are among the most costly of injury claims for business. The average cost of a loss related to vehicle accidents is approximately $70,000. This is almost twice the cost of the average workplace injury ($36,592).
Without a formal fleet safety program, you may be putting the welfare of your employees and company at risk. A generic safety program is better than none. But it is far more effective to specifically design a program for your company and your fleet.
A fleet safety program establishes the policies and procedures that are needed to help ensure a safe work environment for employees. It can also help protect against liability from vehicle accidents.
There are no guarantees that an accident will not happen. Because the road is one of the most dangerous places for your employees, establishing a formal and ongoing program of screening, testing, inspection and training is essential.
Building your business took a lot of dedication, effort and time. Obviously you want to make sure you haven't wasted all of that hard work by not having the right types of protection. That is why having small business auto insurance is a critical to your continued success. The right commercial insurance coverage helps protect your business when unexpected events arise.
Deciding on the right level of commercial auto insurance for your business may be difficult and confusing. Get help sorting through all of the options to determine what is right for your business. Let our small business insurance experts help. We've created a list of suggested auto insurance coverage options for your company in the list below. Click each option name to discover how the specific coverage helps protect you and whether it is right for your company.
The business auto insurance coverage options listed below are recommended for all small companies like yours. Each coverage option plays a key role in protecting you from problems that arise in most auto accidents.
Liability auto insurance pays other people if you cause them property damage or bodily harm.
This provides payment to people who are injured personally in auto accidents.
This provides payment to people when you cause their property, such as their vehicle, to be damaged in auto accidents.
This is auto insurance coverage for small businesses that is designed to pay medical bills of the injured parties. It specifically covers medical costs for you and any passengers that were in your vehicle at the time of the accident.
This is commercial auto insurance that protects you from the financial burden of vehicle damages. When your vehicle is damaged in a car accident, physical damage insurance pays for repairs to the vehicle. This business auto insurance provides damage payments regardless of whether your vehicle receives damage from colliding with another vehicle, or receives damages from external objects.
This section of your commercial auto policy covers the cost of repairs to your vehicle if damages are sustained from a collision accident.
This section of your policy covers repair costs to your vehicle when it receives damages caused by external forces. Damages may include falling tree branches or hail, as well as theft or vandalism.
If you are involved in an auto accident with another party who does not carry insurance, or who does not carry enough, this coverage pays for your damages. It includes damages caused by hit-and-run incidents as well. Uninsured motorist insurance is comprised of the following three pieces:
Additional commercial auto insurance options are available on an optional basis. These aren't often needed by every business but you may find them useful for yours.
This option is useful for small businesses that have multiple types of equipment insured. It allows you to pay just one deductible per accident even when you have multiple vehicles involved. For example, if you are towing a trailer or transporting work vehicles, this option saves you from having to pay a deductible on each vehicle you had involved in the accident.
Adding this option to your commercial auto insurance policy lets you extend your business car insurance to provide coverage when you're driving other vehicles. For example, if you rent or borrow a vehicle, your commercial auto insurance policy can provide it the same level of protection that you have for your company owned vehicles.
This is a combined set of coverage options that protect vehicles you don't own when either you or your employees are driving them. This coverage may be useful if your business allows employees to drive their personal vehicles for business purposes, instead of providing them with company owned transportation.
Many consumers don't realize the danger they are putting themselves in when they decide to haul a car without a professional. Cars are far more likely to be stolen, broken into, or damaged when they are hauled alone behind an RV or a moving truck. On the other hand, when cars are loaded professionally with several other vehicles and transported via car hauler, the risk of theft and damage is significantly lower.
Car haulers aren't just for consumers - auto wholesalers, dealerships and other large-scale automotive companies use car haulers all the time for businesses, sometimes shipping very expensive or customized vehicles for many miles. A car hauling business can appeal to a broad audience, but face many risks on the road including accidents, theft, and damage to the cars in tow.
If you want to open a car-hauling or towing business or if you already have an established enterprise, you know you'll have some expensive cargo to protect from damage or theft. You may be seeking some answers about insuring your car hauler, and you may want to find better coverage or a better rate on the insurance you already own. Either way, getting more knowledge about this product will help you find the insurance you need at a price that makes sense for your budget.
When you buy insurance for your car hauler, you are also buying insurance that will protect your vehicle, your driver(s) and your entire business from dramatic loss. Car haulers are vehicles that share the same roads as everyone else and will require very similar insurance coverage. However, because these haulers are typically used in commercial enterprises, they require specialized coverage.
There are other very specific auto trailer insurance coverage options available, depending on the company. Your local independent Trusted Choice member agent can locate all the companies that provide coverage for your car hauler.
