Steer Your Business in the Right Direction with Commercial Auto Insurance
From a passenger car, to a van or truck of any size, any commercial vehicle used for business purposes in this state requires North Carolina commercial vehicle insurance to protect your company from liability risks and financial loss.
Most personal auto insurance policies won’t cover you for injuries or damages if you are driving a company vehicle for business-related reasons. You will need some type of commercial auto insurance if you or your employees are using a business-owned vehicle.
Commercial vehicle insurance offers valued protection in cases of accidents involving equipment, employees, or third parties. Whether your employee experiences a major collision while driving, or accidentally smashes a windshield while loading tools and equipment, your commercial vehicle insurance will keep you secure. Business car insurance covers the cost of damages and injury while keeping your vehicle on the road so that you can remain “business as usual.”
Vehicles are a major business expense for most companies as well as an essential part of daily operations, so it’s important not to lose money or business when your source of transportation might be damaged and off the road.
You may be legally required to have a business auto insurance policy, depending on your type of business, especially if you:
- Have employees (other than yourself) who operate your vehicle
- Haul a trailer or heavy equipment
- Are paid to transport people or products
- Use your vehicle directly to provide services
Commercial auto insurance generally covers the following situations:
Your business vehicles will likely face different risks than your personal automobiles, so you’ll need to be covered differently. Depending on your business, you might even need more extensive coverage for hazardous materials, dangerous equipment, or heavy loads.
Commercial auto insurance generally covers the following events:
- Bodily Injury
- Property Damage
- Personal Injury
- Collision Coverage
- Comprehensive Coverage
- Uninsured Motorist Bodily Injury
There are certain requirements for larger commercial vehicles operating within North Carolina. The experts at Dan Thompson Agency can determine exactly what type of coverage you need based on the type of vehicle or vehicles used for your business.
Workers’ Compensation Insurance Protects Both Employers & Employees
In North Carolina, you are legally required to have workers’ compensation insurance if your business employs three or more individuals, whether they are full- or part-time employees. A workers’ compensation policy will cover medical bills for work-related injuries or illnesses, lost wages, and important liability protections for your business.
This essential coverage for businesses with employees protects both the employee and the business in case of an accident, illness, or even death occurring while at work or in work-related activities off site. This system was created to ensure workers would be taken care of without bankrupting the employer at the same time. Injuries that are not connected to work in any way are excluded.
Workers’ compensation insurance can cover:
- Medical Expenses
- Loss of Income
- Permanent Injury
- Survivor Benefits
Having workers’ compensation insurance shows your employees that they will be cared for in the event they are injured on the job, even if it’s a loss that might be too large for their employer to handle financially on their own. It protects your business from significant unexpected events that could lead to bankruptcy in any other case.
At Dan Thompson Agency, we work hard to make sure that you, your employees, and your business have the best possible coverage at the most affordable rates. Let us find you the right policy for this critical coverage.