Commercial Auto Insurance
Commercial Auto Insurance Information
As a full-service insurance agency, J.S. Edwards & Sherlock Insurance strives to offer only the best in personalized commercial auto insurance services to all Texasresidents. If you’re a resident of Beaumont or the surrounding region, then we’re here to make your search for quality benefits simple, efficient and affordable.
All commercial vehicle owners in Texas require commercial auto insurance. It will help you protect company vehicles, employee drivers and cargo in transit against any roadway hazards or unexpected vehicle accidents. Don’t get behind the wheel without it.
Call us at (409) 832-7736 or request your free commercial auto insurance quote
Why do I need commercial auto insurance?
When you buy a vehicle (or fleet of them) for your company, or even allow an employee to operate their own vehicle on your behalf, then your business could be the one to suffer if something happens to one of those drivers or vehicles. Commercial auto insurance is designed to provide you with financial assistance, and as a result your company won’t face financial setbacks just because an accident occurred.
Who needs commercial auto insurance?
Commercial auto insurance is designed specifically for vehicles and drivers operating on behalf of a business. Though very similar to personal auto insurance, a commercial auto policy will contain specialized coverage terms that are designed to protect the company’s investment in the vehicles.
Vehicles owned by a business
Employees who drive their personal cars on business-related errands
Company cars provided to employees for commercial and private use
Vehicles hired or rented by the business
Certain personal vehicles that qualify as commercial due to their weights or sizes
What does commercial auto insurance cover?
The average commercial auto policy can offer numerous benefits, each of which can apply to different loss scenarios involving your vehicles or drivers. These include:
Hired/Non-Owned Auto Liability Insurance: This liability coverage extends to vehicles not owned by the business but used by them for business purposes. These might include employees’ personal cars or vehicles that you rent or hire to use temporarily.
Collision Insurance: This covers damage to your own vehicle that you sustained in a wreck.
Comprehensive Insurance: This coverage pays for damage from non-accident mishaps, such as weather damage, fires, theft, vandalism or similar accidents.
Medical Payments/Personal Injury Protection: If you get hurt in an accident, this coverage can pay for your medical bills. Sometimes, it will cover other losses, such as lost income.
Uninsured/Underinsured Motorist Insurance: This insures you against damage caused by someone else who doesn’t have appropriate liability coverage. If you are the victim of a hit-and-run, for example, then this coverage can pay for your car’s damage.
Additionally, other policies and endorsements might help you expand your benefits, such as:
Inland Marine Insurance
Rental Car Reimbursement
Custom Parts Coverage
Is commercial auto insurance required?
Because your business’s uses of vehicles are unique, you must customize your commercial auto plan in order to make it work specifically for you.
You must carry coverage that meets all standards set by Texas's mandatory insurance laws. Texas state law requires all commercial auto policies to have a minimum liability limit of $30,000 per person and $60,000 per accident for bodily injury, and $25,000 for property damage (i.e. 30/60/25). Some policies are required to carry higher limits based on the types of vehicles listed.
Regardless of any requirements, the benefits you will receive by investing in higher levels of coverage will ensure you have a high degree of protection in the event of any particularly challenging vehicle issue.
How much does commercial auto insurance cost?
Numerous factors can influence the costs of commercial auto insurance, including the type of coverage you buy, the location of your business and the value of the vehicles to be insured.
Is Your Business Protected With Commercial Auto Insurance?
At J.S. Edwards & Sherlock Insurance Agency, we understand how important commercial auto insurance coverage is for any company that utilizes vehicles to take care of business responsibilities. The right insurance policy could potentially save your company thousands of dollars in the event of driver error that leads to an accident or injury.
We’ll Help You Choose the Right Policy - We know how confusing it can be to sift through the various insurance policies and choose the one that’s right for you. That’s why we are committed to helping each of our policyholders select the commercial auto insurance policy that is designed for their particular business needs. To get started, give us a call at (409) 832-7736 today!