How to Get the Best Commercial Auto Insurance in Missouri

If your business uses cars, trucks, vans or other vehicles, its risk management and loss control efforts must be composed accordingly. Automobiles represent significant financial investments, and operating them involves inherent risks and exposures. Regardless of how well-maintained vehicles may be or the experience levels of your drivers, accidents are inevitable, necessitating suitable commercial auto insurance.

What Does Commercial Auto Insurance Cover?

Commercial auto insurance policies may include various options, endorsements and coverages and can often be tailored to suit your business’s needs and preferences. When assembling the best policy for your needs, consider the following components:

• Third-party liability coverage—This part of your insurance is typically required by law. It can compensate other parties for losses arising from accidents for which your business was at fault.

• Medical payments coverage—This coverage may help pay for health care costs if employees are injured while using a vehicle.

• Personal injury protection—This feature of commercial auto insurance can also help pay for medical bills and expand coverage further to potentially compensate for the lost wages of affected employees.

• Collision coverage—If an insured vehicle is damaged in a crash, this coverage can help pay for repair or replacement costs.

• Comprehensive coverage—This coverage can compensate your business for losses arising from noncollision incidents, such as fires, criminal activity and severe weather.

• Hired and non-owned coverage—If your employees use a personal or rented vehicle for business, this can provide liability coverage.

How Much Does a Policy Cost?

Your commercial auto insurance rates may be influenced by many factors, including the following:

• Location

• Industry

• Vehicle details (e.g., size of fleet and types and values of vehicles)

• Employee driving records

• Claims history

• Policy details (e.g., endorsements, limits and deductibles)

Get the Best Coverage

Contact The Meyer Group today to learn more about commercial auto insurance or to compare personalized quotes.