Coverage for cars: Commercial auto insurance is necessary for company vehicles ... Southeast Missourian
Company vehicles may provide convenience; a uniform, professional image; and even on-the-go marketing, but they also require a lock-tight commercial insurance policy."With more vehicles you have more risk, so you need more protection," explains Nathan Brown, an insurance agent with W.E. Walker-Lakenan of Jackson. Whether you have one business vehicle or 100, says Brown, each vehicle needs to have a commercial auto insurance policy in place. The good news is that companies with large fleets or few accidents are usually eligible for discounts, says Rob Johnson, an agent and consultant with The Daniel and Henry Co. of Cape Girardeau.
Johnson recommends at least $1 million each in liability coverage, uninsured and underinsured driver coverage and hired/non-owned auto coverage, as well as proper comprehensive and collision coverage. Bigger vehicles can do bigger damage, which leads to bigger medical bills and lawsuits, adds Brown -- some companies may want to consider an umbrella policy
InjuryBoard.comChrysler Consumers Hurt Twice - Now What?Most responsible corporations have insurance,” Langdon says, referring to the federal government's ownership share of the new company. Henry Didier, an Orlando attorney is telling his clients to file a notice of claims, even though it could produce
