Why Choose Our Business Auto Insurance?
When your business relies on vehicles to get the job done, having the right insurance coverage is crucial. Business Auto Insurance provides the protection you need to keep your operations running smoothly, whether you have a single vehicle or an entire fleet. At The Wallace Insurance Agency, we understand the unique risks that come with using vehicles for business purposes. As a family-owned and operated agency, we’re committed to offering personalized service and tailored insurance solutions that fit the specific needs of your business. With our extensive experience in the insurance industry, we provide the coverage you need to protect your vehicles, employees, and bottom line.
Coverage Options
Business Auto Insurance offers a range of coverage options designed to protect your company vehicles, drivers, and business from various risks. Here are the key components of a comprehensive business auto policy:
Liability Coverage: Protects your business in case one of your vehicles is involved in an accident that causes bodily injury or property damage to others. This coverage includes legal defense costs, medical expenses, and potential settlements or judgments.
Physical Damage Coverage: Covers damage to your business vehicles resulting from collisions, theft, vandalism, or other perils. This coverage typically includes both collision and comprehensive options, ensuring that your vehicles are protected in a wide range of scenarios.
Uninsured/Underinsured Motorist Coverage: Provides protection if one of your vehicles is involved in an accident with a driver who doesn’t have adequate insurance. This coverage helps pay for damages to your vehicle and medical expenses for your employees.
Medical Payments Coverage: Pays for medical expenses for the driver and passengers in your business vehicle if they are injured in an accident, regardless of who is at fault.
Hired and Non-Owned Auto Coverage: Extends liability protection to vehicles your business rents, leases, or borrows, as well as personal vehicles used by employees for business purposes. This coverage is essential for businesses that don’t own all the vehicles they use.
Rental Reimbursement Coverage: Covers the cost of renting a vehicle if one of your business vehicles is out of commission due to a covered loss. This helps ensure that your operations continue without disruption.
These coverage options work together to provide comprehensive protection for your business vehicles, helping you manage risks and keep your business on the road.
