A commercial vehicle can take a wide variety of forms, from a taxicab, limousine, dump truck, delivery truck, or tractor. Lots of people also employ private vehicles for work, like a real estate agent who shows property to potential clients or a small business owner who sends staff on a job in the employee’s private vehicle. Regardless of what it’s used for, it’s a good idea to think about getting a New Jersey commercial auto insurance if you or someone you employ plans to drive the vehicle for a commercial purpose.
Because commercial vehicles are available in all sizes and shapes and with a variety of uses, commercial vehicle insurance may be designed for every type of vehicle and application. If you want to have a complete policy with no coverage breaks, you will need to work with an agent who is well-informed on the intricacies of such plans and the variety of alternatives available. An independent insurance agent can research a lot of companies and give you a range of New Jersey commercial auto insurance quotes to check out. Contact a New Jersey insurance broker today to ensure you have the appropriate coverage at the best available price.
Can My Personal Auto Insurance Policy Cover My Business Vehicle?
Generally, a personal auto insurance policy is not enough to protect you, your drivers, your vehicles, or others on the road for work-related activity. Thankfully, a commercial auto insurance policy in New Jersey can ensure your business-use vehicle is completely covered. Key dangers you face without it are liability lawsuits, costs for vehicle damage, and penalties from law enforcement.
Every state in the United States requires commercial vehicles to be covered with specialized commercial auto insurance. By working with a local agent, you can review your commercial operation and ensure you have the appropriate amount of commercial auto insurance in New Jersey to reduce potential risks related to your business vehicle and operation.
What Insurance Coverage is Included in a Commercial Auto Insurance NJ?
While the dangers connected with commercial vehicles are not the same compared to those of personal vehicles, the coverage types available are pretty similar. However commercial policies tend to have higher policy limits to protect the value of the vehicle and the value of the related business.
The coverage you require will include some or all of the following:
-Typical liability coverage for physical injury and damage to property in case you or a driver of the commercial vehicle is regarded at fault in an accident
-Accident coverage for repair or replacing your commercial vehicle in the event of an accident
-Comprehensive coverage to protect you from loss caused by theft, fire, vandalism, serious weather, or damage
-Rental insurance if you require a commercial vehicle while your business vehicle is being repaired
-Uninsured/under-insured coverage in case you or one of your staff are in an accident due to a driver who lacks enough coverage to cover the damages
-Medical bills insurance coverage to pay for medical bills you or your employees might incur in an accident.
It’s important to remember that complete insurance does not cover damage from floods or earthquakes. If you live in a place at risk from either, request your agent for assistance finding New Jersey flood insurance quotes or earthquake insurance policies.
Evaluating New Jersey Commercial Auto Insurance Quotes
One of the most important factors of running any business is making sure you are in compliance with the law and that your business is as protected as possible. The question then turns to: how much commercial auto insurance New Jersey is sufficient for your business? Leverage a professional to find that answer. If your present New Jersey insurance broker is “captive” to representing just one insurance provider, then you may never understand all the alternatives available to you.
For this reason, business owners in New Jersey turn to the nation’s 22,000 agencies for help. These independent agents reveal quotes from fighting companies and can provide you with the best commercial auto insurance in NJ so you can prevent issues such as underinsuring and over-insuring.
Find your NJ insurance brokers now to ensure you have the proper safety at the most beneficial value.