Commercial Auto Insurance for Independent Contractors vs. Company Fleets

Whether you’re an independent contractor or manage a fleet of company vehicles, commercial auto insurance is essential when you use a vehicle to conduct business.

Commercial Auto Insurance

With commercial auto insurance, you can tailor policies to fit the specific needs of your business. For instance, if you transport goods, you may need additional coverage for cargo. If you travel long distances, you may also want to consider higher liability limits.

The type and number of vehicles used by your business are also important considerations. For instance, a delivery van may need more comprehensive coverage than a standard passenger car. Also, if you have a fleet of vehicles for your business, you may be eligible for fleet insurance, which can cover multiple vehicles under a single policy.

Your insurance broker can help you determine the right coverage for your needs based on what vehicle or vehicles you use for your business operations.

Review Your Policy Needs

It’s important to regularly review your operations to determine any changes that need to be made to your commercial auto policy. If you change what vehicle(s) you use for your business, or if you use them differently (e.g., you begin to transport items), you may need to adjust your coverage. Keep your insurer in the loop on any business changes so they can help your policy keep up with your risk exposure.

Contact Us

The professionals at Sweet Insurance Agency in Bingham Farms, MI can help you find the right commercial auto insurance for your needs and budget. Contact us today for a personalized quote or more information.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.