Commercial Auto Insurance in Greenville and Simpsonville, SC
Every aspect of your business deserves to be insured with the utmost care, including the vehicles you use to operate. At The Smith Insurance Agency, we work with a variety of top carriers to find you a tailored policy that suits your business’ insurance needs and your budget. Without strong professionalism and knowledge base in all things insurance, our kind staff will work to make sure you get a policy for the right coverage at the right price.
What Does Commercial Auto Insurance Cover?
A full coverage commercial auto insurance policy throughThe Smith Insurance Agency may include:
Comprehensive Coverage: Comprehensive coverage provides compensation for damages to the insured vehicle caused by fire, wind, hail, lightning, falling objects, theft, vandalism and more.
Collision Coverage: Collision coverage provides compensation for damages to the insured vehicle caused by a collision with another vehicle or object.
Liability: Liability insurance covers bodily injury and property damage a driver may cause someone else while operating the insured vehicle. All policies come with state-required minimum liability coverage, though higher limits are available.
Medical Payments Coverage: Medical payments coverage provides compensation for injuries the driver and their passengers may suffer after an accident, no matter who is at fault.
Uninsured/Underinsured Motorist: This insurance covers damages that occur after an accident involving a driver who is not carrying enough insurance at the time of the accident.
Roadside Assistance: Roadside assistance helps with trip interruptions such as popped tires, running out of gas, towing, etc.
There are other coverages available, as well, such as Hired and Non-Owned Liability, which is insurance for vehicles used, rented or borrowed by the business.
When is Commercial Auto Required?
Most states require all vehicles to carry a certain amount of auto insurance, whether they are commercial vehicles or personal vehicles. All commercial vehicles in South Carolina, for example, must carry at least $25,000 in bodily injury liability per person and $50,000 per accident. More requirements become necessary for certain commercial vehicles, such as passenger vehicles and property carriers. Be sure to check your state’s minimum requirements. Depending on what type of items or how many people you transport, you may want higher limits than the state-required amount.
Liability insurance requirements also will not cover damages to your business’ vehicles or those inside.
Protect Your Commercial Vehicles Today
The Smith Insurance Agency is dedicated to connecting business owners with affordable commercial auto insurance policies that are affordable, easy and comprehensive. Connect with an insurance professional today at 864-233-8674 or fill out an online quote form to get started.
Common Commercial Auto Insurance Questions
What is Commercial Auto Coverage?
Commercial auto coverage is auto insurance that is geared specifically for commercial vehicles, or vehicles used for work. This may include company cars, pickup trucks, vans, eighteen wheelers, buses and more.
How Much Commercial Auto Insurance Do I Need?
Aside from state-required minimum liability, you will need enough insurance to cover the cost of your commercial vehicles. This varies per business, so speak with an insurance professional at The Smith Insurance Agency to discuss how much coverage you need.
How Much Does Commercial Auto Insurance Cost?
The price of commercial auto insurance differs depending on several factors, such as your location, size of the business, claims history, driving record of all drivers, etc. On average, a business may pay around $900 to $1,200 a year per vehicle for commercial auto insurance.
Who Does Commercial Auto Insurance Cover?
Commercial auto insurance is designed to cover whoever is allowed to operate the vehicle. For extra coverage, you may be able to purchase a named policy, where you can add specific drivers to specific vehicles.