Commercial Auto Insurance in Revere, MA

Driving is integral to everyday business operations for many companies, making commercial auto insurance crucial. It can provide essential financial protection to help your business remain secure in the face of unforeseen accidents or incidents involving your vehicles.

Contact R.M. Cataldo Insurance Agency in RRevere, MA, to start building your customized commercial auto insurance plan.

What Is Commercial Auto Insurance?

Commercial auto insurance is a contract between your company and an insurer. It acts as a safety net, offering financial protection in case of a covered incident or accident. By securing commercial auto insurance, you gain the advantage of having your company’s legal liabilities covered up to the policy’s dollar limits, including at-fault property damage and bodily injury that occurs while driving company vehicles.

Massachusetts companies must maintain minimum auto insurance levels if they use vehicles to conduct business. This generally includes liability, uninsured motorist and personal injury protection coverages. Your insurance agent may recommend the following policies, among others, based on your unique situation:

• Liability insurance may help cover third-party bodily injury and property damage liability claims. Your agent can help determine appropriate dollar limits.
• Personal injury protection (PIP) may help cover accident-related medical bills and other costs associated with injuries sustained by your driver and their passengers.
• Collision insurance may help pay for damages to your covered vehicle resulting from collisions with other vehicles or objects.
• Comprehensive insurance may help cover noncollision-related damages such as fire, vandalism, weather damage or theft.
• Uninsured/underinsured motorist insurance may help cover damages to your company vehicle if you are in a hit-and-run accident or the other driver doesn’t have adequate insurance.

Your agent may also recommend commercial insurance in addition to the above coverages, such as guaranteed asset protection (GAP) coverage, rental car reimbursement, replacement cost vehicle coverage, inland marine insurance, cargo insurance and roadside assistance.

Does Personal Auto Insurance Cover Business Use?

Even if your personal auto insurance policy does not explicitly exclude business use of your or your employees’ personal vehicles, it may not cover accidents that occur while using a personal vehicle for business purposes.

To safeguard both the vehicle owner and your business, it is advisable to consider hired or non-owned auto insurance (HNOA) coverage when you or your employees drive personal vehicles for work purposes.

What Should I Do After a Car Accident?

Check on everyone involved first and call emergency services if anyone is hurt. Once the scene is safe, exchange contact and insurance details with the other driver and take photos of the vehicles, the road and any visible damage. Report the accident to your insurance company as soon as you can, since prompt notice often helps a claim move along. Your policy outlines what your coverage may include, so how a claim is handled depends on its terms.

Can Discounts Lower My Auto Insurance Costs?

Many insurers offer discounts that may reduce what you pay for a policy. Common examples include bundling a home policy with your auto policy, keeping a clean driving record and adding safety features to your vehicle. Each company sets its own discount rules, so the options open to you can differ from one policy to the next.

How Often Should I Review My Auto Insurance Policy?

A yearly review is a sound habit, and you should also take a fresh look after major life changes. Buying a new vehicle, moving, adding a teen driver or changing your daily commute can all shift the coverage you need. Drivers across Revere, MA may face different road conditions and risks, so a policy that fit last year could need adjustments now.

Contact Us

Getting multiple commercial auto insurance quotes from reputable insurers is crucial to help get a favorable rate. Contact R.M. Cataldo Insurance Agency today to compare commercial auto insurance quotes.