The Facts about New York Commercial Auto Insurance
Commercial auto insurance rates and costs can vary widely depending on your industry and driving record of your employees. To save time and money, prepare a checklist of minimum coverages and the level of additional protection you want. You should compare quotes online at an independent agency that offers multiple premium estimates at one website. Companies in Centereach, Coram, Selden, and Mastic, New York, can save significant dollars by following this plan.
Your business needs commercial auto insurance to protect your operations and company assets from litigation arising from car accidents, when the vehicle involved is owned by the organization or was transacting company business. You may enjoy further savings by bundling van, pickup and box truck insurance coverage with your basic commercial auto protection.
You might also benefit by combining your auto coverage with comprehensive general liability (CGL) insurance to protect multiple parts of your business. New York is a "no fault" insurance state, which means your insurer pays your claims and another party's claims are paid by their insurer. This places a high value on the care and attention your employees pay to their environment when driving. As a no fault state, this also means it is illegal to operate a motor vehicle without, at least, minimum coverage.
However, if your business in Centereach, Coram, Selden, or Mastic, owns real estate, furniture, equipment, and/or inventory, minimum coverage of $25,000 per person bodily injury, $50,000 per accident total bodily injury, and $10,000 property damage is probably insufficient. Injured parties suffering more costly medical bills can still sue your company for outstanding expenses after the maximums (25/50/10) are exceeded.
Using those agents that offer multiple quotes from different companies allows you to compare identical coverage to find excellent cost savings. Ask about any quotes that are discounted if you package your commercial auto coverage with one or two other business insurance protection (CGL, property, BOP, etc.) policies.