Commercial Auto Insurance
Commercial Auto Insurance Information
Commercial Auto Insurance in Georgia
Commercial auto insurance is designed to provide insurance coverage for companies that use vehicles during their operations. It may help provide essential protection for company-owned vehicles and help cover legal liabilities that may arise from accidents or incidents.
Contact Unified Insurance Agency in Thomasville, Georgia, to explore your options and secure appropriate commercial auto insurance coverage at a great rate.
When Is Commercial Auto Insurance Required?
Georgia requires all drivers to maintain minimum auto liability insurance to comply with state laws. Liability insurance may help pay for accident-related third-party injuries and property damage up to the policy’s dollar limits.
Generally, any business that uses vehicles needs commercial auto insurance. If you or your employees use personal vehicles for work purposes, a personal auto policy may not provide coverage in those situations. Instead, hired and non-owned auto insurance (HNOA) coverage may help protect the vehicle owner and your business. Speak with your insurance agent to see if HNOA coverage may suit your circumstances.
If your business finances vehicles, the lienholder often requires full coverage insurance, including collision and comprehensive policies, to help protect their investment. They may also require guaranteed asset protection (GAP) insurance, which may help bridge the gap between the vehicle’s payoff amount and the insurer's settlement in case of a total loss.
How Does Commercial Auto Insurance Work?
Commercial auto insurance can help address a company’s legal liabilities following at-fault accidents resulting in property damage or injuries to third parties. Depending on the coverage selected, it may also protect your company’s insured vehicles.
Commercial auto insurance is a contract between the insurer and a company that uses vehicles. Coverage generally starts with minimum state-mandated auto liability coverage, which may help cover the company’s legal liability for accident-related third-party property damage and injuries.
Your agent may recommend that you buy more than the minimum required amount of auto liability coverage to help provide additional financial protection. If third-party damages exceed a policy’s dollar limit, your company may be liable for paying remaining costs out of pocket.
Commercial auto insurance is highly customizable. Beyond minimum liability coverage, you can also choose policies to help cover damage to company vehicles. Other options that may be available include comprehensive and collision, GAP insurance and uninsured/underinsured motorists coverage.
Contact Us
Securing commercial auto insurance is a fundamental step for any business that relies on vehicles for its daily operations. Unified Insurance Agency in Thomasville, Georgia, can help you get a range of commercial auto insurance coverages tailored to your specific needs.
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