Any vehicles used by your business for commercial purposes require the same kinds of insurance coverages as your personal vehicles, i.e., liability, collision, comprehensive, medical payments, and uninsured/ underinsured coverage. Your personal auto insurance cannot adequately cover your business vehicle in a mishap.
Talk to our team at Liberum Insurance for more information on commercial auto insurance. Also, if you use your commercial vehicles for personal tasks, keep the business name as the "principal insured" on the policy to prevent any confusion while filing claims.
Contact UsA typical small business in Georgia can expect to pay anywhere between $300 and $5,000 annually for their general liability policy. The final cost of liability coverage from one business to the next will vary significantly based on the SIC code or the insurance company's own classification system for GL rating.
The purpose of insurance is to help protect your business from these risks. Business insurance helps protect your business's financial assets and intellectual and physical property from Lawsuits—property damage.
Business insurance can help pay the costs of property damage, lawsuits, lost business income, and other covered losses. To help protect against specific risks unique to their situation, businesses often buy multiple coverages and combine several in one policy. A Business Owner's Policy, for example, combines property, general liability, and business income coverage into one convenient policy.