When many people think of a commercial auto insurance policy, they may picture large vehicles such as semi-trucks, box trucks, or garbage trucks. However, many different types of vehicles can qualify for a commercial auto insurance policy—especially for business owners and drivers in Little Rock, AR.
How to Determine If You Need a Commercial Auto Insurance Policy
If you’re using your vehicle—or your employer’s vehicle—for business purposes in Little Rock, you likely need a commercial auto insurance policy or endorsement. This is especially true for those working in the gig economy, such as food delivery drivers or rideshare operators.
For example, if you’re delivering food using your personal vehicle and get into an accident, your standard personal auto insurance may not cover damages. That’s why it’s important to have the proper commercial coverage in place.
Here’s a quick reference to help determine if you may need a commercial auto policy:
- Using your vehicle to carry business equipment
- Freight transportation
- Towing vehicles
- Delivering food or goods (Amazon, DoorDash, newspaper delivery)
- Driving for rideshare (Uber, Lyft) or taxi services
- Transporting materials for work
How Is a Commercial Auto Insurance Policy Different Than Personal Auto?
Because your vehicle is used for business, it involves different risks—and insurance companies rate it differently than a personal policy. Each commercial auto policy is unique, so it’s important to discuss your needs with an agent. If you own multiple business vehicles in Little Rock, a fleet policy may be ideal. You might also consider adding a commercial umbrella policy for extra protection in case of major accidents.
How Much Does Commercial Auto Insurance Cost?
Just like personal auto insurance in Little Rock, the cost of commercial auto coverage depends on several factors, including:
- Driving records
- Age of the driver
- Credit history
- Size and type of vehicle
- Number of vehicles insured
- What you transport
Not Sure What Kind of Coverage You Need?
That’s where G&G Independent Insurance can help. Our local agents will work with you to find the right commercial auto insurance coverage for your business—whether you use your vehicle for both personal and professional use or strictly for work.
Contact us today to explore your options and make sure your business is properly protected on the road.
