Whether your Kansas-based business delivers pizzas or flowers, or hauls heavy equipment or livestock, only a comprehensive commercial auto insurance policy can protect your business interests and investments from costly repairs and expensive lawsuits. Before you search for commercial auto insurance quotes, however, there are several factors to consider.
These are vehicle statistics, according to the KS Department of Highway Patrol:
KS law requires business owners to obtain commercial auto insurance for any car or truck that transports people.
State regulations also mandate that businesses transporting goods, retail or wholesale, carry commercial auto insurance.
If your business has cars or trucks registered with the KS Department of Motor Vehicles as commercial, chances are that you must carry commercial auto insurance.
Kansas classifies commercial vehicles in the following categories:
As a business owner, you need commercial auto insurance for any car, taxi, van, limo, bus or small truck that you use for business because a personal auto policy will not cover your vehicles used for business. This coverage will protect you and your business investments from the expense of property damage, injury and liability claims that you may incur in the use of your commercial vehicles.
For larger commercial trucks or vehicles such as tow trucks, cement trucks, construction vehicles, tractor-trailers or semi-trucks, you will need a commercial auto insurance policy. Not only is your commercial policy critical for protecting your business financially, but the law requires it.
Businesses are often an easy target for personal injury lawyers when accidents occur. Only a commercial auto insurance policy can protect your business assets and future revenues from being part of a high-value settlement following a lawsuit.
A basic commercial auto insurance policy operates much like your personal auto insurance. However, you may want to carefully consider the additional policy coverage options offered by most Kansas insurance providers to fully protect your investments. Your options will include the following:
Because no two Kansas businesses are exactly alike, neither will any two commercial auto quotes be identical. Most insurance providers use several factors in calculating your commercial auto quotes, including the following:
Generally, insurers will quote a lower premium for a passenger car than for a heavy-duty vehicle such as dump truck. However, insurance carriers also offer discounted fleet insurance.
The quotes you receive for commercial auto insurance will also depend on the driving records of the drivers who will be using your commercial vehicles. That's why it's important to conduct driving record background checks on any potential driver.
In terms of the cost for the type of vehicle you are insuring, rates are generally the least expensive for vehicles used in construction and farming. Vehicles used as passenger vehicles and for small deliveries are slightly more expensive. The most expensive quotes are for heavy-duty cargo vehicles that transport loads of more than 10,000 pounds.
You have probably worked hard and invested much into your Kansas business and the vehicles you use to earn that revenue. Protect that investment with a comprehensive commercial auto insurance policy. Knowledgeable independent insurance agents of the Trusted Choice® network are always here to answer any questions, suggest coverage options unique to your business and even assist you in filing a claim.
Contact a Trusted Choice agent near you to find out how you can protect your business investments with a commercial auto insurance policy.