In Kentucky, most commercial vehicle accidents occur on state roads like Newtown Pike, Todds Road, and the Frankfort East-West Connector. The top causes of these accidents are driver error and overweight or improperly loaded trucks. Business owners in Kentucky can protect their company’s finances by investing in a solid commercial vehicle insurance policy.
An independent agent in Kentucky can help you find competitively priced commercial vehicle insurance that is compliant with state and federal laws. Contact an insurance agent near you to learn more and to start comparing customized quotes.
The Kentucky Office of Highway Safety tracks vehicle accidents in the state. According to their reports:
Kentucky businesses that own a vehicle or vehicles are required by state law to cover these cars, trucks, vans, or buses with commercial vehicle insurance. When a commercial vehicle is involved in an accident, the company that owns it has increased risk of being named in an expensive liability lawsuit, so this coverage can prove crucial to your bottom line.
Commercial vehicle insurance can protect your business from the large financial losses that may arise due to liability lawsuits, court costs, damage to your vehicles, and the potential loss of income that may occur if your business is left without its necessary mode of transportation.
Commercial vehicles can range from taxis to dump trucks to 18-wheelers. Therefore, the cost to cover these business-owned vehicles can vary significantly from one business to the next. Rates are calculated according to a number of factors, including :
The only way to get a good idea of what a policy will cost your business is to request quotes from a variety of commercial vehicle insurance providers. A local independent insurance agent can save you time by doing the comparison shopping legwork for you.
All commercial vehicle insurance policies in Kentucky must include liability insurance. The minimum amount required is based on the type of vehicle you are insuring and the materials it will be used to transport.
Additionally, commercial vehicles that engage in interstate commerce are subject to US Department of Transportation regulations. If your commercial trucks will be driven out-of-state, a local independent insurance agent can help you be certain that your policy meets all federal guidelines as well as the Kentucky state requirements.
While liability coverage is a required part of your commercial vehicle policy, you can also include a number of optional coverage types in your policy. Doing so can help protect your business finances if one of your drivers is involved in a collision. Commercial auto insurers will typically offer the following coverage options:
A local independent insurance agent can help you decide which coverage types are right for your Kentucky business. Your agent can also help you obtain an affordable umbrella insurance policy if you wish to have even more liability coverage than your commercial vehicle policy allows.
A local independent agent can help you find a competitively priced policy that meets all of your coverage requirements. These agents can also serve as a great resource when it comes to safety and claims assistance. Find an insurance agent near your Kentucky business to start comparing customized commercial vehicle insurance quotes.
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