Locally-owned businesses are thriving in Wisconsin. However, there are financial risks associated with running a business, and these risks increase significantly when company vehicles are part of the equation. Motor vehicle accidents involving company cars or trucks sometimes happen, and when they do, resultant liability expenses have the potential to bankrupt a company that is not property insured. A comprehensive commercial vehicle insurance policy can protect your business from the financial impact an accident can have.
Many different kinds of businesses use commercial vehicles. These can range from cars, such as those used for pizza deliveries, to 18-wheeler trucks, such as those used for interstate commerce. Different types of vehicles have different insurance mandates. Vehicles used to transport people, such as buses or vans, have higher liability coverage requirements, as a single accident can lead to multiple injuries.
As evidenced by the numbers above, accidents can happen anywhere. Wisconsin’s winters can be brutal, with heavy snowfalls and icy roadways. In the spring and summer, heavy downpours can lead to hazardous roadways and limited visibility. Other factors that can lead to accidents include driver distraction and vehicle or equipment failure.
You can do your part to minimize risks by hiring drivers with great driving records, and providing them with training and education. You can keep all company vehicles well-maintained, and limit the number of hours your drivers are on the road each day. Some accidents, however, are unavoidable, so it is best to ensure that you are also fully protected by a comprehensive Wisconsin commercial vehicle insurance policy, to prevent financial loss.
All commercial vehicle insurance policies will provide liability protection, to cover injuries or property damage to others, in the event of an accident. Some of the many other coverage options include:
There may be other coverage types that would be best for your vehicles and your line of work. A local agent can help you find the right options for your commercial auto policy.
Each of the companies headquartered in Wisconsin is unique, and so too are their commercial insurance needs. There is therefore no such thing as a one-size-fits-all policy when it comes to commercial auto or commercial truck insurance. When you purchase a policy, you will want to be sure that you are getting all the coverage that you need, while not paying for coverage that you do not need.
A local Trusted Choice® agent can make this process easy for you. An independent agent can review your company’s needs and find you a variety of policies that can meet those needs. Contact an agent in your neighborhood today to obtain more information, and to receive customized Wisconsin commercial vehicle insurance quotes.