From Fromm Family Foods to the Diamond Discs International, Milwaukee is home to many highly successful, privately owned businesses. Entrepreneur Magazine lists Milwaukee as one of the “hottest” U.S. cities in which to start a company in part because of the many federal, state and local programs designed to help budding business ventures. If you own one of the many small businesses in this city that require the use of company-owned vehicles in their day-to-day business operations, you will need to purchase a Milwaukee, WI commercial vehicle insurance policy.
If your privately owned business relies on company-owned vehicles as part of its daily operations, commercial vehicle insurance is necessary not just because the state mandates it but because, without it, the liability charges from a single accident have the potential to bankrupt your company, particularly if the accident proves to be fatal.
Commercial vehicle insurance policies are as varied as the businesses that rely on them. Company vehicles can range from smaller vehicles such as delivery cars and vans to construction vehicles such as dump trucks or even large cargo trucks, including 18-wheelers. Companies will have different coverage needs for these vehicles depending on their size, passenger capacity, cargo types and purpose.
Statistically, the most common cause of motor vehicle accidents in Milwaukee is driver error. You can minimize the risks faced by your company by carefully hiring experienced drivers with good driving records.
It is also important that you properly maintain your company’s vehicles and that your drivers have access to safety education materials and training. It is highly recommended that you limit the number of hours your employees spend on the road each day because driver fatigue can cause lapses in judgment that can ultimately lead to an accident.
Unfortunately, even the best drivers can sometimes find themselves involved in a vehicular accident. Dangerous intersections, careless maneuvers by other drivers and hazardous weather conditions can all play a role in causing an unavoidable collision.
A Milwaukee commercial vehicle insurance policy can ensure that, following an accident, your business is able to continue operations with minimal financial loss. Most policies will even provide rental or replacement vehicles so that your business can continue uninterrupted operations.
At the very least, your commercial vehicle insurance policy will provide liability coverage to provide compensation for injuries or property damage to third parties. From there, you can build a customized policy by selecting only the coverage options that meet your company’s coverage and budgetary needs. These are some of the options:
There are also a variety of coverage options designed specifically for larger commercial trucks and construction vehicles.
Naturally, a company that relies on a fleet of cars for local deliveries will have vastly different coverage needs than one that uses trucks in interstate commerce or one that uses a variety of construction-type vehicles. This is why commercial vehicle policies offer so many coverage options. When building your customized Milwaukee commercial vehicle insurance policy, you will want to be sure that you are getting all the coverage that you need and not coverage you don't need.
A local Trusted Choice® network agent can make shopping for a policy easy. Contact an agent in your area today to get more information and to begin comparing a variety of competitively priced Milwaukee commercial vehicle insurance quotes.