It might surprise you, but dozens of businesses have entrusted The Ephraim Group with their commercial auto insurance needs in Lawrenceville, GA. Consequently, today’s business owners realize how important this vehicle insurance is, when it comes to the protection of their drivers and other assets.
Liability Coverage (for others when the accident is your fault)
Bodily Injury Liability Coverage – This covers medical expenses for the injuries incurred by the drivers and passengers of other vehicles; no matter if it is one or more. We advise our clients to consider paying for higher coverage limits, as it will allow our company to settle out of court more often.
Property Damages Liability Coverage – This covers any property damage expenses incurred by the other driver(s); whether it’s a house, fence, mailbox, tree, and of course, a vehicle.
Coverage (for you, your vehicle)
The following is a list of commercial auto insurance coverage in Lawrenceville, GA, that The Ephraim Group provides:
Collision – Thus, covering damages to your car from collisions with moving or stationary objects. Under these circumstances, a deductible will apply. (NOTE: the lower your deductible amount, the higher your premium payment and vice versa.)
Comprehensive – This is coverage for your car due to losses such as theft, fire, storm damage, vandalism, glass breakage and collision with animals under some policies. Deductible applies; typically the higher your deductible, the lower your premiums.
Emergency Roadside Service (towing) – This optional coverage pays for towing charges of up to $200 per incident. It also includes labor and service charges such as: changing a flat tire, jumping your battery, repairing a fan belt, and so on (check your commercial auto insurance policy in Lawrenceville, GA).
Medical Payments – Thus, covering injuries to your passengers; whether the accident was deemed at fault or not. Preset amounts for each item are covered. This includes ambulance rides, emergency room costs, and follow-up visits to the treating physician. Although this coverage is not required, The Ephraim Group highly recommends it.
Radius Rating – Most insurers rates will vary based on the extent of the radius that a commercial vehicle travels. For instance you can be insured for up to 50 miles, 50 to 100 miles, 100 to 150 miles, 150 to 300 miles, and so on.
Rental Car Coverage – insurer will pay a preset dollar amount towards rental car expenses; as it is unlikely that you will be able to drive your vehicle
Uninsured Motorist Bodily Injury – This covers your passengers’ medical expenses, for their injuries, when the other driver is deemed at fault. However, it typically applies when the other driver is insufficiently insured or uninsured (includes hit and run situations). Most companies require a deductible.
Uninsured Motorist Property Damage – Thus, covering the damage to your vehicle when the accident is the other driver’s fault, and is uninsured. As with UMBI above, most companies require a deductible. (NOTE: the lower your deductible amount, the higher your premium payment and vice versa.)
Contractor’s Discount – Some insurance companies, including The Ephraim Group, provide discounts for smaller contractor vehicles.
Fleet Discounts – Many insurance companies today offer fleet discounts to cover multiple commercial vehicles, and so do we.
Group Discount – Again, like most other commercial auto insurance companies in Lawrenceville, GA, we offer discounts to members of eligible groups and professional trade organizations
Multi-Vehicle Discount – This covers multiple vehicles on a single policy. Some insurance companies will allow you to insure your personal vehicle on a commercial policy; so that they get the discount.
Key Elements to Consider
Every company vehicle can potentially put the business owner at risk of a lawsuit if it is involved in an accident and its operator is deemed at fault. There are a few important elements that should be considered whenever you are shopping for a commercial auto insurance policy in Lawrenceville, GA. These include choosing between business or personal auto insurance, the classification of the vehicle, and liability limits.
Remember, every vehicle that is registered under the business, or is used in the daily operations of that business, must be insured with a commercial auto policy. No matter what type of business you own and operate, it is imperative that you have your vehicles insured properly, with the right type of insurance. For more information regarding the different commercial auto policies we offer, contact The Ephraim Group today.