Commercial Auto Insurance for Contractors in Gwinnett County
Contractors in Georgia often use vehicles to move equipment and teams throughout the workday. Expo Insurance Agency Inc can help you review commercial auto insurance options to address related risks.
Why Contractors Need Specialized Coverage
Many independent contractors and small business owners assume their personal auto insurance covers business use. If a vehicle is used mainly for business, like hauling tools or towing trailers, a personal policy may deny a claim after an accident. Commercial auto insurance can provide higher liability limits and the coverage needed to keep your livelihood intact.
Commercial Auto Insurance Coverage Options
Standard commercial auto insurance policies may include these coverage options:
- Liability coverage may help cover third-party bodily injury or property damage when your business is at fault in an accident.
- Physical damage coverage can cover damage from collisions, theft, vandalism or weather events.
- Uninsured/underinsured motorist coverage may help cover costs after an accident if the at-fault driver has little or no insurance.
- Hired and non-owned auto coverage can extend coverage to rented vehicles or employees’ personal vehicles used for work.
Factors That May Influence Your Premium
Insurance costs may depend on several factors, including:
- Your business’s claims history: A track record of fewer claims can lead to lower premiums.
- Driving records of covered employees: Violations or accidents on record may increase costs.
- The type, value and usage of your vehicles: Heavier use or higher-value vehicles can mean higher premiums.
- Coverage limits and optional endorsements: Broader coverage or added endorsements may raise your overall cost.
- Your selected deductible amounts: Choosing a higher deductible can lower your premium, but may increase out-of-pocket costs after a claim.
Secure A Policy Today
Contact Expo Insurance Agency Inc to learn more about your coverage options and get a free personalized quote.