Once you decide to start a new business, it is the time for you to think about commercial insurance for the cars that you use for commercial purposes. One of the most critical aspects to get this insurance is commercial car insurance quote.
Despite the requirement of most states to carry this insurance, its importance cannot be doubted. A lot of thins possibly happen while you or your employees use the cars. Accidents that trigger bodily injury, death and property damage needs anticipation.
Instead of paying all medical bills, car repair cost and property damage on your own, commercial insurance will cover them at once.
Beforehand, determining the type of insurance coverage is needed. There are some options, but primarily, you have to consider select bodily injury liability. So, let’s just talk it over.
About Bodily Injury Liability
There is a risk for your employees to have an accident while driving your commercial cars. When accident triggers bodily injury, the need of this liability is apparent.
It covers the cost triggered by the accident related to bodily injury. So, you do not need to pay for the medical and hospital bills, funeral expenses, rehabilitation costs, lost wages, nursing car for long term period, suffering and pain.
If you can deal with commercial insurance quote and purchase this insurance coverage, you can avoid loss against the legal defense for the employees’ involvement in an accident.
After dealing with the quote, the details of the policy have to be planned. The limit has to be determined. It is related to the amount of payment when you file a claim.
Possible Limits in Bodily Injury Liability
There are two types of limits: split and combined single limit. When you have an accident and you have to pay for the injury payment either for per person or all injuries per accident, you will be covered by split limit.
For instance, you write $20,000/$40,000 for split limits/. It means the maximum payment in one single claim will be $20,000 per person and $50,000 for all injuries per accident.
Meanwhile combined single limit does not have specific limit. The total maximum will depend on the damage and bodily injury triggered by an accident.
Dealing with Commercial Car Insurance Quote
Bodily injury liability is mandatory in most states. Even though there are CSL or split limit, there is minimum amount that you require carrying.
However, if you choose the minimum amount, the coverage is not sufficient to pay the medical and hospital bills including the other payments. That’s why you have to choose either split limit or CSL. They have more than minimum liability.
The consequence is that the commercial car insurance quote you possibly get is higher than only carrying minimum liability. Using insurance quote is about comparing. It is not a big deal to compare insurance quotes.
Firstly, you need to request quotes from different commercial insurance companies. You may go to an insurance agent (but, independent one should be more preferable due to the objective quotes). The easiest way to get commercial car insurance quote, however, is by the use of online comparison website.
Fill the form with detail and valid information and after around ten up to fifteen minutes depending on the internet connection, the quotes will be delivered to you. Compare them and choose the one that gives a better coverage of bodily injury. Either split or CSL is on your own preferences.
You had better adapt the limit with the financial state of your company. Going for higher limit affects the insurance premiums. Discounts can be helpful to get your insurance quotes lower. Ask these to the agent in case you meet the requirements.
After dealing with commercial car insurance quote, you can get a good coverage for bodily injury liability with higher limit.