Do You Have Proper Commercial Auto Insurance?  

As a Rhode Island business owner, you understand the importance of protecting your assets and investments.

From delivering goods to meeting clients, your vehicles play a crucial role in your company’s success. But do you have proper commercial auto insurance coverage to safeguard your vehicles and business?

Understanding Commercial Auto Insurance

Commercial auto insurance can help cover vehicles used for business purposes. Rhode Island law requires drivers to prove financial responsibility. To most drivers, this means carrying minimum liability insurance coverage, which can cover third-party bodily injury and property damage in case of an accident.

However, standard personal auto insurance policies may not provide appropriate coverage for vehicles used for business purposes.

Operating a vehicle for business purposes without adequate insurance coverage can leave you vulnerable to fines, penalties and legal liabilities. This type of auto insurance ensures you meet Rhode Island’s legal requirements for liability coverage.

It also provides broader coverage than personal auto insurance policies, including for vehicles owned by your business, hired or rented vehicles, and employees’ vehicles used for business purposes.

Your vehicles are valuable assets essential to your business’s operation. This type of insurance also helps protect your company’s financial stability by potentially covering the cost of repairs or replacement if your vehicles are damaged or stolen.

In the event of an accident, your insurance may help provide liability coverage to protect your business from claims and lawsuits filed by third parties for bodily injury or property damage.

How to Choose Commercial Auto Insurance Coverage

Consider your unique needs and circumstances when selecting an insurance for your Rhode Island business.

Our agents can help you with the following:

• Ensure your policy provides adequate coverage limits to protect your business assets and finances in an accident.
• Consider additional coverage options, such as comprehensive coverage, collision coverage, uninsured/underinsured motorist coverage and roadside assistance, to enhance your protection.
• Choose deductibles that align with your risk tolerance and budget. A higher deductible typically results in lower premiums but requires you to pay more out of pocket after a claim.
• Work with a reputable insurer specializing in commercial auto insurance and the unique needs of Rhode Island business owners.

Contact Us

Contact Cormack-Routhier Agency, Inc. in Cranston, Rhode Island, for commercial auto insurance tailored to meet the needs of your Rhode Island company.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.