How much commercial auto liability coverage do I need?
There are many factors that will determine how much commercial auto liability coverage your business needs. Your location, fleet, and business model will all be important elements. For example, if you use a van to transport passengers to and from the airport, you will need less coverage than someone who manages an entire fleet of semi-trucks.
Most tractor-trailers require a limit of $750,000 for operation, but all other vehicles require coverage amounts according to the laws in their home state. In general, many companies opt for more than the minimum required coverage. This simply provides peace of mind in the event of a devastating crash that could lead to expensive litigation.
You may be wondering, how much will I have to pay for this type of coverage? Again, premiums are determined by several factors, including:
- Driving record
- Garage location
- Limit of liability coverage needed or desired
- Type of business operation
- Condition and age of vehicles
Our knowledgeable team will provide free policy reviews for any type of commercial vehicle. This allows us to learn more about your business to find the best policy match. American Insurance Brokers works with more than 35 “A” rated truck insurance companies in order to get the most competitive price for your insurance.