Basic Information about Commercial Auto Insurance in New York

1. Basic Information about Commercial Auto Insurance in New York If you are using a vehicle for your business, then commercial auto insurance is very important. Commercial auto insurance will pay for the damage of property and also the medical bills incurred during the accident. Even vehicles owned for small businesses must have commercial auto insurance for it. This rule is followed in all the states. Virginia and Hampshire are exceptional but it is better to buy insurance for that also. In this blog let us discuss some information about rules of commercial auto insurance in New York. If you are using the vehicle for transporting products, equipment, tools related to the business then it is compulsory to buy commercial auto insurance NY for that vehicle. If you are buying a vehicle in the registration of the company, if you are using it for driving to the office or worksite, and if you are using it

2. to transport the employee or clients in the vehicle then you must buy commercial auto insurance. Non- owned and hired auto insurance covers the business use also. Some of the vehicles covered in this policy are leased trucks and employee-owned vehicles. Personal auto insurance will not cover damages caused because of business use. Cost ofcommercial auto insurance New York: If you are buying commercial auto insurance for small business then it is a little expensive. The total cost of the commercial auto insurance is affected by various factors. Some of the main factor which affect the cost of the commercial auto insurance are total number vehicles insured in the plan, type of the vehicle, actual value of the vehicle, risks involved and also the level of the risk and damage, history of insurance claim, driving record of the employee, deductibles in the policy plan and all the limits related to the policy. Coverage ofcommercial vehicle insurance NY: Some of the major things covered in the commercial auto insurance are the cost of an accident, theft of the vehicle, vandalism and vehicle damage. But all types of vehicle damages are not covered in the insurance. It covers only certain damages.

3. Some of the commercial auto insurance coverage is the liability of auto accidents, medical payments, collision, and physical damage. Liability of auto accident: Liability is covered in commercial auto insurance. It helps to pay the damage. It includes the cost of repairing another person’s property or vehicle and other legal expenses related to the accident. Medical payment: Medical expenses of you and the passengers in the vehicle are covered in this insurance type. Collision and physical damage: Commercial auto insurance protects the vehicle from theft, vandalism, physical damage caused by the impact of another object, and damage because of harsh weather conditions. Most business vehicles without commercial auto insurance cannot repay the money for the damage caused by the accident. The uninsured motor policy protects your vehicle repair and medical bills from damages caused by an uninsured vehicle.