Commercial Insurance Part 1: Automobile Insurance
Did you know that Costen Insurance offers more than just auto, property, recreational and travel insurance? In addition to the personal lines products that we offer, we have markets that can accommodate small to large commercial operations including: liability, auto, property, special events, and more.
Commercial automobile insurance policies provide coverage for individuals or businesses who are using their vehicles in a commercial capacity. Some of the most common types of commercial vehicles that we insure include:
In Part 1 of our three-part post, we would like to share some information on what is typically included in a Commercial Automobile policy. Most Commercial Automobile policies offer similar coverage to a standard personal automobile policy, so we thought it would be helpful to breakdown the different areas of coverage that are available.
Please note that Section A and Section B are combined coverage and cannot be deleted or added independently of each other.
Additional endorsements such as the SEF 39 (Accident Rating Waiver) and SEF 20 (Loss of Use) should also be considered, where applicable.
When insuring a commercial vehicle, there are several factors that will impact the coverage, deductibles, and premiums that you pay. As your Broker, we will collect information on the following:
Some types of commercial risks can be quoted through our quoting software, and other more complex types may need to be referred to the insurance company for underwriting. Once a quote is provided and accepted, a Commercial Automobile Application and a Commercial Vehicle Supplement are completed.
If you are interested in obtaining a quote on your commercial automobile insurance,please contact our Office and one of our experienced Commercial Brokers would be happy to assist you! Alternatively, please visit our website to submit your information online.
Hopefully you have found this summary of coverage helpful, and as always, please do not hesitate to contact our Office with any questions you may have.
The Costen Insurance Team