Commercial Insurance: Protect Your Business in Three Easy Steps

By Cindy Chase

Through the years, I’ve had the pleasure to help many business owners get the right insurance to protect and grow their business. For most of our clients, your business is your most important asset.  So it’s important to have the right commercial insurance in place to protect your hard work. One of the best tools a business can use to protect its assets is business auto insurance.

3 Steps to Commercial Insurance for Your Automobiles, Vans or Trucks

A key to making an informed decision is to understand the coverage and service options of your commercial insurance policy. Here are three easy steps to help figure out your commercial auto insurance needs:

1. Choose an insurer with the right combination of price and service.

Insurance isn’t just about price. It’s about service, too.

  • How are claims handled?
  • How long will it take to get your vehicle back on the road?
  • Can you get questions answered outside of business hours or online?

Know the answers to these questions. Your time is money.

2. Research your policy options.

Having the right coverage is important. A standard commercial auto policy generally includes coverage for:

  • Injuries or damage that you cause
  • Your driver’s injuries
  • Injuries and damages caused by uninsured or under-insured drivers
  • Damage to or theft of your vehicle(s)

When it comes to damage that you cause, you may be required to purchase certain limits based on who you work for. For instance, if you work for certain home builders, you may be required to carry $1 million in liability limits. Consider how much you are willing to pay out of pocket if your liability in an accident is more than your policy limits.

3. Know how the policy is priced.

You can control your insurance costs. To get the best rates, run motor vehicle reports on potential drivers. If you let your insurance lapse, you’ll probably pay more for your next policy. Ask about discounts, including paid-in-full and renewal discounts.

Just like your customers rely on your professional skills, call Aspen Insurance.  We’ll use our expertise and understanding of your business goals and associated risk management to research and recommend the best options.

As always, we’re here to serve you. If you have questions or want to schedule a review of your commercial insurance, please call 303-777-2991 or e-mail us today.