Insure Your Business With Commercial Auto Insurance in Lombard, IL

Insure Your Business With Commercial Auto Insurance in Lombard, IL

Cover your business with commercial auto insurance!

If you own a business, there is plenty to worry about. If anything happens, it falls on your shoulders. That’s one of the many reasons why it’s so important to protect yourself with the right business insurance. From workers’ compensation insurance to commercial auto insurance, there are legally mandated policies that are required to operate a business. Check out these common mistakes businesses make when looking for a commercial auto insurance policy.

Using A Personal Policy.

Your personal policy won’t cut it for commercial use. When you drive for your business, it’s important to take out a special commercial auto insurance policy. Because there’s more liability associated with a business, commercial auto insurance is necessary to ensure that you’re covered.

Not Covering Hired Vehicles.

Just because you don’t own the vehicle doesn’t mean that you’re off the hook. If you’re driving a car that’s used for a commercial purpose, and get into an accident, the liability is placed on your business. Make sure to invest in a policy that gives you coverage for renting or borrowing vehicles.

Getting Coverage For Physical Damage For Old Vehicles.

While you must always have liability coverage, you don’t necessarily need collision coverage to cover damages to your vehicles. While you may want to purchase collision coverage if you have a newer vehicle, it may not make sense to spend that amount of money to ensure an older vehicle. Before you add collision coverage, be sure to weigh all the costs and benefits.

Not Insuring Mobile Equipment.

If you have any tractors, forklifts, or bulldozers, be sure that they’re also covered with the right insurance. It’s easy to forget to insure such vehicles. However, it’s important to do so to prevent any liability.

Make sure to protect your business with the right commercial auto insurance in Lombard, Illinois. Contact the professionals at Steve Wilk Insurance Agency for assistance finding the best insurance for your lifestyle. Located in Illinois, we serve all your personal and commercial insurance needs.