Commercial Auto Insurance in Las Vegas, NV
Your business needs robust risk management and loss control measures if it uses motor vehicles. Regardless of size, industry or unique circumstances, cars, trucks and other automobiles represent significant financial investments and may be prone to many risks and perils. Accidents on the road, criminal activity and natural disasters can all inflict significant financial losses, necessitating appropriate commercial auto insurance.
What Is Commercial Auto Insurance?
These policies are a form of auto insurance tailored toward the needs of businesses and other members of the commercial sector. Like many types of insurance, a commercial auto policy acts as a contractual agreement between your company and its insurer. In exchange for your premiums, you retain the right to file a claim for financial assistance following covered incidents. You may receive aid up to your policy limits and minus your deductible if approved.
What Do Policies Cover? 
Commercial auto insurance can include many financial protections related to the ownership and operation of motor vehicles. You can typically sculpt your policy and customize details according to your needs and preferences. For many organizations, the following components may be essential:
- Bodily injury liability coverage can assist with third-party losses for which you’re at fault following an accident.
- Property damage liability coverage can help pay to repair or replace third parties’ damaged vehicles, buildings or other property for which you’re responsible.
- Collision coverage can render financial aid following crashes involving your vehicles.
- Comprehensive coverage may help repair or replace vehicles damaged by fires, vandalism, theft and severe weather.
- Uninsured/underinsured motorist coverage can compensate your business if another party is to blame for an accident but lacks adequate insurance.
- Hired/non-owned vehicle coverage may limit losses if an employee causes an accident while using a personal or rental vehicle for business purposes.
Who Needs Coverage?
Commercial auto insurance is typically required by law. In Nevada, your business must adhere to minimum coverage limits for bodily injury and property damage liabilities. If you have outstanding auto loans, your lenders may impose additional requirements, such as mandating collision and comprehensive coverages.
How Much Does Commercial Auto Insurance Cost?
Your rates can be based on a multitude of factors. When weighing your risk levels and analyzing your situation, carriers may consider the following:
- Location
- Industry
- Number of insured drivers
- Size of fleet
- Insureds’ driving histories
- Coverage limits
- Endorsements
- Deductibles
- Prior claims history
How to Get Commercial Auto Coverage Near Me
Contact Goh Insurance & Tax today to learn more about coverage options or get a personalized commercial auto insurance quote.