Dear Valued Customer,
This issue of “———————” is focused on the subject of Commercial Auto because you need to be made aware of a lot of recent changes.
Commercial Auto has always been a risky business – and it’s getting more difficult to insure. Due to the rising number of accidents and claims, insurance carriers are losing their appetite for that type of coverage, making it harder to even find coverage, not to mention, making it more expensive.
Fact is, any business that uses autos needs commercial auto liability insurance to protect the business against third-party claims that arise out of auto accidents. After all, claims from vehicle accidents can generate large awards against businesses. If a business lacks adequate liability insurance, it may not survive an auto-related lawsuit, and we remind you that your Business owners Policy (BOP) does not provide any coverage for vehicles – so you must have a separate policy.
Read on to learn what steps you can take to protect your business from claims created by your automobiles – whether owned or leased.
We appreciate your continued business and look forward to serving you.