Business auto insurance is a crucial investment if your Oklahoma company depends on automobiles to complete tasks. This specialist coverage protects your company against any financial losses brought on by accidents, theft, or liability claims, regardless of whether you’re shipping items, delivering goods, or offering on-site services.
Why Is Commercial Auto Insurance Necessary?
Generally speaking, corporate vehicles are not covered by personal auto insurance. Commercial auto insurance intervenes to offer customized defense for:
Liability: Provides coverage for losses if your car injures or damages someone else’s property.
Physical Damage: Guards against collisions and all-encompassing hazards like natural disasters or vandalism.
Medical Payments: Assists with your driver’s and passengers’ medical costs.
In the event that the at-fault driver does not have adequate insurance, uninsured motorist coverage protects your business.
Who Requires It?
Commercial auto insurance should be taken into consideration by any company that owns, rents, or uses automobiles for work-related purposes. Typical instances consist of:
Vans and delivery trucks
Contractor automobiles
Transportation services or ridesharing
Employee-owned vehicles utilized for business-related tasks
Specific Requirements for Oklahoma
All automobiles in Oklahoma are required to have liability insurance. The minimum requirements set by the state are:
$25,000 for each person’s physical harm
$50,000 for each accident involving bodily harm
For property damage, $25,000.
To guarantee complete protection in the case of expensive mishaps, organizations frequently require higher coverage.
Advantages of Sufficient Coverage
In addition to satisfying legal obligations, having the appropriate policy safeguards the money and reputation of your company. Without commercial auto insurance, your company may be subject to litigation and hefty out-of-pocket costs in the event of an accident that causes injuries and damages another vehicle.
Seek Professional Assistance
It might be difficult to choose the correct coverage, but OKC Insurance Brokers can assist. We collaborate with leading insurance companies to find a plan that meets your requirements and price range, guaranteeing that your cars and company are always safe while traveling.
Are you prepared to consider your options? To begin, get in touch with us right now!
📞 Call us today at 405-509-9433
🌐 Visit: www.OKCInsuranceBrokers.com
✉️ Email: info@okcinsurancebrokers.com
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