Contractors have many different types of vehicles to insure in the operation of their business.
Contractors come in all shapes and sizes. Whether it’s a handyman juggling odd jobs or a large industrial builder, a new landscaping venture, or an established construction company, you’ll find the unique set of commercial vehicle coverage’s each needs in our Contractors Business Auto Policy Program.
Through our broad acceptability of businesses, vehicles and drivers, we provide coverage for all their hardworking vehicles and all the members of their work crew, too, from new hires to seasonal staff to veteran drivers and more.
Some contractors, such as a trucker delivering concrete to a construction site, may need higher limits to satisfy contractual requirements. In most cases, they’ll buy a $1 million commercial auto policy plus a $1 million commercial umbrella to meet those needs.
With our Commercial Auto program, you can offer limits of up to $2 million and save them money by delivering the higher limits they’re looking for without the added cost of an umbrella policy.
Business Auto Policy For Various Contractors
Business Auto Insurance coverage for contractors is a specialized insurance program designed to provide protection for businesses that use vehicles in their daily operations. Business auto insurance is typically part of a commercial insurance package and provides coverage for property damage and liability arising out of the use of a vehicle in the business.
Contractors are a unique type of business that provide specialized services, often of a temporary nature, to their customers. This could involve construction, remodeling, landscaping, painting, or any other type of service requiring the use of a vehicle. Contractors can also use their vehicles to conduct business, such as transporting supplies or equipment, or for travel to and from a worksite. Because of the unique needs of contractors, many auto insurance policies are tailored specifically to their needs.
Understanding that the business auto insurance policy for contractors typically covers the vehicle itself, the driver, the business itself, and any other individuals or companies that may be involved in the operation of the vehicle. It also usually covers any damage caused to another vehicle or person as a result of an accident or collision. Liability coverage is also included, which pays for any medical expenses incurred by anyone injured in an accident while the vehicle was being operated by the contractor.
When considering business auto insurance for contractors, it is important to understand the various coverage options available. Some of the most common coverages include collision coverage, comprehensive coverage, medical payments coverage, and uninsured/underinsured motorist coverage.
Collision coverage will pay for damage to the vehicle caused by an accident, regardless of who is at fault. Comprehensive coverage pays for damage caused by an act of nature, such as a hailstorm, an animal, or a fallen tree. Medical payments coverage pays for any medical bills incurred by the driver or passengers of the vehicle as a result of an accident. Uninsured/underinsured motorist coverage pays for damage caused by an uninsured or underinsured driver.
When selecting a business auto policy for contractors, it is important to understand the coverage limits and deductibles associated with each type of coverage. It is also important to understand the types of vehicles that are covered under the policy, as well as the type of vehicle usage allowed. Many policies limit the use of the covered vehicles to business purposes only, and may exclude coverage for pleasure trips or other non-business related activities.
Modern business auto insurance for contractors can also be tailored to meet the specific needs of the business. For example, it may be possible to add coverage for roadside assistance and towing services, or to increase the coverage limits for certain types of vehicles. Additionally, it may be possible to customize the policy to include additional coverages such as rental reimbursement or rental car coverage.
The cost of business auto insurance for contractors will vary depending on the type and amount of coverage needed, the type and age of the vehicles, the area in which the vehicles are driven, the driving record of the drivers, and other factors. It is important to shop around for the best rates and to compare coverage between different insurers.
In order to obtain business auto insurance for contractors, a business must provide proof of insurance to the insurer. This usually involves providing copies of any documents related to the business or its vehicles, such as registration, insurance cards, and vehicle titles. The insurer may also require an inspection of the vehicles to ensure that they meet their standards for coverage.
Business auto insurance for contractors is an important part of any business’s overall risk management strategy. It is important to carefully consider the coverage options available and to choose the best policy for the specific needs of the business. With the right policy, contractors can protect their vehicles and their business from any potential losses that may arise due to an accident or other unexpected events.
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Certain business professionals, such as contractors or engineers, are required by their customers to carry insurance for all vehicles in service to their business, whether owned by the business or not. For example, an independent contractor or engineer may be working on a large job site. Their client may require a specific level of commercial coverage before awarding the job to make sure any vehicle associated with the job is covered.
We help our customers fill this contractual requirement with these additional liability coverage’s:
Any Auto liability
• Covers any vehicle used in the customer’s business, including any vehicle
acquired during the policy period.
Hired Auto liability
• Covers any non-owned, unlisted vehicle the insured has leased, hired, rented
Employer’s Non-ownership liability
• Covers employees using their own (unlisted) vehicles incidentally in the
course of doing business.
Drive Other Car
• For corporations and partnerships, extends all coverage’s to private passenger
vehicles rented or borrowed for personal or business use—allowing the
commercial coverage to provide the same benefits as a personal lines policy
when a separate policy does not exist.
• Covers the cost of roadside assistance in the event of a mechanical
breakdown, dead battery, or flat tire.
• Helps drivers get a temporary rental if their vehicle’s down due to a covered loss
Contractors often rely on permanently attached equipment, such as roof racks secured to the vehicle, which can be damaged in an accident. Our Business Auto Policy will cover this equipment up to the stated amount to ensure they’ll be able to replace everything they need to get back to working.