Having a commercial auto is a great way to increase your income. However, there are some things that you need to know about it before you sign the contract.
Buying property damage insurance is an essential part of any business owner’s overall insurance portfolio. Property damage is not only limited to the damage done to a business’s property, but also includes damage to the business vehicle, business contents, and personal property.
For example, a construction company’s truck is involved in a severe accident while carrying lumber. The damages incurred include physical damage, loss of income, and legal fees. The business owner may pay out of pocket if the insurance company does not provide the claim.
Commercial auto insurance, for example, commercial auto Woodbridge VA policy, will typically offer physical damage coverage. This is an essential feature for business owners who use their vehicles for business purposes. In addition, …