Here are five compelling reasons to have commercial auto insurance in Sacramento:
1. Legal Requirements:
– California law mandates that all vehicles, including those used for business purposes, must carry minimum liability insurance. This includes coverage for bodily injury and property damage. Failure to comply can result in severe penalties, including fines and suspension of vehicle registration【30†source】.
2. Protection Against Liability:
– Commercial auto insurance provides coverage for bodily injury and property damage liability. If your business vehicle is involved in an accident and you are found at fault, this insurance helps cover the costs of medical expenses, legal fees, and repair costs for the other party involved【30†source】【29†source】.
3. Coverage for Business Assets:
– Business vehicles are significant assets. Commercial auto insurance protects these assets by covering damages resulting from accidents, theft, vandalism, and other incidents. This ensures that your business can quickly recover and continue operations without bearing the full financial burden of repairs or replacements【30†source】【28†source】.
4. Protection for Employees:
– If your employees use company vehicles or their personal vehicles for business purposes, commercial auto insurance can provide coverage. This includes protection for medical expenses and lost wages if they are injured in an accident while on the job, safeguarding both your employees and your business from financial loss【30†source】【29†source】.
5. Comprehensive Coverage Options:
– Commercial auto insurance offers a range of coverage options tailored to your business needs, such as collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, and more. These options provide a safety net for various scenarios, ensuring that your business is prepared for unexpected events【30†source】【29†source】.
By securing commercial auto insurance, you ensure that your business complies with legal requirements, protects its assets and employees, and is prepared for various risks associated with operating vehicles. This comprehensive coverage helps maintain the financial stability and continuity of your business operations.