A business in Savannah has to safeguard property and vehicles. Commercial car insurance in Savannah, GA, is mandatory for commercial operations that run vehicles. However, knowing what this insurance does not cover is just as important. This knowledge of the exclusions will save you from significant surprises and protect you fully.
Common Exclusions in Commercial Car Insurance
Here are some common exclusions in commercial car insurance:
- Use of Commercial Vehicles for Personal Purposes: Commercial vehicle insurance coverage may not cover the losses if the company vehicle is used for personal purposes and an accident occurs. Personal use, therefore, should be kept to a minimum or otherwise insured separately to avoid losing insurance coverage.
- Unlisted Drivers: Generally, only drivers listed on your policy are covered. Your insurer may deny the claim if an unlisted employee drives the vehicle and causes an accident. Keep the policy updated with the names of all present drivers.
- Intentional Damage: Damages imposed intentionally are not covered, whether by a driver or some other individual associated with the company. Commercial policies are for accidents and not for intentional damage.
- Racing or Illegal Activities: There is no coverage under commercial car insurance when vehicles are used during races, stunts, or illegal activities. Insurance is only valid if the car is used for legal and business purposes.
- Property and Equipment Inside the Vehicle: While commercial vehicle insurance covers the vehicle itself, it commonly does not cover tools, goods, or personal property contained therein. To protect your equipment or cargo, consider other coverage options, or commercial building insurance in Savannah, GA, if stored at your facility.
- Wear and Tear or Mechanical Breakdown: Issues related to routine maintenance, mechanical failures, and wear and tear are excluded from standard commercial auto policies. Such issues are a normal part of regular business upkeep and are never considered an insured event.
Add-On Coverage to Fill the Gaps
For broader protection, your business stands better by bundling vehicle insurance with commercial building insurance, covering physical structures, products, and tools, apart from the company’s fleet. Look for some good add-on coverage that suits your business.
Make the Right Insurance Choices for Your Business
Knowing what your commercial car insurance excludes will help you make better and more informed decisions. For full protection, combine commercial building insurance, commercial vehicle insurance in Savannah, GA, and policy add-ons tailored to your line of business. Savannah Insurance Advisors offers expert advice and custom plans for small businesses and giant industrial units. Get a personalized quote now!