Kansas companies that use vehicles to conduct everyday business need commercial car insurance to remain in compliance with state laws. Plus, if your company leases or finances vehicles, your lienholder has additional commercial auto insurance requirements.

Contact Insurance Partners of Kansas in Witchita, Kansas, to learn more about your company’s commercial auto insurance options.

How Much Commercial Car Insurance Do I Need?

Kansas businesses must purchase at least the minimum required amount of commercial auto liability insurance, including the following:

·        Bodily injury liability to help pay for the costs of third-party injuries after a covered at-fault accident

·        Property damage liability to help pay for the costs of third-party property damage after a covered at-fault accident

·        Personal injury protection (PIP) to help pay for your company driver’s medical expenses, rehabilitation, lost income and funeral expenses, if appropriate, after a covered accident

If your company has auto loans or leases, your lienholder requires full coverage insurance, which may include the following:

·        Collision insurance to help pay for damages to the covered vehicle after colliding with another vehicle or object

·        Comprehensive insurance to help pay for non-accident-related damages, including weather damage, fire, theft or vandalism

·        GAP insurance to help cover the financial gap between the amount you owe on your company vehicle and the settlement from your insurance company after an accident that renders the vehicle a total loss

Talk with your agent to understand the state and your lienholder’s requirements.

How Does Commercial Car Insurance Work?

Commercial auto insurance helps provide financial protection according to the policy’s declarations. It may help protect a business from liability claims and help repair or replace your company’s vehicles after a covered accident.

Like other types of insurance, commercial auto insurance requires regular premium payments. Each insurer sets its rates, so it’s crucial to work with your agent to find a reputable insurance company with the best rates.

Commercial car insurance is a contract between an insurer and a company that provides financial protection for certain events beyond the company’s control, including covered accidents and incidents involving third-party injuries or property damage.

Personal auto insurance policies don’t typically provide coverage for an accident if the vehicle was in use for business purposes at the time. Hired and non-owned auto insurance (HNOA) can help provide the financial protection you need if you or your employees use personal vehicles for work purposes.

What Does Commercial Car Insurance Cover?

In addition to providing appropriate liability coverage and protecting your company’s vehicles, your commercial auto insurance policy can be tailored to offer more coverage, including:

·        Uninsured/underinsured motorist insurance 

·        Inland marine insurance 

·        Roadside assistance  

·        Replacement cost vehicle coverage

·        Rental car reimbursement 

·        Medical payments

Each commercial auto insurance policy provides details about the coverage it offers in the policy’s declarations. Your agent can help you understand how your commercial auto insurance coverage works, and if necessary, they can help you file a claim.

How to Get Commercial Car Insurance

The agents at Insurance Partners of Kansas are ready to help you build a customized commercial auto insurance plan to meet your organization’s needs. Contact us today to get a personalized quote.