Not having personal auto insurance can be detrimental to any individual who wants to drive a car. For small to medium-sized business owners, though, not having an insurance policy that accounts for their commercial vehicles will have its own repercussions.
Personal car insurance is not enough for company heads. If a driver is making a delivery or simply going on a run for a manager, it is important to have comprehensive coverage that accounts for business needs.
While this blog has previously discussed the importance of owners taking their organization's location into account when finding insurance policies, the same mindset must be applied for commercial auto insurance. For example, as weather will affect states across the nation differently, roads and highways will also be impacted at various levels.
For example, the first day of spring might be just around the corner, but the East Coast was again pummeled by a strong winter storm. Connecticut's NBC affiliate reported that in Wallingford, a FedEx truck went down an embankment at a highway exit and nearly struck a house. State police said that slick and icy conditions were factors in the truck going off the road.
There were also several tractor-trailer crashes, including one where the vehicle jackknifed and closed all travel lanes on one part of the highway. The state Department of Transportation though said that 800 trucks were on the road, in an attempt to keep things clear.
Not every area needs to worry about snow, but business owners across the nation must be aware that the unexpected does happen. Whether a car needs to make frequent trips or rarely has to travel on the roads, commercial auto insurance is a necessity for any organization that relies on a vehicle.