Commercial Auto Insurance in Anderson, South Carolina
Commercial auto insurance can help provide crucial financial protection for your South Carolina company. Contact Select Insurance, serving Anderson, Greenville and Spartanburg, South Carolina, to get personalized quotes for commercial auto insurance.
What Is Commercial Auto Insurance?
Commercial auto insurance is a contract between a business and an insurer that provides specific amounts and types of coverage in exchange for premium payments.
Your commercial auto insurance plan is highly customizable. While South Carolina laws require companies using vehicles to purchase minimum amounts of liability insurance, this coverage may not be enough to provide adequate financial protection. Your agent may recommend buying more than the minimum liability limit and adding policies and endorsements to get adequate coverage.
What Does Commercial Auto Insurance Cover?
Commercial auto insurance policies may include the following:
- Liability insurance may help cover third-party property damage and bodily injury claims after an at-fault accident up to the policy’s limits. South Carolina liability coverage may also help pay for your injuries and property damage after an accident with an uninsured driver.
- Underinsured motorist coverage may help cover your injuries and property damage if the other driver’s liability coverage can’t completely cover those costs. This coverage is optional in South Carolina.
Your agent may also recommend that you tailor your commercial auto insurance to include the following:
- Comprehensive and collision insurance may help pay for damage to the covered vehicle after an accident or incident. If your company leases or finances vehicles, your lienholder requires this coverage.
- Gap insurance may help cover the difference between your total loan or lease payoff and your insurer’s settlement if your vehicle is a total loss. Some lienholders require this coverage.
Who Needs Commercial Auto Insurance?
South Carolina companies that use vehicles to conduct everyday business must have commercial auto insurance that complies with state laws.
Many business types use commercial auto insurance to help provide financial protection, including the following:
- Delivery services
- Ride-share services
- Towing companies
- Contractors
- Real estate agents
- Auto body shops
- Trucking companies
When evaluating your need for commercial auto insurance, it may be helpful to ask the following questions:
- Could my company be held legally liable for damages in the event of a collision?
- Is the vehicle used for business purposes?
Your agent can help you determine whether a commercial auto insurance policy is right for your company.
How to Get Commercial Auto Insurance
If your business needs commercial auto insurance, we’re here to help. Contact Select Insurance today for a quote or to discuss your commercial auto insurance needs.